OJK Puts Too Much Optimism Towards Banking Sector

Summary

Financial sector performance in 2020 is expected to improve, although downside risks from the global economic slowdown and geopolitical tension are still overshadowing the growth. Optimism about the improvement in the banking sector is reflected in the targeted credit expansion, which is set at 10 percent, Chief Commissioner of Financial Services Authority (OJK) Wimboh Santoso stated during the Annual Meeting of the Financial Services Industry on Thursday (1/16).

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