ASEAN KEY DESTINATIONS
MNC Bank to disburse loans of Rp9t in 2017
Private lender MNC Bank targets plans to disburse Rp 9 trillion (US$675.32 million) of loans by the end of this year, 55 percent of which will be for the consumer sector.
"We are focusing on the consumer sector in the credit disbursement because its yields are high and it has lower risks," MNC Bank president director Benny Purnomo said.
Benny said his bank would increase the number of its credit card holders by 100 percent in 2017 from its existing 100,000 holders.
In 2015, the company only had 3,000 credit card customers.
Meanwhile, another 45 percent of the loans would be distributed to the commercial and corporate sectors, Benny said.
In the commercial sector, the bank signed an agreement for a loan worth Rp 150 billion to property developer PT Prioritas Land Indonesia on Thursday.
Prioritas Land Indonesia president director Marcellus Chandra said the funds would be used to finance its Majestic Point Serpong Apartment project in South Tangerang, Banten.
"We expect the project will be completed this year and the handover [of the apartments] can be conducted in July or August," he said.
Benny said his company would eye five more property developers for the credit disbursement this year. The lender has 20 corporate clients including Pollux Group, Malioboro City, Ciputra Holding 2 and Premiere Indonesia.
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