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Bisnis.com JAKARTA – The implementation of the loan-to-value ratio relaxation ratio (LTV) is expected to boost mortgage growth from 13% to 14% this year.
The deputy governor of BI, Erwin Rijanto, said the mortgage performance of banks should reach double digits by looking at the economic moment that is still in the period of improvement and the need for (19659002) "The macroprudential policy for the real estate sector that we are taking to encourage credit growth that has begun to grow more than 10% year-to-year but for to date is still d & # 39; 39, about 2% ". press conference in Jakarta, Friday (29/6/2018).
According to data from Indonesian banking statistics published by the Financial Services Authority, mortgages increased by 11.4% year-on-year in the first quarter of 2018, with a ratio of unproductive loans of 2.6 %
. , 9% from Rp 353.6 trillion end 2016 to Rp 392.9 trillion in December 2017.
This policy will come into effect on August 1, 2018 with a number of conditions
Promulgation of this policy is limited to banks with a net NPL ratio below 5% and the net ratio of NPLs in the real estate sector is less than 5%. The LTV is only valid for the purchase of the first house
The Bank will also be authorized to determine the amount of the LTV ratio already exonerated by BI on the purchase of first and second residences of less than 21 square meters
. Warjiyo said that the bank still needs to pay attention to the prudential aspect in the process of financing real estate property.
"Especially in the implementation [KPR] the bank is obliged to pay attention to the debtor's repayment capacity. ", Said Perry.
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