Biggest Bank Loan Goes to Working Capital
2 March 2015 14:16 WIB
TEMPO.CO, Jakarta – Bank Indonesia noted positive loan disbursement in Central Java during the first quarter of this year, with the highest amount allocated for working capital loans amounting to 58.3 percent.
"Meanwhile, consumer loans and investment credits accounted for 38.9 percent and 2.8 percent," Iskandar Simorangkir, BI's chief representatives for Central Java, said last weekend.
The banking industry, he said, will continue booting credit disbursement in the future, as seen from a banking survey the province that revealed that 70.3 percent of commercial banks are confident they can increase lending to 16.5 percent per quarter.
Earlier, the government asked banks to lower lending rates following the central bank's decision to lower the BI rate to 7.5 percent.
However, Coordinating Minister for the Economy Sofyan Djalil said that each bank has the authority to set their own interest rates, According Bank Negara Indonesia (BNI) president director, the industry will make a decision after considering the current market conditions.
EDI FAISOL (SEMARANG) | AYU PRIMA SANDI
