BRI projects drop in credit growth, net interest margins

PT Bank Rakyat Indonesia Tbk (BRI) expects lower credit growth in the banking industry this year and a drop in net interest margins amid a possible global recession. The state-owned lender estimates credit growth in the range of 6.39 to 7.74 percent, down from 8.91 to 11.14 percent in 2022, while it sees net interest margins around 6 percent, lower than the 7.7 to 7.9 percent expected for 2022.

January 25 2023, The Jakarta Post

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