RETAIL BANKING | Staff Reporter, Indonesia

Outlook for Indonesian banks still positive amidst political tensions

One bank's loan demand picked up in the last quarter of 2016.

According to CNBC, Indonesia may have made headlines for racial and religious tensions that dominated the governor race in Jakarta, but the situation has not affected the banking business in the country, according to an Indonesian bank director.

Vera Eve Lim, director and chief financial officer of PT Bank Danamon Indonesia, told CNBC's "Squawk Box" that the bank saw a pick-up in loan demand in the fourth quarter of last year. That has continued through January and February this year even though those were typically slow months for banks. 

Here's more from CNBC.

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