The Financial Services Authority (OJK) said it is optimistic the demand for loans will grow significantly along with the economic activity. Per July 2020, the demand for loans or lending grew 1.53% year on year (y/y), higher than the previous month’s 1.49% growth. The lending grew in almost all parts of the country. But, per August 2020, the lending slowed, only increasing by 1.4% y/y.

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