Why Are Big Bank Write-Offs Spiking?

By Editorial Team 28/05/2020
Write off
Summary

The number of credit write-offs in large banks increased in the first quarter of 2020, indicating the severity of damages done by the Covid-19 pandemic on the banking industry and national economy.

The total of bank write-offs could keep increasing along with the spiking non-performing loans (NPLs). Financial Services Authority’s (OJK) data showed that, in the first quarter of 2020, the banking industry’s NPL ratio was at 2.77 percent, slightly higher than the number at the end of 2019 at 2.30 percent, but still far from the upper limit at 5 percent.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.