JAKARTA, April 6 (Jakarta Post/ANN) - Indonesia’s loan growth fell to a more than 10-year low in February as the Covid-19 pandemic hit credit demand across business sectors.
The country’s banking industry recorded a 5.93 percent loan growth in this year’s second month, the lowest expansion since November 2009, according to Financial Services Authority (OJK) data. The figure is lower than 6.1 percent booked in January.
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