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Jakarta Post

Mega Bank plans 20% growth in 2009 loans

  • The Jakarta Post

Jakarta   /   Sat, December 27 2008   /  10:55 am

Bank Mega, publicly listed medium-sized lender, targets its bank lending to grow next year by up to 20 percent despite the forecast slowdown resulting from the global financial crisis. "We predict that credit growth in the first semester will be badly affected by the global economic downturn, but we will see improvement in the second," president director Yungky Setiawan said on Friday. According to Yungky, the bank will continue to focus on providing lending for small to medium enterprises which have contributed most to its growth in lending. As of the end of September 2008, the bank loan portfolio grew by 51.9 percent to Rp 19.3 trillion from around Rp 12.7 trillion a year earlier. "Our credit card achievement was quite satisfying," senior vice president Dony Oskaria said, underlining one of the main reasons behind continued high growth ...