Within a year , Credit Banking is grew 22.2 % , slightly faster than the economy is slowing due to the withdrawal of bank credit facilities was the impact of exchange rate depreciation . Bank Indonesia ( BI ) recorded credit growth of 22.2 % to reach USD 3068.01 trillion as of August 2013 , compared Rp2510 , 65 trillion in August last year .
" Credit growth is mainly due to the withdrawal of credit from previous commitments , " said Agus DW BI governor Martowardojo , told reporters at the Bank Building , Jakarta , Tuesday, October 8, 2013 .
Moreover , he continued , rising credit growth in a year ( compared to 20.6 % as of June 2013 ) is influenced by the calculation of the weakening of the rupiah against the share of foreign currency lending banks .
" While the new credit commitments continue to decline . Looking ahead, the central bank said credit growth would slow due to higher interest rates , slowing domestic demand and macroprudential policies ditempul by BI . In 2013 , credit growth will still be in the range of 20 % , though it is still 22.2 % , " said Agus .
BI deputy governor Halim Alam added , the increase in credit growth is more due to technical issues where credit facilities have been approved previously withdrawn more quickly . According to him , of the total bank credit 14 % of it in the form of currency .
" From the effect of exchange rate so its worth riding . While the depreciation of the rupiah in setahunan 19-20 % . This when multiplied by ( the portion of the depreciation of the foreign currency loan ) means that approximately 2.8 % . If the credit growth of 22.2 % , from 2.8 % reduced rate , at least not without calculation we moderated credit growth rate to 20 % . Until the end of the year , our growth may be around it , " he explained .