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View all search resultsPrivate lender Bukopin eyes 12 percent credit growth this year
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A teller serves a customer at the sharia lender Bank Syariah Bukopin's head office in Central Jakarta. (JP/Dera Menra Sijabat)
Publicly listed lender Bank Bukopin is targeting 12 percent credit growth this year by jacking up loans for the retail sector.
This year, the bank will focus on disbursing small and medium enterprises, micro and consumer loans in the retail sector.
“In January, credit growth has reached 11 percent. We are confident that 12 percent credit growth this year is possible,” Bank Bukopin’s president director Glen Glenardi said on Thursday in Jakarta.
(Read also: Bukopin aims to boost positioning with premium credit card)
In the retail sector, the bank will focus on boosting loan disbursement in the trade and creative industry sectors. Meanwhile, the bank will temporarily stop disbursing loans for the automotive sector.
At present, 65 percent of Bukopin’s total credit comes from the retail sector, while the rest comes from the commercial sector.
In 2016, Bukopin recorded credit growth of about 9 percent. (bbn)
