BTN Partners with BPS to Utilise Statistical Data for Housing Finance

PT Bank Tabungan Negara (Persero) Tbk (BTN) has partnered with Statistics Indonesia (BPS) to leverage national statistical data, including by name by address (BNBA) data, to improve the targeting of housing finance while supporting the 3 Million Houses Programme.

BTN President Director Nixon LP Napitupulu said the need for accurate data is one of the key factors in supporting better-targeted housing finance distribution, given the still-high demand for housing in Indonesia.

The collaboration was formalised through the signing of a memorandum of understanding (MoU) on the provision of statistical data and/or information and the use of banking services, signed by the BTN President Director together with BPS Head Amalia Adininggar Widyasanti in Jakarta on Wednesday.

“We have one very significant need, namely data. If we can have better data on who among the public does not yet own a home, what their income levels are and what their demographics look like, that is what we need,” Nixon said, as quoted from a press statement.

Nixon said Indonesia still faces a homeownership backlog of around 9.9 million units, while the need for new housing reaches approximately 700,000 to 800,000 units each year.

According to him, this situation makes well-targeted financing one of the keys to the success of the 3 Million Houses Programme.

Through the cooperation, BTN will utilise statistical data and by name by address data in accordance with prevailing laws and regulations to obtain a more comprehensive picture of public housing needs based on location, socio-economic characteristics, purchasing power and potential financing demand across various regions.