Our credit distribution has reached Rp5.4 trillion until June."Jakarta (ANTARA News) - PT Bank Mestika Dharma Tbk.(BBMD) is optimistic its credit growth would meet the target despite recent central bank`s statement that economy would slowdown to 5.8 to 6.2 percent.
"Our credit distribution has reached Rp5.4 trillion until June," the bank`s president director, Achmad S Kartasasmita, said after the company`s public listing at the Indonesia Stock Exchange here on Monday.
He said the bank has set a target of distributing credits up to Rp6.2 trillion this year which is up 21.5 percent from the previous year.
In the first semester this year its corporate credits grew 13 percent compared to the same period last year.
He admitted the bank would focus on distributing credits to micro, small and medium businesses (UKM). Around 30 percent of the bank`s credits would be channeled to UKM businesses while the rest to retail and consumer businesses and corporations, he added.
Indonesia`s central bank has revised the country`s economic growth target down from 5.9 to 6.3 percent by the end of the year to to 5.8 to 6.2 percent.
The bank`s governor, Agus Martowardojo, said the country`s economic growth is expected to be lower than initially expected.
"Based on Bank Indonesia`s studies economy would grow only 5.8 to 6.2 percent this year," he said.
He said the trend could be seen from the the decline in investment contribution to only 6.3 to 6.7 percent from 9.8 percent last year.
(Reporting by Zubi Mahrofi/Uu.H-YH/F001)
Editor: Priyambodo RH
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