FSA Reveals Reasons Credit Slowdown

The Financial Services Authority (FSA) noted, slowing growth and credit per July 2015. According to the Chairman of the Board of Commissioners FSA Hadad Hadad, credit growth can actually be seen with the use of credit amount. Only, which tumbled more credit due to the low value of foreign currency loans.
Credit growth in July to 12.5 percent Rupiah yera on year (yoy). Higher than last year, only 10.7 percent. But that made it down is a negative foreign exchange. This picture is quite important, he said in Dhanapala Building, Ministry of Finance, Jakarta, Tuesday (09/27/2016).
However, despite the slowdown in credit, there are some sectors which experienced growth. Among these are increased due to the JCI tax amnesty.
This year Indonesia’s economic recovery. Q2 real sector is still growing. Intermediation of financial services to grow positively. But there is still slowed as asset DPK. But we are happy because of increased domestic activity is focused on the local economy, obviously Hadad.
But today the index continues to rise. Likewise, non-bank economic performance. Of course, this gives a positive thing for our economy, he added.
To that end, the FSA will improve the deepening of financial markets in Indonesia. Targeted, this may strengthen the position of the financial markets so that credit slowdown will not be much affected by the performance of banks.
We will continue to undertake all efforts to start deepening the market, product implementation and good governance, he concluded.

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