Batam - Bank of Indonesia (BI) to tighten credit for motor vehicles and mortgages by providing a minimum down payment.
"BI and the government raised the minimum down payment motorcycle loans, pegged 25 percent of the price of the vehicle," said Head Office of Bank Indonesia Batam Elang Tri Praptomo in Batam, Sunday.
While advances four-wheeled vehicles at least 30 percent of the price of the vehicle. The new provisions apply from June 15, 2012.
According to him, that provision shall be applied to anticipate the number of bad debts (non-performing loans/NPL).
Currently, the national motor vehicle NPL was 4.8 per cent. While the government's 5 percent limit of normality.
In Batam, he said, NPL motor vehicles reached 2.8 percent.
"Batam is still good, however, that provision remains in force in anticipation of" Eagle said.
In addition to minimize bad credit, Hawk said tightening automotive credit also to anticipate congestion due to the increasing number of people who drive private vehicles.
In Batam, he said, noting there were 200,000 vehicles BI motorcycles passing on the streets of the industry.
Director of Strategic Planning and Public Relations of Bank Indonesia Budi Waluyo Dody said the rule was issued to increase the bank prudence in granting mortgages and labor agreements as well as to strengthen the resilience of the financial sector.
This provision is contained in the Circular Letter of Bank Indonesia No.14/10/DPNP dated March 15, 2012 on the Application of Risk Management at Bank of Credit to the provision of Home Ownership and Motor Vehicle Credit.
Dody confirmed, as of the determination of the terms, Bank Indonesia provide a transitional period of three months. This time is considered adequate for the bank to make adjustments to standard operating procedures (SOP), socialization, and the adjustment to Bank Indonesia reporting.
After the transition period, the entire mortgage and CLA should be processed in accordance with applicable regulations.
Imposition of sanctions given to the bank in violation of the above form of the imposition of administrative sanctions as stipulated in Bank Indonesia Regulation (PBI) No.11/25/PBI/2009 dated July 1, 2009 on the Application of Risk Management.(kepri.antaranews.com)
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| koran-jakarta.com |
"BI and the government raised the minimum down payment motorcycle loans, pegged 25 percent of the price of the vehicle," said Head Office of Bank Indonesia Batam Elang Tri Praptomo in Batam, Sunday.
While advances four-wheeled vehicles at least 30 percent of the price of the vehicle. The new provisions apply from June 15, 2012.
According to him, that provision shall be applied to anticipate the number of bad debts (non-performing loans/NPL).
Currently, the national motor vehicle NPL was 4.8 per cent. While the government's 5 percent limit of normality.
In Batam, he said, NPL motor vehicles reached 2.8 percent.
"Batam is still good, however, that provision remains in force in anticipation of" Eagle said.
In addition to minimize bad credit, Hawk said tightening automotive credit also to anticipate congestion due to the increasing number of people who drive private vehicles.
In Batam, he said, noting there were 200,000 vehicles BI motorcycles passing on the streets of the industry.
Director of Strategic Planning and Public Relations of Bank Indonesia Budi Waluyo Dody said the rule was issued to increase the bank prudence in granting mortgages and labor agreements as well as to strengthen the resilience of the financial sector.
This provision is contained in the Circular Letter of Bank Indonesia No.14/10/DPNP dated March 15, 2012 on the Application of Risk Management at Bank of Credit to the provision of Home Ownership and Motor Vehicle Credit.
Dody confirmed, as of the determination of the terms, Bank Indonesia provide a transitional period of three months. This time is considered adequate for the bank to make adjustments to standard operating procedures (SOP), socialization, and the adjustment to Bank Indonesia reporting.
After the transition period, the entire mortgage and CLA should be processed in accordance with applicable regulations.
Imposition of sanctions given to the bank in violation of the above form of the imposition of administrative sanctions as stipulated in Bank Indonesia Regulation (PBI) No.11/25/PBI/2009 dated July 1, 2009 on the Application of Risk Management.(kepri.antaranews.com)
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