Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Finance>>Bank loan growth hit 7.87 percent in 2016
NEWS UPDATES Asean Affairs     February 6,  2017  

Bank loan growth hit 7.87 percent in 2016

Indonesia's bank loan growth reached the lower half of its target range last year, the Financial Services Authority has reported.

Credit disbursements expanded by 7.87 percent as of December last year or within the lower range of the targeted 7 to 9 percent, even after the financial authorities lowered the target twice during the period.

The channeled loan amount expanded by 10.1 percent in 2015.

"Bank credit didn't grow as we expected," OJK chairman Muliaman D. Hadad said in a press briefing at the Finance Ministry in Jakarta on Friday.

The banking industry saw a sluggish loan growth last year on the back of surging non-performing loans (NPL) – the ratio between bad debts and total loans – and weak demand due to slow economic situation.

The authority recorded a gross NPL of 2.93 percent last year, below the 5 percent limit, and net NPL of 1.2 percent.

Meanwhile, third party funds (DPK) grew by 9.6 percent last year, mainly supported by asset repatriation from the tax amnesty program.

However, Muliaman remains optimistic that credit growth will be better this year supported by better economic growth projection.

The government expects the country's economy to expand by 5.1 percent this year from the targeted 5 percent last year.

This year's loan growth target is set at between 10 and 12 percent.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           February 6, 2017 Subsribe Now !
• Bank loan growth hit 7.87 percent in 2016 Subcribe: Asean Affairs Global Magazine
• Viet Nam to promote partnership for sustainable agriculture
• CNRP summonses pointless, says Banh  
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• VN runs trade deficit of $100m in January
• General gov't debt-to-GDP ratio improves in September
Asean Analysis                  January 19,, 2017
• Asean Analysis  January 19, 2017
Engaging Southeast Asia: Economic Recommendations for the New Administration
Advertise Your Brand

Asean Stock Watch   February 3, 2017
• Asean Stock Watch-February 3, 2017
The Biweekly Update
• The Biweekly Update  January 19, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand