Bisnis, JAKARTA — According to the Financial Services Authority’s (OJK) banking statistics, interest expenses for commercial banks surged 37.81 percent year-on-year (YoY) from IDR 405.17 trillion in November 2023 to IDR 558.35 trillion in November 2024.
Bank Profits Take a Hit as Interest Expenses Surge, Liquidity Tightens
Average interest expenses for commercial banks surged by 37.81 percent YoY in November 2024 due to tightening competition for funds among banks, leading to lower profits.
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