Jakarta (ANTARA) - PT Bank Tabungan Negara (BTN) has announced that\nit will not revise its credit growth target for 2026, maintaining it\nwithin the 8-10 per cent range.<\/p>\n
This decision to keep the target unchanged comes despite credit\nrealisation reaching Rp418 trillion as of June 2026, representing an\n11.2 per cent year-on-year growth, which has surpassed the annual\ntarget.<\/p>\n
\u201cTherefore, we are not revising the (credit target). It remains the\nsame as the initial Bank Business Plan (RBB). However, the actual\nrealisation (of credit growth) has exceeded the plan,\u201d said BTN\nPresident Director Nixon LP Napitupulu during the 2026 Public Expose\nLive in Jakarta on Thursday.<\/p>\n
Nixon stated that the 11.2 per cent credit growth was supported by\nthe takeover of a retiree and pre-retiree credit portfolio from PT Bank\nSMBC Indonesia Tbk, with a total transaction value of approximately\nRp19.93 trillion.<\/p>\n
\u201cWe are actually reverting to the initial Work Plan and Budget (RKP)\nof 8-10 per cent. Even if it exceeds that, it would likely only be 10.1\nor 10.2 per cent. It will not go higher,\u201d he said.<\/p>\n
Nixon noted that the condition of the housing sector was also a\nconsideration for the company in determining its credit growth\ntarget.<\/p>\n
According to him, the growth of residential mortgages (KPR),\nparticularly for low-income communities (MBR), is still slowing down as\nhouse construction and purchases have not yet grown optimally.<\/p>\n
\u201cIf we look at KPR growth, especially for the low-income segment\n(MBR), house construction and purchases are indeed slower. Therefore, we\ndo not dare to set a target that exceeds the current trends in the\nhousing industry,\u201d he explained.<\/p>\n
Consequently, the company will be more selective in distributing\ncredit for the remainder of the year.<\/p>\n
Nixon added that the housing supply side also faces several\nobstacles, including licensing issues in several regions.<\/p>\n
\u201cFurthermore, the supply side is also slow, particularly in West\nJava. There are several licensing issues and so on. That is why we are\nmaintaining the figure (for credit) at 8 to 10 per cent,\u201d said\nNixon.<\/p>\n
Meanwhile, BTN Director of Treasury & International Banking,\nVenda Yuniarti, further explained that credit growth up to June 2026 was\nalso driven by the expansion of non-housing credit.<\/p>\n
As of June 2024, the proportion of non-housing credit reached 20.4\nper cent of BTN\u2019s total credit and financing. The company aims to\nincrease this non-housing credit proportion to 30 per cent of total\ncredit by 2030.<\/p>\n
Venda assessed that with this strategy, BTN will continue to treat\nthe housing business as its core business, while gradually increasing\nthe contribution of the non-housing segment through consumer and\ncorporate credit, including retiree loans.<\/p>\n
In the first half of 2026, BTN recorded a net profit of Rp2.4\ntrillion, representing a 40.8 per cent year-on-year growth. Meanwhile,\nthe gross non-performing loan (NPL) ratio decreased to 2.99 per\ncent.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/btn-maintains-credit-growth-target-at-8-10-per-cent-for-this-year-1789024351", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }