Indonesian central bank

BI: Bank credit grows 26 percent

REPUBLIKA.CO.ID, BANDUNG - Bank credit grew 26 percent in April year-on-year (yoy), beating earlier estimates of 23-24 percent. Indonesian central bank (BI) deputy governor, Halim Alamsyah, said on Monday that such growth indicated that the domestic economy was doing well. "The growth is driven more by credits for working capital and investment, while consumption credits are slowing. This is healthy. It...