Indonesia: debts restructured for nearly 4 million clients
Indonesia’s banks and financial companies restructured debts of over 336 trillion rupiah (22.4 billion USD) for 3.88 million clients hit by the COVID-19 as of May 10, according to the Indonesian Financial Services Authority.
Hanoi (VNA) – Indonesia’s banks and financialcompanies restructured debts of over 336 trillion rupiah (22.4 billion USD) for3.88 million clients hit by the COVID-19 as of May 10, according to the Indonesian FinancialServices Authority.
Speaking at a press teleconferenceon May 11 held by the Financial System Stability Committee (KSSK), Chairman of the Financial Services Authority (OJK) Wimboh Santoso said 3.42million clients are mostly micro-small, small- and medium-sized enterprises witha total sum of 167.1 trillion rupiah.
Financial companies restructured debts worth over 43.1trillion rupiah for 1.32 million clients. More than 743,000 others are waitingfor approval.
𒐪 Earlier, the Indonesian government decided to delay principalcollection and offer preferential interest rates within six months sinceApril./.
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Garment workers in Indonesia (Photo: AFP) 
