REPUBLIKA.CO.ID, JAKARTA -- The largest private lender, PT Bank Central Asia (BCA) reduces its consumer credit in the first quarter of 2014. This slowdown follows the instruction of Bank Indonesia (BI), which urges banks to slow lending growth in 2014.
President Director of BCA, Jahja Setiaatmadja said that company followed direction of regulator to slow consumer loans, such as mortgages and motor vehicle loan.
"We must hold it to maintain property price," Setiaatmadja said recently as reported by Satya Festiani.
Demand of mortgage loan fell 60 percent this year compared to 2013. Setiaatmadja believes that the growth of consumer credit will not exceed 20 percent. So that overall credit growth will reach the target of 15 percent in the first quarter.
Meanwhile, BCA's third party fund is still same as the end of 2013. The slowdown in deposits is in line with credit slowdown, so that loan to deposit ratio (LDR) will stand at 77 percent. Setiaatmadja hopes that LDR can be increased to 78 percent.
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