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Jakarta Post

Bank lending on the rise, another sign of recovery

  • Aditya Suharmoko

    The Jakarta Post

Jakarta   /   Sat, June 20 2009   /  11:29 am

Rupiah lending has continued to grow up to the end of April, following a rising trend in the previous two months after slumping in January when the impact of the global credit crunch was still hitting home. Total rupiah lending outstanding rose by over Rp 14 trillion (about US$1.32 billion) in April from March to reach Rp 1,074.6 trillion (US$166.87 billion), central bank data shows.
This follows positive trends in the previous two months when outstanding rupiah lending increased by around Rp 8 trillion in February and Rp 18 trillion in March.
Bank Danamon economist Helmi Arman said on Friday the figures were encouraging, in particular when taking into account that loans outstanding declined in January from December, meaning that the amount of loans redeemed in the period outpaced that of new loans.
Rupiah loan outstanding reached Rp 1,033.38 tr...