Ready to Raise Interest Bank Loans

Jakarta - PT Bank Mandiri Tbk (Mandiri) plans to raise rates until the credit up to 10 bps 15 bps. This is a result of Abner Statutory Reserves (GWM) by Bank Indonesia, which reached 8% after only 5%.
This was conveyed by the Managing Director of Risk Management, Sentot A Sentausa in office, Plaza Mandiri, Jalan Gatot Subroto, Tuesday (09/07/2010).
"We must grow our business credit for playing there. It (Rise Primary GWM) will also depend on what kind of market liquidity conditions, it likely will be no increases in interest rates," he said.
According Sentot, not all banks are in a position ready to meet the liquidity reserve requirement rules which reached 8% Primary is. Thus one way is to raise the loan interest.
"But it's November 2010 entry into force and we see how out Lebaran its market position. From my simulation approximately (mortgage interest) increased by between 10-15 bps, and that's great," he said.
However, continued Sentot, rising mortgage interest is still in the simulation, and indeed can not be ascertained.
"Because we make a simulation, there is an idle fund to be entered in the reserve requirement was around 10-15 bps of loan interest. It was a November 2010 day," he said.
To note, Bank Indonesia will raise the reserve requirement for banks Primary 3% per November 2010. So banks have to pay the reserve requirement of 8% Primary.
(Dru / Qom)

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