The Financial Services Authority (OJK) said the banking lending in December 2019 is projected at 8-9% year on year (y/y), higher than the previous month of 7.05%. OJK has in early 2019 predicted the banking lending to grow by 10-12% in 2019, but it then revised to 8-10% growth in the wake of challenges both in domestic and global fronts.

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