Indonesia's banking sector continued a strong performance while moving into the year's third quarter, despite a slight backslide in lending by several banks and a possible rise in bad consumer loans.
In terms of lending, the country's banks added another 21.2 trillion rupiah (2.3 billion US dollars) to their total loan portfolios in August, English daily The Jakarta Post reported Tuesday, quoting the latest data from the central bank.
Adding to July's figures, total lending rose 21.79 percent to 935.8 trillion rupiah (105.2 billion dollars) from the same period last year.
Savings and deposits, meanwhile, also grew in August by another 13.4 trillion rupiah (1.5 billion dollars) to reach a total 1,392. 6 trillion rupiah (153.5 billion dollars) during the first eight months of 2007.
Consequently, the banking sector's loan-to-deposit (LDR) ratio rose to 67.3 percent -- the highest since the 1997 Asian financial crisis, the newspaper said.
Bank Indonesia, the central bank, also noted that the banking industry's gross non-performing loan (NPL) level declined slightly to 6.31 percent in August from 6.64 percent a month ago.
Source: Xinhua
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