Indonesia’s banks stronger and more diversified - OBG

Indonesia’s banks stronger and more diversified

After several years of strong credit growth in Indonesia, recent interest rate increases are expected to slow lending, allowing banks to take stock and reducing the risk of exposure to bad loans.
Ratings agency Fitch has said that Indonesia’s 50-basis-point hike in interest rates on July 11 will boost the stability of the banking sector, helping decelerate lending at a time when economic growth is slowing. The rise came after a 25-point increase the previous month, ... Read more.

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