The Financial Services Authority (OJK) reported that the credit or bank lending per October 2019 only grew 6.53% year on year (y/y), but it is in line with domestic economic development. Credit for investment rose 11.2%. Third-party funds grew 6.29%, and non-performing loan (NPL)s was maintained at 1.21%. The capital adequacy ratio (CAR) stood at 23.54%. Per September 2019, the banking credit grew 7.89% y/y.

To subscribe please click here