BTN to Cut Lending Rates To Remain Competitive
June 15, 2009
Related articles
Qatar-Controlled Bank Kesawan Eyes Lending Surge in Indonesia 9:16pm Jan 29, 2012
Philippines May Cut Key Interest Rate 8:31pm Jan 18, 2012
BI Cuts Interest Rate for ‘Idle Money’ 9:37pm Jan 17, 2012
W. Lombok Women Get Ahead, With a Little Help 6:37pm Jan 16, 2012
BI Holds Rate Steady on Rising Inflation Outlook 10:24pm Jan 12, 2012
Post a comment
Please login to post comment
Comments
Be the first to write your opinion!
The country’s largest mortgage loan provider, PT Bank Tabungan Negara, is to reduce its lending rates for all new loans by an average of 0.5 and 2 percentage points starting on July 1, thanks to the improving macroeconomic situation, the bank said in a statement on Monday.
“The cut in lending rates is part of BTN’s commitment to adjusting rates in line with the bank’s capacity and conditions in the market,” said Iqbal Latanro, BTN’s president director. Commercial banks usually charge different rates on consumer, working capital and investment loans.
“With our policy of lower lending rates, we expect we will be better able to compete with other banks,” Iqbal said. “BTN also expects the lower interest rates to help stimulate the housing market.” JG
- ‘The Phantom of the Opera’ Unveils Itself to Jakarta Audience
- Malaysian Girl Speaks Indonesian After Freak Accident: Report
- Indonesians Buying Up Most Expensive Homes in Singapore
- Funeral on Friday for Student Killed in Rafting Accident
- Indonesian Police Arrest Czech Tourist in Papua
- Adek Berry: The Lady Behind the Camera
- 7 Motorcycle Girls Arrested for Beating Up Their Own on Bali
- The Thinker: Let's Talk About Sex
- Final Farewell to Singapore's Dr. Toh Chin Chye
- Toyota to Invest $534m for New Indonesia Plant
-
10:42pm | 12 Detainees Pull Off Brazen J...
Jailbreak happens all over the World Governments should give education and hope to the poor or else the Higly organised Mega Rich Crime will destro -
10:15pm | Notorious Gang Boss Could Be B...
Every Big city in the World has a huge crime problem So Jakarta no different. Honesty is the best policy. My father said to me when I was a young ... -
10:07pm | Israel’s Stance on Iran Could ...
Strike is a made up war from the free mason and illuminati, they need to justify a war to reduce the worlds population by 90%. A nwo will be create -
9:52pm | Sumitomo Bets on Indonesia’s G...
u have less chance of seeing a big fish convicted than I have of buying JPB a few beers -
9:42pm | Israel’s Stance on Iran Could ...
Moscow's stance on Syria IS catastrophic... -
9:42pm | What US Stop Online Piracy Act...
Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped -
9:41pm | What US Stop Online Piracy Act...
Am I the only one who believes that Indonesian govt doesn't care about sopa, so does everyone else in the country? It tickled us only when Wikiped -
9:29pm | Sumitomo Bets on Indonesia’s G...
@Valkyrie: don't get our high hopes, the bigger fishes are only AU, and maybe AM as "bonus".. but it stops there. Indonesian people will forget
