ID :
104288
Wed, 02/03/2010 - 10:36
Auther :
Shortlink :
https://oananews.org//node/104288
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BANK INDONESIA: NIM DOWN 0.15 PERCENT
Jakarta, Feb 2 (ANTARA) - Bank Indonesia deputy governor Muliaman Hadad said the national banks` net interest margin (NIM) dropped 0.15 percent until the end of January 2010.
"The NIM slides from 6.23 percent earlier to 6.08 percent, or several basis points," he said here on Tuesday.
He said the drop occurred after private banks gave interests which were lower than the weeks` before.
"This happened because private banks started extending credits so that interests dropped," he said.
Muliaman said Bank Indonesia would not intervene in connection with the in the margin between credit and deposit interests in the national banks.
"Actually if lending starts again the NIM will drop by itself," he said.
He said the NIM in Indonesia usually stands between five and six percent while that in neighbouring countries it is between three and four percent.
"There is no ideal NIM range. But what is clear is it is not something we are specializing. What is important for us is to push lending so that the NIM will drop," he said.
Muliaman said right now Bank Indonesia is focussing more on reducing credit interests although the bank until now had not discussed an agreement on interest reduction.
"Regarding the agreement we will see. We are still concerned more about reducing the credit interest, why it would still not drop," he said.
"The NIM slides from 6.23 percent earlier to 6.08 percent, or several basis points," he said here on Tuesday.
He said the drop occurred after private banks gave interests which were lower than the weeks` before.
"This happened because private banks started extending credits so that interests dropped," he said.
Muliaman said Bank Indonesia would not intervene in connection with the in the margin between credit and deposit interests in the national banks.
"Actually if lending starts again the NIM will drop by itself," he said.
He said the NIM in Indonesia usually stands between five and six percent while that in neighbouring countries it is between three and four percent.
"There is no ideal NIM range. But what is clear is it is not something we are specializing. What is important for us is to push lending so that the NIM will drop," he said.
Muliaman said right now Bank Indonesia is focussing more on reducing credit interests although the bank until now had not discussed an agreement on interest reduction.
"Regarding the agreement we will see. We are still concerned more about reducing the credit interest, why it would still not drop," he said.
