Foreign Banks Contribute 50 Pct of Private Debts in Indonesia
http://dervishcom.blogspot.com/2011/11/foreign-banks-contribute-50-pct-of.html
Foreign banks operating in Indonesia contribute around 50 percent of private debts reaching US$100 billion.
The head of research of the Indonesia Stock Exchange, Poltak Hotradero, said at a workshop for journalists here on Wednesday private debts reached around US$100 billion while public debts totaled US$130 billion.
He said the central bank and foreign banks contributed around 50 percent of total private debts. Meanwhile commercial debts held by foreign banks that would mature in more than five years reach 64.57 percent while the rest would mature in less than five years.
As to Indonesia’s economic conditions with regard to the country’s foreign debts and current conditions in the world trade, Poltak said the situation now is better than in 2008 (when crisis hit the country) in terms of foreign exchange reserves, public debt profile and other micro-economic figures.
"However, it is not impossible for a slowdown in national economy to happen in line with global economic slowdown that affects growth in main partners such as Japan, the US and Singapore."
The head of research of the Indonesia Stock Exchange, Poltak Hotradero, said at a workshop for journalists here on Wednesday private debts reached around US$100 billion while public debts totaled US$130 billion.
He said the central bank and foreign banks contributed around 50 percent of total private debts. Meanwhile commercial debts held by foreign banks that would mature in more than five years reach 64.57 percent while the rest would mature in less than five years.
As to Indonesia’s economic conditions with regard to the country’s foreign debts and current conditions in the world trade, Poltak said the situation now is better than in 2008 (when crisis hit the country) in terms of foreign exchange reserves, public debt profile and other micro-economic figures.
"However, it is not impossible for a slowdown in national economy to happen in line with global economic slowdown that affects growth in main partners such as Japan, the US and Singapore."
