RETAIL BANKING | Staff Reporter, Indonesia

Indonesian banks' loans rose 8.2% in February

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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