Despite the challenges faced amid the pandemic, BNI managed to record growth in the distribution of housing loans. In other words, housing loans by BNI Griya are experiencing an 8 percent year-on-year (yoy) growth as of February. Overall, the company's mortgage performance has the potential to grow even more.

"The trend for property loan growth in the first quarter of 2022 tends to increase, especially BNI Griya’s housing loans. As of February, it reached Rp 49.8 trillion [US$3.46 billion], growing above 8 percent yoy," said BNI consumer business director Corina Leyla Karnalies in Jakarta.

Corina said mortgage growth in the first two months of this year had doubled from the previous year. She explained that BNI Griya was attracting potential debtors with various offers they could not resist.

"The BNI Griya program offered includes interest rates starting at 3.4 percent fixed for the first two years, light installments with the option to pay interest only for the first two years, as well as easy online mortgage applications with the BNI Griya eForm, which can be accessed through the BNI website, BNI mobile banking or accessing http://bit.ly/eFormBNIGriya,” explained Corina.

In 2020, BNI held the BNI Griya online expo, the first virtual property expo in Indonesia. Moving forward, BNI will continue making innovations to provide the best service for its customers.

“Please look forward to various surprises from BNI Griya in the near future through offline and online programs and expos, as well as other digital channels," said Corina.

Meanwhile, BNI's 8 percent mortgage growth in February exceeded the realization of mortgage growth throughout 2021, which grew by 7.7 percent yoy to reach Rp 49.6 trillion. With improvements in the property and economic sectors this year, the company is ready to achieve its total credit target of 7-10 percent yoy.

BNI’s support for the Merah Putih Catalyst project

BNI is also financially facilitating the Merah Putih (Red and White) Catalyst project with a total of Rp 257.9 billion. The support consists of investment credit and the provision of letters of credit and domestic document letters of credit (LC/SKBDN), bank guarantees (BG) and standby letters of credit (SBLC). It’s BNI’s contribution to providing a one-stop banking solution for greenfield projects that can positively impact businesses and the environment.

PT Katalis Sinergi Indonesia is a joint venture company between Pertamina through its subholding commercial and trading subsidiary Pertamina, PT Pertamina Lubricants, PT Pupuk Indonesia through its subsidiary PT Pupuk Kujang and the Bandung Institute of Technology (ITB) and innovation start-ups.

BNI's role is to provide financing and banking solutions for the construction of the catalyst factory, which will be the first catalyst producer in Indonesia. This project is one of the National Strategic Projects based on Presidential Regulation No. 109/2020. This project has been listed in the National Medium-Term Development Plan (RPJMN) of 2020-2024, and will produce catalysts that are fully developed and patented independently in Indonesia.

The head of BNI's corporate business division 3, Rudy Sihombing, said his support for the financing of the Red and White Catalyst Plant is BNI's first environmentally friendly credit expansion in 2022. BNI will expand its green portfolio to serve as an engine and driving force for sustainable finances in Indonesia.

"With the construction of this factory, we hope that it can significantly reduce dependence on imported catalysts, accelerate the birth of new products and technological innovations, and build the competitiveness of the domestic industry while increasing the energy security and independence of Indonesia," he said.

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