TEMPO.CO, Jakarta - The Financial Services Authority (OJK) remains confident that this year's financing growth could reach above 13 percent despite no signs of improvement in bank lending.
OJK banking supervision commissioner Nelson Tampubolon said bank loan growth always follows that of the national economy. With the current economic slowdown, banks' lending rate decelerates as well.
He admitted that there is a decline this year, but it is not too far off the target of 15-17 percent. "It may go down by about one to two percent, but [the growth] is still above 13 percent," he said on Sunday, June 14.
Nelson is optimistic that lending rate can be maintained as the government and regulators are increasingly pushing for growth through the initiations of several infrastructure projects in the second quarter.
For 2016, Nelson said the OJK is certain that Indonesian banks will note a 15-percent credit growth, provided that the government stimulates economic growth in the second half of this year; using the right strategies.
RR | BISNIS.COM