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Indonesia's November loan growth slows to 11.9% y-o-y

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Indonesia's loan growth in November slowed to 11.9 per cent from a year earlier, compared with 12.6 per cent in October, the financial services authority said on Monday.

[JAKARTA] Indonesia's loan growth in November slowed to 11.9 per cent from a year earlier, compared with 12.6 per cent in October, the financial services authority said on Monday.

Central bank estimated loan growth at 11 to 12 per cent in 2014, but see a pick up to 15-17 per cent this year amid better economic conditions.

Broad money supply (M2) in November rose 12.7 per cent year-on-year, compared with 12.5 per cent in October.

REUTERS

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