"I never forced them (banks) to do so. We only invited them to talk and talk. We only showed them there can still be efficiency without changing the profit level," BI Governor Darmin Nasution said in Nusa Dua, Bali, on Thursday.
Darmin also said a number of large banks had started lowering their Basic Loan Interest Rate position such as BTN and Bank Mandiri.
Bank Indonesia was expecting banks to cut their loan interest rate as a follow-up to the BI Rate lowering which was also published in the 2012 Bank Business Plan which will be submitted to BI this December.
"We will analyze and study very well how banking industry assess and structure their asset and funding," he said.
Previously, Bank Mandiri lowered its basic loan interest rate position by 50 basis points as of 30 November, 2012 in all business segments.
The lowering effort consisting of the lowering on corporate loans to 10.50 percent, Retail loans lowered to 12.50 percent, mortgages to 11.25 percent and non-mortgage to 12.50 percent.
Earlier, the central bank stated banking loan interest rate although it is in the downward trend but it is still in the high position which has caused big net interest margin (NIM) standing at 6.07 percent in September.
The BI rate lowering by 75 basis points since October 2012 was expected to be a momentum for banks to cut their loan interest rates so that it becomes a stimulus for national economic growth which was threatened by a slowdown in world economic growth.
The central bank had previously revised its 2012 national economic growth forecast from 6.7 percent to 6.3 percent in view of continuing uncertainties about solutions to the European and US financial crises.
(Uu.A050/HAJM/H-YH)
(T.A050/B/A050/B/H-YH) 01-12-2011 21:18:24
Editor: Priyambodo RH
Copyright © ANTARA 2011
