Banks are similarly targeting higher loan growth of 12% in 2018.
Indonesian bank loans rose 8.2% YoY in February, according to data given by the Financial Services Authority (OJK).
This represents a slightly faster monthly growth compared to 7.4% expansion recorded in January.
The non-performing loan ratio remained flat at 2.9% of total outstanding loans in February.
“Banks are targeting loan growth of 12 percent this year, which means they are more optimistic than last year when they targeted 11.5%,” OJK’s deputy commissioner for banking supervision Heru Kristiyana told Reuters.
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