JAKARTA May 18 Loans extended by Indonesian
banks grew 9.2 percent in March from a year earlier,
accelerating from February's 8.6 percent pace, the central bank
said on Thursday.
The banking industry's ratio of non-performing loans fell in
March to 3.00 percent of outstanding credits from 3.2 percent
the previous month, Bank Indonesia (BI) said.
BI Governor Agus Martowardojo described the acceleration as
still not optimal considering the central bank's past monetary
easing, which includes six benchmark rate cuts by a total of 150
basis points in 2016.
At a policy meeting that ended on Thursday, BI kept its
benchmark interest rate unchanged at 4.75 percent,
its level since October.
(Reporting by Nilufar Rizki and Hidayat Setiaji; Writing by
Gayatri Suroyo; Editing by Richard Borsuk)