BTN, Popular And Supporting Credit Growth On Track

JAKARTA - BTN announced that lending will continue to increase as expected, although there are still high costs and banking funds and economic challenges.

BTN credit growth rate, higher than the average growth in the national banking industry. The BTN mortgage, according to the President Director of BTN, Nixon LP Napitupulu, is still the main support, both subsidies and non-subsidized ones to support the provision of housing for Indonesian people.

"This shows that demand for mortgages is still high in the market. BTN is optimistic about the growth rate of credit which is still on-track until the end of the year," said Nixon through a release received by VOI.ID editors, Tuesday, November 5.

The high demand for mortgages is also reflected in the Banking Survey of Bank Indonesia. This makes BTN optimistic that credit growth will remain double digits. Not only that, Nixon is optimistic that the Three Million Houses Program per year carried by the government of President Prabowo Subianto-Gibran Rakabuming Raka will provide encouragement for BTN credit growth in the future.

In the program, the government will build two million houses in rural areas, including renovations or repairs to uninhabitable houses. According to BTN, renovations of uninhabitable houses can stimulate the need for building materials, construction workers, and credit demand more quickly because land and buildings have been available from the start.