Thursday, 24 July 2008

BI to issue six banking policies this month

The central bank, Bank Indonesia (BI), is scheduled to issue a package of six banking policies later this month to give commercial banks a leeway in extending loans. The package of banking policies was necessary for the banking industry to face current pressures on the Indonesian economy, Bank Indonesia Deputy Governor Muliaman D Hadad said in a press conference here on Tuesday. "It is important to give banks a leeway in extending their loans amidst the current pressures (on the Indonesian economy)," he said. He expressed hope the policies would boost the national banks to increase the amount of their loans despite global economic pressures. The policies concern among others the reduction of weighted risk in the calculation of risk-weighted assets for small business loans to boost banking loans for small businesses. (

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