Indonesia: debts restructured for nearly 4 million clients

Garment workers in Indonesia (Photo: AFP)

Hanoi (VNA) – 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.

Speaking at a press teleconference on May 11 held by the Financial System Stability Committee (KSSK), Chairman of the Financial Services Authority (OJK) Wimboh Santoso said 3.42 million clients are mostly micro-small, small- and medium-sized enterprises with a total sum of 167.1 trillion rupiah.

Financial companies restructured debts worth over 43.1 trillion rupiah for 1.32 million clients. More than 743,000 others are waiting for approval.

Earlier, the Indonesian government decided to delay principal collection and offer preferential interest rates within six months since April./.