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Jakarta, 11 Nov. 2009 – “I believe the target of 25 percent loan growth this year could be achieved,” Iqbal said after the recording of the Collective Berangun Asset Securities (ABS KIK) in Jakarta, Wednesday (11/11).

He said that credit growth to the present by 17 percent. Target this year by 25 percent would be achieved because the home buying trends at the end of the year tends to increase.

Iqbal said that the current new credit channeled to reach Rp 12 trillion and year-end target of Rp 16 trillion. While the current credit outstanding reached Rp 38 trillion. “Our target Rp 16 trillion, is now Rp 12 trillion, and I’m sure will be achieved,” he said.

Of the total amount of loans it, call Iqbal, 95 percent of the mortgage and housing industries, while the remaining 5 percent of loans in other sectors.

BTN president conviction because economic conditions are getting better and will impact on increasing the housing sector.

In addition, he continued, began to decline in mortgage interest rates is also a public appeal to make mortgage (KPR). “This year we have lowered loan rates five times from the current 15 percent were in 12.5 per cent,” he said.

Iqbal also said that the decline in mortgage interest is still possible. “Still we studied the room for cutting back the mortgage interest,” he added.

According to him, the decline in mortgage interest rates are interest rates following the decline in funding after the BI rate at 6.5 percent and the 14 banks agreed maximum deposit interest 8 percent. “With the decline in the funds rate ‘cost of funds’ so down, so the company’s performance also improved,” he explained.

For next year, according to Iqbal, BTN credit growth target of 20 percent because the economy is driven by good enough. “Target next year equal to 20 percent of the industry,” said Iqbal. ARP