BNI mortgages increase enormously
(13 April 2012 – Indonesia) Bank Negara Indonesia (BNI) collected up to RP1.8 trillion or (A$191 million) in new mortgages in the first three months of 2012.
"Our outstanding mortgage is now at RP19.8 trillion, increasing from RP18 trillion as of the end of last year. We are on the right track," said the Indonesian central bank’s consumer and retail director Darmadi Sutanto.
According to Darmadi, mortgage growth is supported by the bank’s policy of maintaining interest rates at about 9 percent on average. The bank is also giving mortgages with interest rates at 7 percent, which will be applicable for one year.
BNI’s mortgages grew by about 50 percent last year. The mortgage increase contributed to the bank’s 31 percent increase in consumer loans to about Rp 34 trillion in total. BNI is expecting that its mortgages will grow by 27 to 28 percent this year.
According to Darmadi, mortgage growth is supported by the bank’s policy of maintaining interest rates at about 9 percent on average. The bank is also giving mortgages with interest rates at 7 percent, which will be applicable for one year.
BNI’s mortgages grew by about 50 percent last year. The mortgage increase contributed to the bank’s 31 percent increase in consumer loans to about Rp 34 trillion in total. BNI is expecting that its mortgages will grow by 27 to 28 percent this year.
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