TEMPO.CO, Jakarta - State-owned lender PT Bank Mandiri president director Kartika Wirjoatmodjo is confident that Bank Mandiri’s loans will grow by 13 percent this year. The bank saw 10.67 percent growth in loans last year, according to Kartika.
“If the market could hit 11-12 percent [loan growth], we could reach around 1-2 percent above the market,” Tiko told Tempo yesterday after the Mandiri Investment Forum 2017 at Fairmont Hotel in Central Jakarta.
Tiko said that it was a realistic target, citing Bank Mandiri’s adequate liquidity. At the end of 2016, Bank Mandiri received repatriated funds of Rp30 trillion in the tax amnesty program.
According to Tiko, customers who have repatriated their funds can choose several investment instruments to channel their funds, such as bonds, properties, or to invest in their own firms.
Loan disbursement to micro, small and medium-sized enterprises (SMEs) will increase this year, Tiko predicted. Loan growth in infrastructure sector will also grow. “We will split them. They will not all be disbursed to the infrastructure sector,” he said.
Bank Mandiri will push for disbursement of consumer loan as well. Tiko said that Indonesia’s household debt is still below Malaysia and South Korea. “Indonesia has only started to get car loans, multipurpose loans, etc. A push is needed to boost spending capacity.”
ANGELINA ANJAR SAWITRI