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Credit penetration in Indonesia still low even after a decade of strong credit growth
It's at 29% of GDP.
According to Barclays, credit penetration in Indonesia, even after decade of strong credit growth, remains low (29% of GDP) and should grow.
Here's more from Barclays:
In particular, we expect the role of credit in financing housing and fixed investment in the business segment (in contrast to working capital (WC)) to increase.
Moreover, growth in trade should remain a driver of credit growth, particularly in the large WC loans segment. Overall, we expect our coverage banks to achieve CAGR for credit of ~21% for 2012-15E.
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