Digital Bank Businesspeople in Indonesia Target Double-Digit Credit Growth

JAKARTA - Several digital banks are setting their sights on double-digit credit growth by 2024, targeting potential segments. For instance, PT Bank Amar Indonesia Tbk, a digital bank focusing on the SME sector, aims for its total credit distribution this year to grow between 20% and 30% annually.

David Wirawan, SVP Finance of Bank Amar, stated that the main driver of Bank Amar's credit growth lies in the SME sector. In the first quarter of 2024, the credit portion to this sector reached 52% of the total credit of IDR 2.74 trillion, growing 14.60% YoY.

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