JAKARTA. PT Bank Tabungan Negara Tbk (BBTN) revised its 2019 Bank Business Plan (RBB) following current global economic growth and the slowing down domestic economy.
In response to these conditions, Bank BTN has carried out economic studies by changing macro assumptions, and economic growth is estimated to be lower than the initial assumption, so that BI's 7 days (reverse) repo rate is expected to continue to decline along with relatively stable inflation. The internal study underlies the business changes of Bank BTN.
"Adjustment of the RBB needs to be done considering the existing macroeconomic conditions and the development of the domestic banking industry that tends to experience tighter liquidity," said Managing Director of Bank BTN, Maryono in Jakarta, Friday (19/7).
Maryono explained that there were a number of adjustments made to the RBB considering the company's business performance. The changes to the RBB include credit growth until the end of the year which is predicted to be in the range from 10-12%, while Third Party Funds (DPK) are predicted to grow at the same level of 10-12%, and assets are targeted to grow in the range of 8-10%.
Maryono is optimistic that Bank BTN can pursue credit growth in the second half of this year because as of June 2019, credit distribution is in line with the company's plan. The boosted credit segment are non-subsidized housing loans, commercial loans, and construction loans. (AM/AR)