The Financial Services Authority (OJK) said the reopening of the economy is the strategy for optimizing the disbursement of loans during the COVID-19 pandemic. The banking lending or loan grew 2.27% to Rp5,576 trillion in July 2020 (per July 23), improved from 1.49% growth in the previous month. Lending weakened in June 2020 as lending for investment slowed to 5.6% growth, while lending for working capital contracted 1.3%.
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