PT Bank Danamon Indonesia will disburse Rp15 trillion (US$1.66m) in new credits this year or a 52 per cent increase from last year.
Its vice president Emirsyah Satar said most of the credits will be offered to small- and medium-sized enterprises (SMEs) and cottage businesses.
The bank will open 609 new branches all over the country to support its retail credit expansion programme opening new jobs for 6,800 people, Satar told legislators in a meeting.
At present the bank has 746 branch offices with 2.4 million customers.
Satar said Bank Danamon is the second largest operating in the eastern part of the country.
Source: Asia Pulse
