Tuesday, May 19, 2015

Bank Will Focus to Improve Credit for Maritime Sector

As many as 62% of respondents said the complexity of the project as a major challenge in the infrastructure sector. Price Waterhouse Coopers (PWC) in the survey states, national banking opportunities to expand or increase lending to the infrastructure sector, it is still has its challenges in the future.

According to the Financial Services Partner PWC, Jusuf Wibisana, this is in line with government projects Joko Widodo (Jokowi) oriented maritime shaft, has seized the attention of state-owned banks (SOE) to focus, particularly on marine highway program launched by the government today ,

"The banker of the state bank signaled their interest in financing the construction of a sea port and supports the fishing industry," said Joseph, in Jakarta, Tuesday, May 19, 2015.

Furthermore, he considered, the focus of government to strengthen the maritime sector, make the most of banks are estimated to be lending to the infrastructure sector amounted to 10% of the total lending portfolio.

"Although nearly 60% of banks participating in this survey has penetrated infrastructure financing, but the relative portion of the financing is expected to less than 10% of total lending portfolio," he said.

In the survey, PWC said, that the opportunity to extend special lending to the infrastructure sector has its own challenges, as many as 62% of respondents said the complexity of the project as a major challenge to the worries regarding land acquisition, which is also large: 46%.

"Because the land dispute, the progress of infrastructure projects can be stagnant for a significant period of time or may even be canceled. Opportunities lending at this time can turn into a problem of bad loans in the future if not handled carefully, "he concluded.

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