{
    "success": true,
    "data": {
        "id": 1124479,
        "msgid": "bca-expects-lending-growth-to-slow-1447893297",
        "date": "2005-11-26 00:00:00",
        "title": "BCA expects lending growth to slow",
        "author": null,
        "source": "BLOOMBERG",
        "tags": null,
        "topic": null,
        "summary": "BCA expects lending growth to slow JAKARTA: PT Bank Central Asia (BCA), Indonesia's largest bank by market value, said lending growth was expected to slow next year because of higher borrowing costs. The company expects to lend between Rp 8 trillion (US$794 million) and Rp 10 trillion next year, down from more than Rp 11 trillion this year, chief financial officer Jahja Setiaatmadja said in Jakarta on Friday.",
        "content": "<p>BCA expects lending growth to slow<\/p>\n<p>JAKARTA: PT Bank Central Asia (BCA), Indonesia&apos;s largest bank<br>\nby market value, said lending growth was expected to slow next<br>\nyear because of higher borrowing costs.<\/p>\n<p>The company expects to lend between Rp 8 trillion (US$794<br>\nmillion) and Rp 10 trillion next year, down from more than Rp 11<br>\ntrillion this year, chief financial officer Jahja Setiaatmadja<br>\nsaid in Jakarta on Friday.<\/p>\n<p>Bank Indonesia, the central bank, has raised its benchmark<br>\nrate five times since July to curb inflation, which surged to a<br>\nsix-year high in October, after President Susilo Bambang<br>\nYudhoyono&apos;s government more than doubled fuel prices. Higher<br>\nborrowing costs may lead to slower demand for cars and mortgages,<br>\nhurting earnings at lenders.<\/p>\n<p>BCA, 51.2 percent owned by San Francisco-based hedge fund<br>\nFarallon Capital Management LLC, on Oct. 24 said profit for the<br>\nnine months to Sept. 30 rose 12.4 percent to Rp 2.63 trillion as<br>\nit boosted lending. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bca-expects-lending-growth-to-slow-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}