Indonesia's bank loans grows 14% in Q1

13:06, May 10, 2010      

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The loans that have been channeled by Indonesian banks in the first four months this year reached 1, 477.43 trillion rupiah (about 161.8 billion U.S. dollars), or 14 percent higher from 1,297.64 trillion rupiah (about 142.1 billion U.S. dollars) in the corresponding period last year, local media reported here on Monday.

The increasing bank loan figures indicate that investment in real sector started to recover in the first quarter this year, according to Research and Banking Regulation Director at the Indonesian central bank (BI) Halim Alamsyah.

Sectors that received the most loans in that period were the industrial, trade, service, energy, gas, construction, agriculture and transportation.

The increasing loans in construction and agriculture sectors helped the country's efforts to ease down the unemployment rate and increased the people's income, Halim added.

According to the data issued by the BI, the actual loans received by debtors in the country during the first four months this year increased by 39.5 trillion rupiah (about 4.3 billion U.S. dollars) if compared to it was in the same period last year.

It indicates positive growth cycle in the beginning of the year that used to be negative, the Bisnis Indonesia reported.

The BI official said that it was a good sign that incite optimism among domestic banks to comply with 24 percent loan growth estimation this year worth 340 trillion rupiah (about 37.2 billion U.S. dollars).



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