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JAKARTA. PT Bank OCBC NISP Tbk (NISP) plans to lower its lending rates in 2020, after considering the interest expense and its debtor's risk profile.

"There is a possibility of a reduction in lending rates in 2020," said Hartati, Director of NISP, as reported by Bisnis Indonesia on Tuesday (14/1) today.

As of 26 December 2019, NISP set its Basic Loan Interest Rate (SDBK) at the range of 10% to 11%. The lowest SDBK was for housing loans (KPR) of 10.20%, while the highest was for retail loans of 11.50%.

In 2020, NISP will still focus on maintaining credit quality and raising cheap funds. This step is believed to be able to maintain the company's profitability. (KR/AR)