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Asset Securitization and the Real Sector Performance: An Alternative Source of Financing for SME’s

Author

Listed:
  • Wijoyo Santoso

    (Bank Indonesia)

  • Shinta R.I. Soekro

    (Bank Indonesia)

  • Darmansyah

    (Bank Indonesia)

  • Hilde D. Sihaloho

    (Bank Indonesia)

Abstract

This paper analyzes the asset securitization as a source of financing for small and medium scale enterprise. We use field survey and focus group discussion in Jabodetabek, Bandung, Yogyakarta, Denpasar, Medan, and Banjarmasin, covering 149 samples in total. This paper found the banks generally are in excess liquidity condition, therefore face difficulty on obtaining the minimum of Loan to Deposit Ratio (LDR). For this reason, those banks are not interested to sell the SME’s loan though they are quite interested on the asset securitization concept. For the banks, the major motive to invest in asset securitization program is a high yield. In addition, they expect this portfolio to increase the LDR. Prior the implementation of this program, this paper underlines the necessity to overcome some obstacles including non-bankable SME’s, liquidity and human resource of the banks, and limited information of the asset securitazion program (EBA-UMKM).

Suggested Citation

  • Wijoyo Santoso & Shinta R.I. Soekro & Darmansyah & Hilde D. Sihaloho, 2014. "Asset Securitization and the Real Sector Performance: An Alternative Source of Financing for SME’s," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 17(2), pages 221-239, October.
    • Handle: RePEc:idn:journl:v:17:y:2014:i:2:p:221-239
    DOI: https://doi.org/10.21098/bemp.v17i2.50
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    More about this item

    Keywords

    Asset Securitization; SME’s; Banking;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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