Bank Indonesia (B.I.) said the financial system stability has been maintained, reflected by a high Capital Adequacy Ratio (CAR) of 23.66% recorded in November 2019 along with a low level of non-performing loans (NPL) at 2.77% (gross) or 1.24% (nett).
Credit growth remains sluggish despite accelerating from 6.53% (yoy) in October 2019 to 7.05% (yoy) in November 2019, spurred by seasonal demand for loans towards year-end. On the other hand, deposit growth increased moderately from 6.29% (yoy) in October 2019 to 6.72% (yoy) in November 2019. Based on the latest dynamics, B.I. predicts growth of outstanding loans disbursed by the banking industry in 2019 at 6.08%, with deposit growth of 6.54%.
