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Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC

Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC – Business

Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC – Business
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Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC – Business

Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC – Business
ipsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipsnews.net Daily Mail and Mail on Sunday newspapers.

Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC

Retail Banking Market Experience a Tremendous Growth in Near Future | BNP Paribas, Citigroup, HSBC, ICBC
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2021 Indonesia Retail Banking Market Report- Growth Opportunities and Risks | Julo, Danabijak, Tunaikita – KSU

Tunaikita Indonesia’s total of outstanding loan balances (including residential mortgage balances outstanding, personal loan balances and credit card balances) recorded a compound annual growth rate (CAGR) of 8.3% during the review period (2014-2018), reaching IDR$2,750.5tn ($191.18bn). The majority of loan balances outstanding are from personal loans; personal loan balances outstanding accounted for 79.2% of total balances in 2018, followed by home loans (17.8%) and credit cards (3%). The mortgage loans market was the fastest-growing market during the review period. The Indonesian lending space is dominated by Bank Central Asia (BCA), Bank Mandiri, Bank Tabungan Negara and Bank Rakyat. In the coming years, GlobalData expects the consumer lending market to grow at a slower pace due to economic headwinds.

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