The wholesale and retail trade sector led in credit distribution, with loans worth Rp27.16 trillion, followed by the manufacturing sector at Rp25.51 trillion. This highlights the economic activities driving credit demand in the region.

Sritex, once a leading textile manufacturer, was declared bankrupt by the Semarang Commercial Court, leading to the permanent closure of its operations starting March 1, 2025. The company’s collapse has not only displaced thousands of workers but also raised concerns about the financial stability of the affected employees and the local economy.

The OJK’s evaluation aims to identify and mitigate potential risks to the financial sector, ensuring stability in the wake of Sritex’s bankruptcy. By analyzing loan data and monitoring the banking sector, the OJK seeks to prevent a ripple effect that could destabilize the region’s financial ecosystem.(Uki Ruknuddin)

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