The Financial Services Authority (OJK) reported that bank lending per May 2020 grew 3.04%, weaker than 5.73% per April 2020. Third-party funds also rose 8.87% in the said period, improving from 8.08% per April 2020. The central bank (Bank Indonesia/BI) reported that the bank intermediation function remains suboptimal in line with weak domestic demand and more cautious bank lending as a result of COVID-19.
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