Amidst the sluggish domestic economy, Mortgages (KPR) still recorded growth this year. Indonesia's Financial Services Authority banking statistics show that mortgages in September 2017 grew by 10.52 percent to Rp 377.76 trillion from September of the previous year.
Mortgages accounted for 8.31 percent of the total bank credit disbursed, amounting to Rp 4,543.59 trillion. Meanwhile, non-performing loans (NPL) for mortgages amounted to 2.82 percent, or Rp 10.64 trillion, of the total mortgage credit.
Other consumer credit, such as credit for household appliances, increased by 12.35 percent in September 2017, and credit for flats or apartments also increased by 11.77 percent compared to September of the previous year. Meanwhile, motor vehicle loans remained stagnant, increasing only slightly by 1.67 percent, as did shop house (Ruko) and office house (Rukan) loans, which increased by only 0.1 percent.
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