UPDATE 1-Indonesia's BRI sees H1 loan growth at 20-25 pct

Related Topics

Thu May 20, 2010 2:16am EDT

(Adds details)

JAKARTA May 20 (Reuters) - Indonesia's second-biggest lender, Bank Rakyat Indonesia (BRI) (BBRI.JK), said on Thursday it expects loan growth of 20-25 percent in the first half of this year. compared to a year ago.

The latest data from Indonesia's central bank shows loan growth for the domestic banking industry in April of 14.5 percent year-on-year. [ID:nJAK127788]

"Loan growth is expected at around 20-25 percent in the first half," BRI's president director, Sofyan Basir, told reporters.

Analysts expect loan growth in the country's banking industry to remain healthy this year on the back of low interest rates.

The policy interest rate BIPG is at a record low of 6.5 percent. (Reporting by Dicky Kristanto; Writing by Gde Anugrah Arka; Editing by Sara Webb)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.