Volume 18, No. 6, 2021

Analysis Of Banking Law Countercyclical Policy On Economic Sustainability In Covid-19 Pandemic Outbreak



The COVID-19 pandemic has caused a delay in national economic development, among other factors. Covid-19's global spread has had a direct or indirect impact on debtors' ability and capability to meet their installment or financing obligations to banks, resulting in Non-Performing Loans (NPLs). The purpose of this study was to determine countercyclical banking policy on economic sustainability in the covid-19 pandemic outbreak. This research method uses the Normative Juridical Approach used in this study by analyzing the norms in the legislation to find the truth based on scientific logic from the normative side to find a coherent truth. The results of this study can also be used as an excuse for overmacht credit among credit debtors to delay debtor credit payments to banks until the economy recovers. Several government regulations have stipulated that banks must defer debtor obligations; however, the debtor is still required to make payments to the bank.

Pages: 188-199

Keywords: COVID-19, overmacht, Non Performing Loan,

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