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Jakarta Post

Private lenders expect solid loan growth

  • Winny Tang

    The Jakarta Post

Jakarta   /   Thu, March 14 2019   /  03:10 am

Two major private lenders, Panin Bank and Standard Chartered Bank Indonesia, expect solid growth in their loan business this year.Publicly listed Panin Bank sees growth in its loan segment at 8 to 9 percent, driven by the commercial segment.“We are just being realistic, because investors tend to take a wait-and-see approach during political years,” said president director Herwidayatmo in Jakarta recently, referring to the upcoming elections on April 17.Panin Bank’s loan growth target for 2019 is similar to last year’s realization. The lender’s outstanding loans reached Rp 151.6 trillion (US$10.61 billion) in 2018, up 8.06 percent year-on-year (yoy).“We want every segment to contribute to our loan portfolio. However, so far, our biggest loan portfolio comes from the commercial segment, with a contribution of around 45 percent,” he said.This year, the bank plans to focus on a...