Tuesday, July 28, 2015

Roy Morgan Research: Business numbers up but proportion with loans down

According to the latest estimates by Roy Morgan Research, small business numbers in Indonesia have grown by 6 million (to 42.5m) over the last 2 years. However, the number with loans has not kept up, increasing by only 600,000 (to 11.1m). This data comes from Roy Morgan Single Source (Indonesia), which interviews approximately 30,000 people p.a. across the country.

Bank Rakyat Indonesia (BRI) dominates small business lending 
Currently, BRI has the highest market share of loans to small businesses with 37.2%, well up on the 28.1% of two years ago. Being state owned, it is one of the banks that the government has decided to involve in its plan to boost business lending.

The second major lender, with 12.3% market share, is Koperasi, but their share has declined from 14.5% in 2013. After these two major lenders, the market is highly fragmented, with the only other significant players being FIF (Federal International Finance) with 7.4% and Adira Dinamika Multifinance (7.2%).

Roy Morgan Research: Business numbers up but proportion with loans down Rating: 4.5 Diposkan Oleh: Patrick S. Hutapea