JAKARTA: PT Sarana Multigriya Finansial (SMF) reviews opportunities to extend IDR100 billion-IDR200 billion loans to PT Bank Pembangunan Daerah of South Sumatera Bangka Belitung.Director of SMF Sutomo said the Palembang, South Sumatera-based bank will use the funds for distributing the mortgage loan.The lending amount is still not set and the bank has only expressed its interest to us. Hopefully, it will run smoothly, he said on Tuesday night.According to Sutomo, the lending plan is currently still under pricing process to determine the loan interest to be applied to the debtor.The company is also offering loans and securitization of the mortgage loan assets to a number of Regional Development Banks(BPDs) and general banks. According to him, the securitizaton of mortgage assets can add to the companys cash and enable it to distribute more credits and mortgage loans.The company has disbursed IDR200 billion loan to the sharia unit of PT Bank Tabungan Negara Tbk (BTN). The fund was recently converted into medium term notes (MTN) worth IDR200 billion on December 30. The MTN will mature in 360 days with 8.5% coupon per annum.This year, he added, the company is targeting to be able to channel IDR1.2 trillion financing to the mortgage lenders.SMF President Director Erica Soeroto said the company until now has only cooperated with four multifinance companies, i.e. PT Finansia Multifinance, PT Bhakti Finance, PT Ciptadana Multifinance, and PT First Indo American Leasing that recently signed a contract with SMF.In Presidential Regulation (Perpres) No. 9/2009 about Financing Institutions and in Ministry of Finance's Regulation (PMK) No.84/2006 stated that housing finance is included into the consumer financing segment. Other multi-finance business segments are leasing, factoring and credit card.Capital injectionSutomo also said that the government's plan to increase capital to SMF as much as IDR1 trillion is estimated to realize by this mid year. The schedule is actually on advance from its initial plan at the end of 2011 or early 2012.It seems that the increase of capital is advanced because it is initially scheduled at the end of this year or even early next year depending on the state budget, said Sutomo. (T06/NOM)
Cek Berita dan Artikel yang lain di Google News dan WA Channel
