Bank Panin targets eyes 25 % lending growth

PT Bank Pan Indonesia is eyeing a 25 per cent growth from its 2010 lending total of US$6.2 billion.

Bank Panin retail director Ken Ng explained that retail lending would account for 67 per cent of the total with the rest going to small and medium enterprises and corporations.

Interest rates will range from 10.5 to 11 percent for retail loans and 11 percent for small and medium enterprises, he said as quoted by kontan.co.id.

Ng emphasized that Bank Panin's interest rates are competitive with other banks.