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%.
Bankers will optimize the consumer credit
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%.