Through IPEX 2017, BTN Bank Expects New KPR Capture of Rp 5 Trillion

By : Abraham Sihombing And Aldo Bella Putra | Monday, August 14 2017 - 18:20 IWST

5166
5166

INDUSTRY.co.id - Jakarta - PT Bank Tabungan Negara Tbk (BBTN), or Bank BTN, held an exhibition titled Indonesia Ekspo Property (IPEX) 2017. In the exhibition, Bank BTN which presents 900 housing projects is expected to achieve a new mortgage loan worth Rp 5 trillion.

The implementation of IPEX 2017 is an effort to provide facilities for the public to have a house, especially in the framework of the One Million House Program. Through this exhibition, Bank BTN is expected to increase the distribution of KPR so that it can encourage the increase in market share, said Maryono, President Director of Bank BTN, on the sidelines of the opening of IPEX 2017 at the Jakarta Convention Center (JCC), Friday (11/08/2017).

Maryono said, IPEX exhibition was held in line with the commitment of Bank BTN which became the main integrator of One Million House Program. Through this exhibition, the people of Indonesia, especially in Jabodetabek, can more easily choose and have a home. With the various facilities offered at this housing exhibition, Bank BTN management is confident it will gain a new mortgage loan (KPR) of up to Rp5 trillion.

Maryono explained, through this exhibition, Bank BTN is optimistic to achieve the target of KPR growth between 21-23% in 2017 compared to the previous year. In 2019, Bank BTN also targets a market share of KPR in Indonesia up to 40%.

On a consolidated basis, Bank BTN's mortgage per June 2017 rose 19.13% to Rp127.49 trillion compared to the same period in 2016 of Rp107.02 trillion. Most of the growth of Bank BTN mortgages is contributed by the increase in the distribution of subsidized KPR by 28.34% from Rp49.86 trillion to Rp63, 99 trillion.

Meanwhile, non-subsidized KPR disbursement grew 11.09% to Rp63.49 trillion by the end of June 2017 compared to Rp57.15 trillions until the end of June 2016. With this performance, Bank BTN's mortgage market in Indonesia until the end of March 2017 Reached 35.4%.

IPEX this year is also held in commemoration of National Housing Day (HAPERNAS). The warning initiated by the Ministry of Public Works and People's Housing (PUPeRa) has been declared with stakeholders in the housing sector since 2008, said Maryono.

Maryono said, the government is very serious to make Hapernas which is commemorated every year on August 25 as a momentum to build public housing. In line with the warning, Bank BTN in the IPEX also performs credit agreement simultaneously for 1,000 members of the Police and the general public throughout Indonesia.

In the exhibition which took place on 11-20 August 2017, Bank BTN offers 5% fixed mortgage interest for 1 year and 6.5% fixed for 3 years with an advance of 5% of house price and approved within 1 hour and give A 20% discount for life insurance premiums.

At the exhibition expected to be visited by 300,000 visitors, Bank BTN also offers Bundling KPR facilities for motor vehicle and furniture for home contents and other attractive promo programs. Bank BTN also provides a discount for administrative costs of 50%, 5% interest during the loan period, and a 1% down payment for subsidized KPR program. (Abraham Sihombing)

News Comment

Today's Industry

PT Surya Esa Perkasa Tbk. (ESSA: IJ)

Selasa, 26 September 2023 - 07:45 WIB

ESSA Secures Gas Contract Extension for LPG Refinery

PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

(kiri-kanan) Cahyo (operations manager PT Eco Paper Indonesia), Kuswara ( Direktur ALDO), Herwanto Sutanto (Presdir ALDO), dan Herlambang Putra Sujadi (Direktur PT Eco Paper Indonesia)

Selasa, 26 September 2023 - 06:45 WIB

ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production

PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…