Indonesia's economic growth is slowing , ready to respond to restrain lending outside the company's core business in mortgages ( mortgages ) and construction loans , for the construction of middle- segment houses down .
BTN ( Persero ) Tbk ( BTN ) credit growth target in the range of 21-23 % by the end of this year , in order to adjust to the slowing economy . Nevertheless, the bank's loan growth was 25.4% in a year in September .
" Loan growth is now 25.4 % . End of 21-23 % , "said Finance Director Saut Pardede BTN , when met reporters in SMF Graha , Jakarta , Tuesday, October 1, 2013 .
Thus , the total outstanding loan portfolio reached approximately Rp96 , 01 trillion as of the end of September 2013 , when it grew by 25.4 % compared to Rp76 , 57 trillion at the end of September 2012 . According to Saut , the last three months of this year , it will do the lending slowdown .
" Growth 21-23 % by the end of the year , be it due to the influence of central bank rules , or response to unfavorable macro conditions like today . If it is too aggressive going to end up with the NPL ( non-performing loans ) and hurt the bank , " he said .
As is known , in response to the high inflation of Bank Indonesia ( BI ) has raised the benchmark interest rate ( BI rate) by 150 basis points to 7.25 % . BI rate hike expected the central bank to hold the rate of growth of bank credit in order to run in accordance with the economic growth that is slowing fundamentals . Credit growth was trying to brake through the application of some other rules , such as tightening the rules loan to value ( LTV ) property -backed loans , any reduction of the upper limit to 92 % LDR rules .
"Banks certainly give it credit . Well , we avoid high-risk loans first . The main business credit mortgage BTN in the middle to lower it as normal , intermediate housing construction loans are also way down as usual . In addition , we hold on , " Saut said .