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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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