Indonesia's Banking Assets Grew by 7 Percent from 2010 to 2016

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13/04/2017 11:21 WIB

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Asian Banking Asset Growth CAGR 2010-2016

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Asian Banking Asset Growth CAGR 2010-2016

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Indonesia's banking assets grew by 7 percent Compound Annual Growth Rate (CAGR) from 2010-2016. This ranks fifth, behind China, Vietnam, the Philippines, and Hong Kong. However, it outperformed the banking asset growth of South Korea, Thailand, and Singapore. Japanese banking assets, conversely, experienced a 2 percent decline.

Asian banking assets grew by a CAGR of 10.5 percent from 2010-2013, while the CAGR from 2013-2016 was 6.9 percent. United States banking assets grew by only 5 percent CAGR from 2010-2016, while European banking assets declined amidst the debt crisis.

Domestic commercial bank assets reached Rp 6.7 quadrillion in 2016, with a total of 118 banks. Meanwhile, Rural Banks' assets totaled Rp 113.5 trillion, with 1,633 banks.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Banking Assets Grew by 7 Percent from 2010 to 2016

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