There is relaxation, banks think that mortgage goals can be achieved

KONTAN.CO.ID – JAKARTA. Following the announcement by Bank Indonesia (IB) of loosening loan rules to value for home loans, the banking sector is optimistic about the goal of disbursing mortgage loans in 2018.

Agusman Zainal, head of the BI policy department will be sensed by banks that have a low nonperforming loan ratio. "It's certainly in the context of caution," said Agusman.

Budi Armanto, Deputy Commissioner for Banking and Financial Services (OJK), added that this policy of relaxation vis-à-vis the LTV will be felt by almost all Indonesian banks in the distribution of KUR. Unfortunately, Budi did not specify how many banks would actually benefit.

Division of Consumer Credit PT Bank Central Asia Tbk (BCA) Felicia Mathelda Simon said that BCA is still waiting for detailed regulation on LTV relaxation. Because in the official announcement of BI on Friday contains only the elements of the policy.

"The detailed rules will be set out in the regulations of the Bank of Indonesia (PBI) We are still waiting for the BI regulation.This year 2018, BCA mortgage growth target of 10-12% .Another on the runway, " says Felicia.

In order to achieve these goals, BCA offers a variety of exciting programs. In addition, it will also maintain the ease and speed of the KPR distribution process. "BCA's extensive network of branches, development partners and brokers will make it easier for customers to vote and buy homes," said Felicia.

Not to be outdone, PT Bank Tabungan Negara Tbk (BTN) still expects mortgage growth (KPR) of 23% until the end of the year. "It's pretty high because it's still above industry growth, but with LTV's laxity by BI, we believe it's still achievable so that it's not a big deal." There is no revision of the target, "Budi Satria told Kontan.co.id. In May 208, BTN loans reached Rp 189.68 billion, an annual growth of 19.89%.

Lani Darmawan, director of PT Bank's CIMB Niaga Tbk Consumer Affairs (CIMB Niaga), is also convinced that LTV relaxation can encourage the growth of the bank mortgage. "It should be understood, however, that the application of LTV may be different for each appetite for risk depending on the credit badysis," Lani added.

Lani said, the current growth of the mortgage CIMB Niaga already 10%. The bank wants to keep the rate of credit growth so important by the end of the year.

BANK OF CREDIT