Indonesian banks likely to see more than 12% loan growth this year

Santoso: We will let them come, but only if they stay permanently in Indonesia. —Bloomberg

LONDON: Indonesian banks will see “more than 12%” loan growth in 2018 thanks to a recovering global economy and a pick-up in commodity prices, the country’s financial regulator said.

Wimboh Santoso, head of Indonesia’s Financial Services Authority (OJK), said he was confident the sluggish bank lending that has hobbled South-East Asia’s biggest economy was coming to an end.