JAKARTA (Yosefardi) – The Financial Services Authority (OJK) revises down growth targets for the banking sector this year due to change in economic indicators both internal and external.
The assets of the national banking’s assets is revised down to 13.44% by this year end, from initial target of 16.06%.
The loan growth is cut to 16.47% from initial 17.35% while third party funds’ target is revised down to 13.92% from initial 18.32%.
President-elect Joko “Jokowi” Widodo and vice president elect Jusuf Kalla scheduled to discuss with Jokowi-JK’s Transition Team on the economic growth target for 2015.
The market expects new government to set the economic growth target at 5.8% to 6.2%.