BTN Increases Rp5 Trillion in New Loans

INDUSTRY.co.id - Jakarta - PT Bank Tabungan Negara (Persero) Tbk is eyeing a new credit worth Rp 5 trillion from the annual property exhibition title, Indonesia Property Expo (IPEX) 2017, which presents nearly 900 housing projects.

This was stated during the exhibition which was opened by President Joko Widodo and attended by Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono and Minister of State Owned Enterprises (SOE) Rini M. Soemarno at Jakarta Convention Center (JCC), Jakarta, Friday (11/8/2017)

Maryono said that the 2017 IPEX event will be the effort of the company to make it easier for the community to own the house, especially in order to succeed One Million House Program. This exhibition, he added, also became the step of Bank BTN to increase the distribution of the mortgage company so it can hoist up market share.

"This IPEX exhibition is held in line with our commitment to become the main integrator of the One Million House Program Through this housing exhibition, Indonesian people, especially in Jabodetabek, can more easily choose and own a house, with the various facilities we offer, we believe can record potential new loans Rp5 trillion from this exhibition, "said Maryono to the media crew.

Through the exhibition and various efforts made by Bank BTN, Maryono is optimistic that his party can achieve the target target company. By the end of 2017, BBTN-coded stock issuers are aiming for growth in mortgages at 21-23 percent year-on-year (year-on-year / yoy). In 2019, the company also targets to register the market share of mortgages rose to the level of 40 percent.

In total, at the end of June 2017, Bank BTN's mortgage grew at 19.13 percent (yoy) to Rp127.49 trillion from Rp107.02 trillion in June 2016. The increase in KPR subsidy distribution was the largest contributor to BTN's housing loan growth. June 2017, subsidized mortgage Bank BTN rose 28.34 percent (yoy) from Rp49, 86 trillion to Rp63, 99 trillion.

The increase was also observed in a non-subsidized KPR that grew 11.09 percent (yoy) from Rp57.15 trillion in the second quarter-2016 to Rp63.49 trillion in the same period this year. Then, with the performance of the distribution, Bank BTN is now still leading the KPR market share of 35.4 percent as of March 31, 2017.

Meanwhile, Maryono added IPEX this time also held in order to commemorate National Housing Day (HAPERNAS). The warning initiated by the Pupera Ministry, has been declared with stakeholders in housing since 2008.

The government also seriously make Hapernas which is commemorated every August 25 as a momentum in building people's homes. In line with the warning, the IPEX is also simultaneous credit agreement involving 1,000 members of the Police and the general public throughout Indonesia.

In the exhibition which took place from August 11 until August 20, 2017, the Bank BTN also offers several conveniences. Among these, for non-subsidized KPR, the company offers mortgage interest of 5 percent fixed 1 year and 6.5 percent fixed 3 years, DP starting from 5 percent, one hour approval, and discount up to 20 percent for life insurance premium.

In IPEX 2017 also offered Bundling mortgage facility for motor vehicle and furniture for home contents and other attractive promo programs. Bank BTN also provides a 50 percent administrative fee discount, 5 percent interest during the credit period, and down payment (1 percent) down payment for Subsidiary KPR program.

Maryono said it was targeting 300,000 event visitors that lasted for 10 days. IPEX 2017 does not only show the developers, but also the building material company. The plan will be 300 small, medium and large developers who follow this event.