Jakarta (Antara) - Growth in bank credit slowed in October to 22.3 percent from 23.1 percent in September. "We believe the slower growth in bank credit is in line with economic growth, which has slowed because of an increase in the interest rate," Bank Indonesia's executive director of the communications department, Difi A. Johansyah, said at a press conference here on Thursday. Nevertheless, banks remain resilient, he added. He noted that the capital adequacy ratio among banks remains high at 18.4 percent, far higher than the minimum required level of eight percent. The ratio of non-performing loans was also low at 1.91 percent in October. "The stability of the financial system has been maintained, supported by a strong banking industry," he added. Difi said Bank Indonesia would continue monitoring the financial system's stability, including the resiliency of banks, to ensure it remains strong and supports the adjustment towards more balanced economic growth. (*)

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Editor : Tunggul Susilo


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