Public Bank Credit Reaches Rp 4,200 Trillion, Then Decreases by 0.9%

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23/09/2016 13:20 WIB

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Public Bank Credit Reaches Rp 4,200 Trillion, Then Decreases by 0.9%

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The disbursement of credit by general banks in Indonesia reached Rp 4,160 trillion (data as of July 2016). According to the Financial Services Authority (OJK)'s monthly statistics, this July's realization decreased by 0.9 percent compared to June's Rp 4,200 trillion. This is not the first time; previously, the sharpest decline in credit disbursement occurred in January 2016, at 1.9 percent.

According to Bank Indonesia, this credit decline is inseparable from the slowing global economic growth, which has been revised three times. For banking circles, this condition further increases the level of caution in disbursing credit.

"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."