JAKARTA (Yosefardi) – Central bank, Bank Indonesia (BI), reported national commercial banks’ credit grew by 15% to Rp3,516.7 trillion by July this year (year on year), compared to 16.6% growth by June this year.
The slowing credit disbursement occured in processing industry sector, trade, hotel and restaurant. For this year, BI predicts bank’s credit to grow by 15-17%.
While third party funds rose 10.4% to Rp3,673.4 trillion in July , compared to 13.7% growth in June.