Indonesia sees 40 per cent growth in SBL
30 March 2011 Jakarta
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Â鶹´«Ã½ lending and borrowing transactions have increased by over 40 per cent since the start of the year compared to the same period in 2010.
Transaction values reached 345.35 billion rupiahs ($39.71 million) compared to 251.55 billion rupiahs in the months up to the third week of March.
Mr Hoesen, chief director of the Indonesian Clearing and Guarantee Corporation, said that the data reflects a higher stock price compared to last year. He said that the transaction value increase is reasonable. "The transaction period is not too long, only one day, and it is only to anticipate investors' requirements," he added.
Transaction values reached 345.35 billion rupiahs ($39.71 million) compared to 251.55 billion rupiahs in the months up to the third week of March.
Mr Hoesen, chief director of the Indonesian Clearing and Guarantee Corporation, said that the data reflects a higher stock price compared to last year. He said that the transaction value increase is reasonable. "The transaction period is not too long, only one day, and it is only to anticipate investors' requirements," he added.
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