Investor Presentaiton
Policy Synergy in the Property and Automotive Sector
The government, together with BI and OJK, have provided a stimulus to the property and automotive sectors to encourage public
consumption and at the same time improve the performance of the business sector and will continue in 2022.
Government
B
Bank Indonesia
QJ
OJK
Automotive Sector
Giving VAT Incentives on Luxury Goods
Borne by the Government for Motor
Vehicles through PMK No. 120 of 2021
which amend PMK No 5/PMK.010/2022
I ⚫ The PPnBM Discount stimulus is given in
stages:
➤ For LCGC (<=1500 cc; <= IDR 200 M): 100%
during Jan-Mar 2022; 66,6% during Apr-Jun
2022; 33,3% during Jul-Sep 2022
➤ For Vehicles (<=1500 cc; IDR 200-250 M): 50%
during Jan-Mar 2022
automotive
Relaxation of down payment
requirements on
loans/financing to minimum 0% for
all new motor vehicles, while
I maintaining prudential principles
I and risk management as stipulated
I by PBI No. 23/2/PBI/2021 effective
1st Mar 2021 31st Dec 2021.
Letter of the Chief Executive of
Banking Supervision and Non-Bank
Financial Institutions :
•
Relaxation of Risk Weighting
Policy for Credit Risk Weighted
Assets / Motor Vehicle Financing
Exemption from the Maximum
Credit Lending Limit to Battery-
Based Electric Motor Vehicle
Manufacturers
2
Loan/Financing-to-Value
Giving VAT Incentives Borne by the Relaxation of
Government for the purchase of new landed (LTV/FTV) ratio on housing loans/financing
houses and apartement through PMK 21 of
2021 which amend PMK 6/PMK.010/2022
The VAT Discount stimulus is given in
stages:
➤ 50% of the VAT where the selling price of
the property does not exceed IDR 2 billion
I
Property Sector
I
25% of the VAT where the selling price is
I
between IDR 2 billion and IDR 5 billion
during Jan-Sept 2022
Source: Coordinating Ministry for Economic Affairs
to maximum 100% on all residential property
(landed houses, apartments and shop
I houses/office houses) for banks meeting
I specific NPL/NPF criteria, and repealing
regulations on the gradual liquidation of
partially prepaid property, while maintaining
prudential principles and risk management,
as stipulated by PBI No. 23/2/PBI/2021
effective 1st Mar 2021 31st Dec 2021.
!
Relaxation of Risk Weighted
Assets for Credit / Mortgage
Funding Depends on the LTV /
FTV Ratio through the Letter of
the Chief Executive of Banking
and IKNB Supervision.
16View entire presentation