"Given the good economic outlook, we predict the banking credits and financing will grow by 12 to 14 percent, fueled by third party fund placement which will grow by 13 to 15 percent," Bank Indonesia Governor Agus Martowardojo said.Jakarta (ANTARA News) - Bank Indonesia (BI) has predicted that the credit growth will reach 12-14 percent next year, up slightly from 11-13 percent expected for this year.
Bank credits volume will increase as a result of the improvement in the domestic economy in 2016 which will allow the economic growth to reach 5.2-5.6 percent, Bank Indonesia Governor Agus Martowardojo said at the Annual Meeting of Bank Indonesia 2015 at the Jakarta Convention Center on Tuesday night.
"Given the good economic outlook, we predict the banking credits and financing will grow by 12 to 14 percent, fueled by third party fund placement which will grow by 13 to 15 percent," he said.
The economic growth next year will still rely on strong domestic demand, particularly from the investment side, as the global economy has not recovered significantly, he said.
The wide range of global challenges does not necessarily mean that the prospect for the economy will be gloomy, he said.
"There are at least four domestic forces that must make us optimistic about the future," he said.
The first force is the series of government steps taken to address a variety of structural hindrances. These will serve as basic assets to make the national economy more competitive, he said.
The second is that in 15 years time, Indonesia will still be in a productive age which will continue to expand persistently to support economic growth, he said.
The third strong point is that Indonesia has entered an era in which political life in the free and open democracy world has worked hand in hand with positive economic progress, he said.
The fourth strong point is that discipline in the management of macro economy has served as the basis to maintain economic stability, he said.(*)
Editor: Heru Purwanto
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