Stronger Financial Sector as Compared to 1998 and 2008 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Stronger Financial Sector as Compared to 1998 and 2008
Thursday, 2 April 2020
Indonesia’s banking industry is more robust than in the previous crisis as the Capital Adequacy Ratio/CAR is recorded at 23% and default loan in normal threshold. Moreover, the government has provided additional funding of Rp150 trillion in the 2020 State Budget as a cushion for the financial industry and default credit issues from the weakening economy due to the Covid-19.
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