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Credit growth can be likened to a double-edged sword that is able to illustrate the contradictions of the resulting impact. Sometimes credit growth becomes to be credit booms and lead to major events such as the debt crisis in the 1980s, the exchange rate crisis in 1992, Sudden Stops in the 1990s and the global financial crisis in 2008. The events made an own dilemma: if there was a policy of reducing credit that aims to prevent credit boom in developing countries can hamper economic growth. The study aims to analyze the siginificance of impact of the credit growth that occurred in ASEAN during 2013-2017 towards financial fragility. This study uses empirical tests using panel data regression. The result shows that credit growth in ASEAN has a significant effect on financial fragility