JAKARTA, Dec. 18 (Xinhua) -- Bank lending growth in Indonesia reached 10.79 percent year-on-year in November, according to a press release from Bank Indonesia on Wednesday.

The November lending growth was driven by both supply and demand factors. Investment credit recorded the highest growth at 13.77 percent, followed by consumption credit at 10.94 percent and working capital credit at 8.92 percent.

For the full year, bank loans are expected to expand within the 10-12 percent range and are projected to grow between 11 percent and 13 percent next year.

Bank Indonesia continues to promote faster credit growth to support economic expansion. On the supply side, the banking sector's capital adequacy ratio reached 27.02 percent in October, effectively absorbing risks and bolstering credit growth. Meanwhile, non-performing loans remained low in October, at 2.20 percent (gross) and 0.77 percent (net).

Bank Indonesia maintained its benchmark interest rate at 6 percent on Wednesday, balancing global economic challenges that drive capital outflows with the government's efforts to boost economic growth. Enditem

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