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State lender BTN targets 22 percent growth in financing
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Workers construct houses at a housing complex in Serpong, South Tangerang, Banten. (Antara/Audy Alwi )
State-owned lender Bank Tabungan Negara (BTN) has set a growth target of between 20 and 22 percent in its financing this year.
Up to April 2017, BTN financing grew by 18 percent to Rp 170.45 trillion (US$12.83 billion) from Rp 144.57 trillion in the same period last year, said BTN consumer banking director Handayani in Jakarta on Monday.
“The growth came mostly from consumer banking credits, particularly mortgage, which contributed 70 percent to the total financing,” Handayani said on Monday.
Meanwhile, BTN corporate secretary Eko Waluyo said the remaining 30 percent of the growth came from several sectors, such as construction credits for housing developers, investment credits and commercial credits in the form of working capital.
Eko said BTN had cooperated with several parties to boost its financing. Providing an example, he said that the lender cooperated with ride-hailing application Gojek to facilitate housing credits for Gojek drivers.
“Our main target is still mortgage and construction credits for housing developers that have strong markets,” he said.
The housing market, he said, would remain strong because backlogs were high. (rdi/bbn)
