The Financial Services Authority (OJK) encourages banks to lower lending rates for boosting lending. Wimboh Santoso, OJK Chairman, said that lending still grew in July this year, compared to July last year, but it has slowed since December last year. OJK predicts the lending growth at 11% for this year, lower than initial target of 13% inline with the growing write-off of credit due to increasing non-performing loan (NPL).To subscribe please click here
