August 23, 2017 / 10:08 AM / 3 months ago

Indonesia July loan growth picks up to 8.2 pct y/y - regulator

JAKARTA, Aug 23 (Reuters) - Indonesian bank loans in July grew 8.2 percent from a year earlier, the country’s financial service regulator said in a statement on Wednesday, faster than the pace in June.

Loans grew by 7.8 percent in June.

The gross non-performing loan ratio edged higher in July to 3 percent from 2.96 percent a month earlier.

Indonesia’s central bank on Tuesday cut its outlook for 2017 loan growth to 8-10 percent, from 10-12 percent previously. (Reporting by Gayatri Suroyo; Editing by Jacqueline Wong)

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