onsistent with Indonesia's robust economic growth, the domestic banking industry continued to post significant gains in 2011. Total assets of banks in Indonesia stood at IDR 3,653tn as of December 2011, an increase of 21.4% y/y, while the asset quality remained strong over the same period. Total lending reached IDR 2,200tn in 2011, up 24.6% y/y. The increase occurred across all segments, both for working capital and consumption loans for both business and consumer lending.
On the funding side,...
Keep on reading: Indonesian banking industry projects steady growth
Keep on reading: Indonesian banking industry projects steady growth