A senior officer with PT Bank Danamon Indonesia (BDMN) reveals that the bank aims for double-digit loan growth in 2024 upon monitoring positive trend of the bank’s lending so far.
Ivan Jaya, Head of Consumer Funding & Wealth Business at Bank Danamon, highlighted that one of the key drivers of this growth is the consumer business segment, particularly in mortgage loans (KPR). The bank has also seen growth in credit card issuance within the consumer sector.
Ivan noted that KPR is a significant contributor to the company’s revenue growth. Referring to last year’s figures, Bank Danamon’s KPR grew by over 30 percent year on year (yoy). Consequently, the bank targets a minimum 20 percent increase this year.
“The outstanding balance is also growing well,” Ivan told reporters at a media briefing in Bogor, West Java, on Thursday, July 11, 2024.
In line with its loan growth target, Ivan mentioned that the growth in low-cost funds or current account saving account (CASA) and savings deposits at Bank Danamon in the first half of the year was significant, around 50 percent to 55 percent. Another focus area is the growth of deposits.
Ivan said further that third-party fund growth, especially in savings, was slightly lower than 10 percent yoy. However, he views this as motivation for the company to innovate and provide better solutions for customers to enhance third-party funds.
“This situation pushes us to find more creative ways and solutions for our customers to help increase third-party funds,” he said.
Furthermore, Ivan mentioned that as of the second quarter of 2024, the macroprudential intermediation ratio (RIM) remains healthy. Liquidity is still at a safe level, not exceeding 100 percent.
