JAKARTA. Some banks are pessimistic that number of credit allocation may increase in the last three months of 2016. Even, Bank Indonesia (the Central Bank) strategy to rise credit allocation by relaxing the regulation on loan to value (LTV) for housing ownership credit (KP) is predicted to be ineffective. Director of Finance of Danamon Bank Vera Eve Lim predicted that number of credit allocation will drop by 2%-4% until the end of 2016. According to Vera, the decrease is affected by the slow demand on credit for automotive sector, both at two-wheel and four-wheel vehicle segments.
Credit allocation slower
JAKARTA. Some banks are pessimistic that number of credit allocation may increase in the last three months of 2016. Even, Bank Indonesia (the Central Bank) strategy to rise credit allocation by relaxing the regulation on loan to value (LTV) for housing ownership credit (KP) is predicted to be ineffective. Director of Finance of Danamon Bank Vera Eve Lim predicted that number of credit allocation will drop by 2%-4% until the end of 2016. According to Vera, the decrease is affected by the slow demand on credit for automotive sector, both at two-wheel and four-wheel vehicle segments.