The development of CIMB Niaga’s mortgage target is above 6%. PT Bank CIMB Niaga Tbk is optimistic that the distribution of housing loans (KPR) this year will continue to increase with a growth of more than 6%. By 2022, BNGA mortgage payments will reach 5.9%, 2x that of national banks.
Heintje F. Mogi, Head of mortgage and indirect car business. CIMB Niaga explained that the signs of an increase were visible in the first 2 months of 2022.
PT Bank CIMB Niaga Tbk is optimistic that the distribution of mortgages this year will increase with developments above 6%. By 2022, BNGA mortgage payments will reach 5.9%, 2x that of national banks.
Heintje F. Mogi, head of mortgage and indirect car business at CIMB Niaga, explained that signs of improvement were seen in the first 2 months of 2022.
Last January, the distribution of mortgage debt reached Rp 700 billion. “If you watch last year, it was difficult to reach Rp 500 billion. I see the signs are getting better,” Heintje said in a virtual conference, Thursday (18 March 2022).
Heintje explained that the distribution is still controlled by houses with a price range of Rp 700 million to Rp 1 billion.
However, homes in the over 1 billion mark and exclusive real estate lines have recovered. Several major developers such as Summarecon report that the marketing of mid-range homes in the price range of Rs 1.5-2 billion is the most desirable.
Likewise for exclusive properties above 2 billion. “Debt disbursement will increase until February 2022. I believe that even if there is an epidemic, we can adjust the type of marketing and survival. We can do it,” said Heintje.
Mortgage distribution is pushed to an optimal 100% due to the LTV/FTV allowance issued by Bank Indonesia last month.
The development of CIMB Niaga’s mortgage target is above 6% per year. This means that developments with a higher share of sharia mortgages from 2022 can pass 6%. The percentage of sharia mortgages from CIMB Niaga has reached 40% this year and is increasing from 20% in 2022 to 29% in 2022 and 37% in 2022.
“The establishment of Bank Syariah Indonesia (BSI) means that all banks have progressed. 2022 means conventional, but growing okay. It should be better than last year (above 6 percent), with the division of sharia already over. 40%,” he said.
For information, the average development of mortgages in the industry will only reach 2.8% in 2022. Depending on the type of property, housing type mortgages only increase by 3.5%, apartments by 2.3% and shop houses decrease by 9.6% due to increased public consumption. lower.
