For Example, The Perumnas KPR Facility Is IDR 500 Billion. Here's The Strategy Of Bank Muamalat To Keep The NPF Still OK

Illustration (Photo: Doc. Antara)

JAKARTA PT Bank Muamalat Indonesia Tbk is intensively expanding its business by working on the property segment. Recently, the first Islamic bank in Indonesia has just tied up cooperation with Perum Perumnas regarding the financing of home ownership (KPR) in Bogor worth IDR 500 billion.

Bank Muamalat Business and Retail Director Purnomo Soetadi said the company had prepared a special strategy in optimizing the business potential of this segment.

"We will prioritize existing customers who have long entrusted their financial transactions to Muamalat," he said after a press conference in Jakarta, Wednesday, October 19.

According to Purnomo, this strategy is very useful for reducing the ratio of non-performing financing (NPF), so that the company's intermediation performance is maintained.

"What is certain is that we also prioritize customers whose payroll are in Muamalat. From there we can see how the payment capability is because for years there has been data," he said.

For information, Bank Muamalat this year has set a financing target of IDR 3.2 trillion. Meanwhile, until the first quarter of 2022, this Islamic financial services entity managed to collect a net profit of IDR 23.9 billion.

The score shot up 291 percent compared to the same period in 2021 (year on year/yoy) in line with the company's efforts to clean up problematic assets and also the entry of new majority shareholders, namely the Hajj Financial Management Agency (BPKH). Meanwhile, Bank Muamalat's NPF is currently claimed to be at a level below 1 percent.