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JAKARTA. Consumer credit will be the favorite in 2017. The major banks are targeting for a double-digit growth on consumer credit that would be driven by the increase in demands on mortgage loan, loan without collateral, and vehicle loan.
The Director of Retail Banking of Bank Mandiri Tardi said that consumer credit is a mainstay of the bank to boost credit in 2017. The demand on mortgage loan will increase following the relaxation on the rules of down payment.
According to Tardi, Bank Mandiri is targeting to grow the realization of consumer credit by 15% from Rp 35 trillion by the end of 2016 to Rp 40.25 trillion by the end of this year. In 2016, Bank Mandiri’s mortgage loan grew by 24.51%.
Bank Mandiri is targeting to grow loan without collateral by 15% from Rp 17 trillion in 2016 to Rp 19.55 trillion in this year. The bank is also targeting to grow vehicle loan by 15% from Rp 21 trillion in 2016 to Rp 24.15 trillion in 2017.
Meanwhile, Financial Director of PT Bank Negara Indonesia Tbk (BNI) Rico Rizal Budidarmo said, BNI is targeting to grow consumer credits by 11%-14% in this year. The growth will mainly depend on the segments of loan without collateral, credit card, and mortgage loan.
In order to achieve this target, BNI would be optimizing the cross-selling by cooperating with developers and expanding business merchants. The realization of loan without collateral is predicted to grow by 56% from Rp 8.94 trillion at the end of 2016 to Rp 13.96%.
BNI is also targeting to grow the credit card segment by 11% from Rp 10.52 trillion to Rp 11.68 trillion, while the mortgage loan is expected to grow by 9% from Rp 36.43 trillion to Rp 39.71 trillion.
Likewise, Director of Consumer of PT Bank CIMB Niaga Tbk Lani Darmawan said that consumer credit will be the mainstay of the bank, on the grounds that the segment would contribute by 60% of the total credit allocation of CIMB Niaga. “Consumer credit will grow at least by 10% in 2017,” Lani said.
CIMB is targeting to grow credit card allocation and the number of credit card by 20% and 15%-20%, respectively. In 2016, CIMB had issued three million credit cards in 2016. This year, the bank is targeting to issue 3.5 melon credit cards.
In terms of loan without collateral, CIMB is targeting to secure a 20% growth in 2017. However, that number will be lower than the realization of the loan without collateral in 2016 that grew by 34%. However, Lani said that the number of 20% is considered ‘high’ for this year. CIMB itself is targeting to grow the mortgage loan by only 8%-10%. (Muhammad Farid/Translator)
