The central bank (Bank Indonesia) said maintained banking industry resilience and stable financial markets continued to support a solid financial system. In April 2017, credit growth in April 2017 stood at 9.5% (yoy), up from 9.2% (yoy) the month earlier, driven by infrastructure loans, consumer loans and social services. In contrast, deposit growth moderated slightly from 10.0% (yoy) last month to 9.9% (yoy). Congruent with the expected economic gains and ongoing impact of previous monetary and macroprudential policy easing, credit and deposit growth are expected to accelerate in 2017 to 10-12% and 9-11% respectively. While the Capital Adequacy Ratio (CAR) of the banking industry stood at 22.6% in April and the liquidity ratio at 21.6%, while non-performing loans (NPL) were recorded at 3.1% (gross) or 1.4% (net).