JAKARTA - PT Bank Danamon Indonesia Tbk (BDMN) projects that Bank Indonesia (BI) maintains the benchmark interest rate or BI-Rate at the level of 6.25 percent by the end of 2024.
Consumer Funding & Wealth Business Head Bank Danamon Ivan Jaya said it estimated that this 6.25 percent interest rate would last until the end of the year. So there has been no cut in interest rates for this year.
"Most likely next year," he said, quoting Antara.
Ivan said the company is currently focusing on maintaining banking assets and liquidity.
Ivan said there were three steps taken by Bank Danamon to stay in the midst of a high interest rate situation.
First, Bank Danamon seeks to increase low-cost funds or savings through various annual programs, such as Danamon Berkas Beruntun.
"So the growth of cheap funds in terms of CASA is one of the strategies we are doing," he said.
The second step, Bank Danamon continues to complete the feature in the mobile banking D-Bank Pro.
Third, increase the number of customers from the affluent and emerging affluent segments, namely private and optimal customers.
"The privillege or optimal segment, or the term is a muster customer," he explained.
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Furthermore, he added that based on the results of the stress test that had been carried out, the Company's condition was still under control despite the high interest rate situation.
In terms of credit, Bank Danamon will continue to maintain the ratio of non-performing loans (NPL) below 3 percent.
Ivan revealed that Bank Danamon's credit growth could reach double digits or around 10-15 percent.
"So it is a thing that is controlled by prioritizing good risk management and good communication with customers. It is hoped that things like the problematic (credit) will not increase," he concluded.
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