BETWEEN INTEREST RATES OF BANK INDONESIA 6.5% AND SOME PRIVATE BANKS

BI Rate Fixed 6.5%, Bank of Confessing Relief
Bank Indonesia (BI) continue to maintain the interest rate or BI rate at 6.5% level. This is the sixth time the Board of Governors Meeting (RDG) BI decided not to change the BI rate.
Meeting of the Board of Governors (RDG) rate, rate rise was still comfortable enough to keep the 2010 inflation target at the level of 5% plus minus 1%. Although this year's inflation rate in the forecast again increased.
Bank Indonesia (BI) is also considered, the level of 6.5% is conducive to strengthening economic recovery efforts. Including maintaining financial stability and promote banking intermediation.
In fact, Bank Indonesia has room to cut the BI rate. You see, the annual inflation in January 2010 was still low, of 3.72%. However, Bank Indonesia's policy is forward looking, said the Acting Governor of BI Nasution Nasution.
The bankers claim relief with Bank Indonesia's decision to maintain rates. One reason is, the rates are too low will cause capital flight, said Director of MSME and Bank BNI Syariah Ahmad Baiquini.
Finance Director of Bank Rakyat Indonesia (BRI) Sudaryanto Sudargo added, 6.5% benchmark interest rate is a comfortable level for banks. Because, savings bank interest rate that reached the BI rate, quite accepted by the customer.
BRI provides current savings rate between 6.7% -7%. If we were down 25 basis points, we could lose Rp 3 trillion to Rp 6 trillion per day.
Step by Bank Indonesia to maintain the BI rate also give space more freely to banks cut mortgage interest. We still could have sent down in stages, including through measures of efficiency, said Ahmad.
Data collected from the Money Market Information Center as of February 3, 2010 shows, the average credit interest rate was 12.83% rupiah. Working capital loan interest of 14.76%, 14.84% investment credit, and consumer credit interest 15.99%. Meanwhile, the average bank deposit rate is only 6.7%.
We hope the decline in mortgage interest can be proportional to the reduction in savings rates, said Deputy Governor of Bank Indonesia Muliaman D. Hadad. However, it is unclear exactly what Bank Indonesia's efforts to encourage the reduction in mortgage interest.
Previously, Bank Indonesia had promised it benchmarks or reference to the Bank not casually enter the components that make expensive cost of funds. Step it up to now there has been no realization.
To be sure, the difference between lending and deposit rates are still wide, which is approximately 6.08%. While credit growth is still low. In 2009 credit growth is only 10%.

Hunting Proteksindo Retail, Sedana Surviving in Corporate
Insurance broker strategy to face competition contest 2010. Somebody tried retail market because it is immune to the crisis, but there is also the last work to serve the corporate market with insurance products that not many players.
President Director of PT Proteksindo Insurance Brokers Wunwun Mauludi expressed, because the global financial crisis which occurred in late 2008, the institute currently divert business strategy. If the retail portion was 30% and the rest of the corporation, this year we increase the retail portion to 50%.
Wunwun confess, this strategy had to be applied because it increasingly difficult to find new clients from the corporate sector. Many projects are the losers because of the crisis, as a result of business so quiet.
In addition, recently began to many customers who chose to use foreign broker, or choose arrange insurance directly to the insurance company. So the broker opportunities targeting the corporate market more difficult, like it or not, is forced to enter the retail market, said Wunwun.
The advantage to play in the retail market seemingly obvious in times of crisis yesterday. When the corporate market losses, the retail market just to survive, even grow. Because, in a crisis condition of the community is more interested in protecting themselves through insurance.
Unlike the Proteksindo, PT Sedana Pacific preferred target survive the corporate sector. The real sector began to recover and infrastructure projects that began running, a reason to stay Sedana targeting the corporate sector.
Benny Hapsoro, Director Sedana, acknowledged the competition in this sector closely, especially in property insurance. Fortunately, not glancing Sedana products, we chose to play in the products that have not played many companies, such as the insurance of oil, added Benny.
Although the market is limited, but Sedana business can still grow. In 2009 for example, Sedana income rose 77% compared to the previous year. Year 2010 was launched Sedana revenue growth 50%.

HSBC Investor Aggressive Corporate Incar
The Hong Kong and Shanghai Banking Corporation (HSBC) aggressive enough to attract corporate customers. Every year, HSBC's corporate customers to target growth of 20% -30%.
According to Winarti, Vice President Business Banking at HSBC, HSBC now have about 6,000 corporate customers. They consist of approximately 5,000 customers micro business sector, small and medium enterprises (MSMEs). The rest is a large company customers.
HSBC's Senior Vice President Jeffery C. Tjoeng, adding, this 2010-year HSBC will support the growth of MSMEs in Indonesia. Unfortunately, Jeffery said the figure could not detail about the performance of HSBC and its business plan, including the target of their SME business growth tahun2010.
Jeffery just explained, this year HSBC will focus on all sectors and meet the needs of SME entrepreneurs in Indonesia. Especially the need to expand their international markets. We will focus on companies that have international-based, Jeffery said.

Bank Niaga Credit to the dealership Guyur Acer
After disbursing credit to dealers PT Mazda Motor Indonesia, yesterday the Bank CIMB Niaga (CIMB) signed a credit agreement of cooperation with PT Acer Indonesia (Acer).
Vice President Director of Bank Niaga Catherine Hadiman revealed it expected credit flushed into Acer distributors and dealers. In this cooperation, CIMB help their working capital needs in the purchase of inventory from Acer. This cooperation term of one year, said Catherine.
Business and Product Development Group Head of CIMB Niaga Taufik Budiman added, the credit value to distributors and dealers were still in the calculation. To be sure, its value depending on their needs. The average USD 50 billion, but some are on the Rp 50 billion, said Taufik.
Director of Retail Banking CIMB Niaga Suhaimin Djohan revealed, this side of 2010 credit growth target of 18% -20% from the year 2009. Figures up to December has not been announced. But until October 2009 Bank Niaga's total loans reached Rp 74.59 trillion or an increase of 1.5% of loans in September amounted to Rp 73.43 trillion.

Bank Mega Credit Optimism Grows 25%
Management PT Bank Mega Tbk year 2010 is optimistic it can reach a maximum loan growth 25%. Target is fairly high considering Mega Bank loans in 2009 decreased along than the end of 2008.
End credits 2009 than we did down the previous year. This happens because during 2009 was the economy rather slowdown, said Daniel Director of Credit Bank Mega Budirahajoe Daniel.
Unfortunately, Daniel was reluctant to explain in detail how decline. Clearly, Daniel optimistic taget credit growth this year could be achieved in 2010 because the world economy will improve, and in 2010 was Indonesia's economy is forecast to grow 5.5%.
At the end of 2008, Bank Mega successfully disbursed loans amounting to Rp 19 trillion. This means that, at the end of December 2009, total outstanding loans of Bank Mega is below the Rp 19 trillion. If the Bank Mega maximum credit growth target 25%, the 2010 credit will not exceed USD 5 trillion.

This year, Bank Mega predicts credit card business flourish. Director of Retail Bank Mega Kostaman Thayib target, Mega Bank card consumption in 2010 reached Rp 6 trillion to Rp 7 trillion. In 2009, credit card transactions only Rp 4.6 trillion, grew 43% from the year 2008.
The end of 2009, the number of credit card Bank Mega 650,734 cards, up 33% compared to the year 2008 that as many as 491,835 cards. Credit card business contributed considerable to the total loan portfolio. Credit card business contributed 10% of the total profit earned in 2009 the Bank Mega ago.
Unfortunately, Kostaman not want to say how profits from the Mega Bank credit card business.


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