Credit growth in October 2022 stood at 11.95% (yoy), boosted by broad-based increases across all loan types and all economic sectors (Graph 9.a). Working capital loans grew by 11.90%, while investment loans and consumption loans grew by 15.47% and 8.79% respectively. Intermediation in the sharia banking industry also continues to recover, with financing growth of 18.4% (yoy) in October 2022.
On the supply side, a stronger intermediation function was supported by lending standards that  remain loose in the banking industry given the improving appetite to disburse loans, primarily to the manufacturing industry, construction, trade, and agriculture sector (Graph 9.b). On the demand side, an ongoing corporate and household sector recovery is driving intermediation.