Indonesia's Bank Mandiri still aiming for 10-20 pct loan growth for 2007
JAKARTA (Thomson Financial) - Indonesia's biggest lender PT Bank Mandiri said
Thursday it is still aiming for a 10-20 percent loan growth this year as it
anticipates higher loan demand in the second half.
As of end June, Bank Mandiri's outstanding loans amounted to 116.3 trillion
rupiah, up 7.9 percent from a year ago but lower compared to 117.7 trillion at
end-2006.
"With falling interest rates, we expect loans to grow faster in the second
half, especially loans to small and medium enterprises, plantations and the
infrastructure sectors," Bank Mandiri president Agus Martowardoyo told
reporters.
He said Bank Mandiri's loan commitment for infrastructure projects, for
example, currently amounts to 10.4 trillion rupiah, and the bank is just
waiting for the borrowers to draw down the loans.
(1 US dollar = 9,084 rupiah)
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alo/rk ab/zr MMMM RPV49-26Jul07 11:33 GMT
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