TEMPO.CO, Jakarta - The Financial Services Authority (OJK) will issue 15 policies this and next year to boost the economy and increase Indonesian stock market’s performance.
On Friday, July 24, OJK Commissioner Board Chairman Muliaman Hadad said that at least 90 percent of banks in Indonesia have already revised the projection of their credit growths to OJK.
Earlier, the OJK reported that the impact of the ongoing economic slowdown is getting apparent and has affected the country’s financial industries.
The 15 policies include repurchase agreements infrastructure development (REPO), development of small and medium enterprises to go public, the use of central bank to complete transactions, plans to issue Indonesia Government Bond Futures (IGBF) derivative products and the use of index bonds.
Muliaman said that the 108 banks have revised their credit growths and the total of the drop in credit growth is around 2.67 percent, which is from 16-17 percent to 13-15 percent. However, Muliaman claimed that banking industries in the country remains quite strong.