REPUBLIKA.CO.ID, JAKARTA - The outstanding loans of state owned banks exceeded central bank's provision which is kept at level 15-17 percent. The credit grew higher than third party fund which in turn it increased the banks' loan to deposit ratio (LDR).

Credit of PT Bank Negara Indonesia (BNI) grew at the highest level compared to other state owned banks with loan portfolio at 23.3 percent to current level at 247.1 trillion IDR, while its third party fund grew only 12.8 percent to current level at 273.9 trillion IDR. The credit growth increased the LDR from 82.6 percent in the first quarter of 2013 to 88.4 percent in the first quarter of 2014.

Chairman of Indonesian Association of State-Owned Banks (Himbara), Gatot M Suwondo said that state owned banks' had high LDR while the healthy level was within 78-92 percent.

"They must absorb more deposit fund so the LDR will not exceed 92 percent," Suwondo said recently.

PT Bank Tabungan Negara (BTN) recorded its credit grew 20.24 percent or 102.8 trillion IDR, while its third party fund grew 17.44 percent to current level at 87.09 trillion IDR. Its LDR increased from 98.1 percent in the first quarter of 2013 to 100.53 percent in the first quarter of 2014.

Credit growth of PT Bank Mandiri, Tbk is recorded at 20 percent and now worth 470.4 trillion IDR. Its third party fund grew 13,8 percent to current level at 531.6 trillion IDR. Its LDR increased from 83.4 percent last year to 87.9 percent in the same period this year.

PT Bank Rakyat Indonesia (BRI) recorded its credit growth 19.7 percent to current level worth 432.4 trillion IDR, considered as the lowest credit growth compared to other state owned banks. The company booked 470.02 trillion IDR of third party funds or increased 16.6 percent, which in turn increased its LDR from from 89.6 percent to 92 percent. 

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