OCBC Confident Credit To Grow 10-15 Percent

Jakarta, (Antara Sumbar) - Publicly traded lender PT. OCBC NISP Tbk said it was confident credits would grow higher in the last quarter of this year.

The bank President Parwati Surjaudaja expressed confidence credit would grow 10-15 percent year-on-year although credit demand was not up to expectation until the third quarter of this year.

"Until the end of 2017, OCBC credits are predicted to grow around 10-15 percent," Parwati said here on Tuesday.

In the third quarter of 2017, the bank which is controlled by a Singaporean parent company still managed a fairly strong growth of more than 10 percent.

Parwati attributed the good performance to growing demand for credits from the industrial and trade sectors. In the second quarter, 2017, OCBC outstanding credits grew 17 percent to Rp100.6 trillion.

However, she predicted that the growth in the whole of the year would not be up to the level as earlier expected.

According to an earlier survey by Bank Indonesia, demand for credit was expected to rise in the last quarter of this year after the cut in the lending rate.

The survey involved 41 respondents among commercial banks based in Jakarta, with credit share of 80 percent of the total credits of the country's commercial, banks.

The survey said bank credits are estimated to grow 10.6 percent this year. The target is still in line with revised credit growth target of the Central Bank at 8-10 percent . Earlier the target was 10-12 percent. (*)

Editor: Vicha Faradika