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BI: Foreign Loan Down to US$302.4bn in Q3
A US$100 bill. ANTARA FOTO/Wahyu Putro
Wednesday, 18 November, 2015 | 22:18 WIB
BI: Foreign Loan Down to US$302.4bn in Q3

TEMPO.CO, Jakarta - Bank Indonesia (BI) noted that Indonesia's foreign loan at the end of Q3 of 2015 stood at US$302.4 billion. This is a decline from the figure recorded in Q2, which was US$304.5 billion.

"The decline is caused by the private and public sectors' decreasing foreign loans," Tirta Segara, the central bank's communication director, said through an official statement on Wednesday, November 18, 2015, as quoted by Bisnis Indonesia.

Tirta said that the foreign loan value of the private sector dropped by US$1.7 billion - mostly due to banks' declining loans. Meanwhile, the public sector's loan dropped by US$0.4 billion, mainly due to the government's lower foreign loan value.

With the decline, the private sector now accounts for 55.6 percent of Indonesia's foreign loan with US$168.2 billion. The public sector accounts for 44.4 percent or US$134.2 billion.

According to Tirta, Q3's year-on-year (yoy) foreign loan growth is at 2.7 percent, slower than Q2's 6.2 percent.

ANTARA | RR



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