Banking - Credit grows 8.43% yoy in May25

Banking - Credit grows 8.43% yoy in May25 In May 2025, bank credit grew by 8.43% yoy. Total TPF growth slowed to 4.29% yoy in May 2025, down from 5.51% in January 2025. Credit by usage groups: investment credit: 13.74% yoy, consumption loan 8.82% yoy, working capital loan 4.94% yoy, sharia financing 9.19% yoy and MSME loan 2.17% yoy. (Source : Bisnis Indonesia) Comment : Overall, the May 2025 banking performance report reflects a prudent and adaptive approach by both Bank Indonesia and commercial banks in navigating current economic conditions. The focus on enhancing the role of bank credit in economic growth remains paramount, requiring continuous monitoring and targeted interventions. Maintain overweight stance on banking sector with stock picks BBCA>BRIS>BMRI.