Indonesian Oct bank loans grew slowest since 2016


JAKARTA, ANN, Nov 30 -- The disbursement of bank loans grew only 6.53 percent year-on-year (yoy) in October, the slowest pace since 2016, according to the Financial Services Authority (OJK).

OJK deputy commissioner for banking supervision Slamet Edy Purnomo said this sluggish growth was due to lower credit demand in the mining and construction sectors.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

bank loans , Indonesia ,

   

Next In Regional

Malaysia needs time to study Asean joint visa proposal, says Home Minister
Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer
Two nabbed for launching fireworks at police in Lembah Subang

Others Also Read