Bank Loan Growth Ratio Plummeted 1.2% in the First Half of 2020

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Cindy Mutia Annur 14/10/2020 07:00 WIB

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The Financial Services Authority noted that the growth ratio of bank loans in the first half of 2020 plummeted by 1.2%.

Growth of Indonesian Banking Loan Ratio (Semester 1 2019 & 2020)

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Growth of Indonesian Banking Loan Ratio (Semester 1 2019 & 2020)

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The Financial Services Authority (OJK) recorded a 1.2% plunge in banking loan growth ratio in the first half of 2020 compared to the same period last year. Last year, the loan growth ratio reached 3.3%.

In 2019, the banking loan growth ratio reached 6.1% compared to the previous year. Meanwhile, in 2018, the growth ratio reached 11.8%.

Editor : Muhammad Ahsan Ridhoi

"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."