Credit Grows Slowly in Processing Industry
Bank Indonesia (BI) data shows that working capital loan distribution to the processing industry has plummeted from 7.2 percent in September to 3.8 percent in October
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A worker makes containers in Cawang, East Jakarta, Thursday (14/11/2019). The government will reduce the business credit interest rate from 7 percent to 6 percent by 2020.
JAKARTA, KOMPAS – Bank loan growth in Indonesia has slowed from 8 percent per annum in September 2019 to 6.6 percent in October 2019. The slowdown trend began in October 2018.
Bank Indonesia (BI) data shows that working capital loan distribution to the processing industry has plummeted from 7.2 percent in September to 3.8 percent in October. In total, the working capital loan rate, which grew 6.1 percent in September, only grew 4.1 percent in October. Investment loan growth has also slowed from 13 percent to 11.4 percent.