REPUBLIKA.CO.ID, JAKARTA -- State owned Bank Mandiri seeks credit growth of 16 to 18 percent for this year, below 22 percent in the last year. Bank Mandiri Finance Director, Pahala Mansury said that it was caused high benchmark of interest rates until the first half of the year.

"Credit growth will slow slightly in 2014 compared to 2013," Mansury said on Monday.

Mansury estimated that Bank Indonesia's interest rates would be adjusted in second half of the year. Some lending policies also make Bank Mandiri a little bit tighter and more selective than last year.

He predicted that lending for micro and small enterprises sector would remain high over 20 percent, while corporate lending would be in range of 12-15 percent.

Mansury said that there had been no increase in nonperforming loan (NPL) caused by BI rate. NPL of Bank Mandiri is still below 1.7 percent.

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