"It is unlikely to differ much from the BI prediction," the Chief Executive of Supervision of the OJK, Nelson Tampubolon, said here on Tuesday.
He added that as each bank has different liquidity, the OJK will not set the same credit growth rate target for all.
"Banks have their respective calculations. Each bank has submitted its business plan (RBB) to be discussed with a supervisor. Their capability to manage third-party and other sources of funds will also be discussed," he stated.
Tampubolon further noted that banks need to maintain a balance between third-party funds and credit growth to ensure that it does not disturb the stability of their liquidity.
Besides predicting credit growth of 15 to 17 percent, BI also projected a 14 to 16 percent growth of third-party funds in 2015.
The target will be in line with the governments economic growth, which is expected to improve next year, BI affirmed.
The government has set a target of economic growth of 5.8 percent in 2015.
Furthermore, the chief economist of BTN savings bank A Prasetyantoko said that in 2015, neither economic nor credit growth will see maximal increase.
"They will both still be at relatively low limits, with credit growth of 15 percent and economic growth of 5.5 percent," he stated.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
