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.
Earlier, the In🐬donesian government decided to delay principalcollection and offer preferential interest rates within six months sinceApril./.
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Garment workers in Indonesia (Photo: AFP) 
