P2P lending bad loan ratio rises above OJK’s 5% safety threshold in September
The ratio of P2P lending loans at least 90 days past due climbed to 5.36 percent in September, up from 4.73 percent a month earlier and 2.82 percent a year earlier. Year-on-year growth in outstanding P2P loans slowed to 17.02 percent from 22.07 percent in August. Total outstanding loans reached Rp 106.48 trillion (US$5.87 billion). OJK said it will continue monitoring industry quality and push for healthy, sustainable growth with stronger risk ma…