Credit Growth in Q1 2008 Slowed Down

Credit Growth in Q1 2008 Slowed Down

New Credit growth demand for Q1 2008 had reach 70,4% for nett weight, this growth lower than same period in previous year that were 86,8%.

According to BI (Central Bank) Credit demand survey for Q1 2008, new credit demand increase stimulated by customer’s urgent need for business financing.

The major demand for new credit mostly for working capital credit and for consumer credit, major demand to automotive financing.

From sector category, the biggest credit demand comes from trade, hotel and restaurant.

From credit category, micro small credit between IDR 50-500 million had a bigger portion, followed with medium scale credit between IDR 500 million – IDR 5 billion on number two and third, big credit with amount over IDR 5 billion, before big credit had a biggest stake.

Banking survey carry out by BI quarterly toward private banks that headquarter in Jakarta which representing around 80% of total Indonesian credit.

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