DBS Indonesia Offer Investment Through Renminbi Currency

Renminbi is considered to have a high volatility against the US dollar (USD), so it will benefit customers to do business Currency Linked INVESTMENT. PT Bank DBS Indonesia (DBS Indonesia) released one of the flagship program of the Currency Linked INVESTMENT (CLI) in the Chinese currency, the renminbi.

This is an investment product that promises to customers by providing attractive returns than conventional deposits. Customer will perform selections, so the seller and buyer will exchange foreign currency.

"The number of export and import activities with China and the rise of the discussion about the movement of the renminbi in the market to bring a positive influence on the increase in demand for renminbi CLI of high-net-worth clients," said Head of Treasury Sales & Market DBS Indonesia, Benny Aroeman, the release of the company , in Jakarta, Thursday, December 18, 2014.

Benny said that, since the last two or three years renminbi into the international spotlight. Because, as the country with the second largest in the world prekonomian, offered the prospect of greater renminbi.

Nevertheless, that the requirements imposed by Bank Indonesia (BI) for customers who do business investment this currency must have at least 5 billion or its equivalent in foreign currency, in accordance with Bank Indonesia Regulation 11/26 / PBI / 2009 on the precautionary principle in structured products for commercial banks.

"The renminbi has high volatility against the US dollar (USD), so it will benefit customers in the CLI business," he concluded

Next Year, OCBC NISP will Shutter 15-20% Growth

PT Bank OCBC NISP Tbk (OCBC NISP) is targeting 15-20% growth in 2015, despite the economic conditions are still considered to be affected by the global economic turmoil.

"Credit is growing in line with the Bank or the FSA. Next year 15-20% depending on the segment, "said President and CEO of OCBC NISP, Parwati Surjaudaja, in Jakarta, Wednesday, December 17, 2014.

She added, in terms of funding or third party funds (DPK) is expected to grow at the same level to maintain liquidity at a safe level in spite of the capital adequacy ratio (CAR) is still above provisions.

"CAR is still at the level of 19% per 2 to 14 September," She said.

The Company's own recorded loan growth of 9% to IDR 66,61 trillion as of September 2014. While in deposits grew 26% to IDR 79,46 trillion.

"Consumers, the mortgage is flat. SME (small and medium enterprises) grow quite grow 20% this year. SME it depends on domestic demand, not too affected by global demand. Like in 2008 that first quit was corporation, "said Parwati.

According to her, retail lending still dominates with a share of 60% of the total outstanding loans of OCBC NISP. "Retail Credit next year rose from 60% to 62%," She said.

However, the Finance Director of OCBC NISP, Hartati rates, credit growth is predicted for around 10% by the end of this year, as the company remains cautious in extending credit.

Declining commodity prices affects Banking Credit

Global economic conditions, which until now has not shown any certainty will have an impact on developing countries such as Indonesia. In fact, this condition is expected to be a challenge for banks in 2015.

This statement was published by the Chief Executive Banking Supervisors Financial Services Authority (FSA), Nelson Tampubolon, in Jakarta, Thursday, December 11, 2014. "Next year facing the banking system is not light, Globar economic conditions will continue to color the development of our economy," he said .

According to him, the decline in world commodity prices also have an impact on Indonesia's main commodities. Because, in 2015 this trend is predicted to continue. It is expected to also affect bank lending in the corporate sector, so the bank financing in sectors related to the commodity will decline.

"Segmentation will affect the pattern of economic growth of developing countries. The downward trend in world commodity predicted continued in 2015, and can affect the twists and bank credit, "added Nelson.