Growth of Mortgages and Housing Loans Slowed in Q3 2020

Finance

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Dimas Jarot Bayu 17/11/2020 16:14 WIB

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Annual growth of Mortgages (KPR) and Mortgage Loans (KPA) was 2.05% (yoy) in Q3 2020.

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Growth of Mortgages and Housing Loans Slowed in Q3 2020

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Growth of Mortgages and Housing Loans

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Bank Indonesia (BI) recorded a year-on-year (yoy) growth of 2.05% in Housing Loans (KPR) and Apartment Ownership Loans (KPA) in the third quarter of 2020. This growth rate slowed compared to the previous quarter's 3.5% (yoy).

Meanwhile, on a quarterly basis (qtq), KPR and KPA grew by 0.62% in the third quarter of 2020. This represents an improvement from the previous quarter, which experienced a contraction of -0.11% (qtq).

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."