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.
Government
B
Bank Indonesia
QJ
OJK
Automotive Sector
Giving VAT Incentives on Luxury Goods
Borne by the Government for Motor
Vehicles through PMK No. 20 of 2021
•
Expanded to: Car which produced within the
country with an engine capacity of 1,501 <
CC <2 500 with local purchases > 60%.
• The PPnBM Discount stimulus is given in
stages:
As for 4x2: 50% during April-Aug and 25%
for Sep-Dec 2021.
➤ As for 4x4: 25% during Apr-Aug and 12.5%
during Sep-Dec 2021.
Relaxation of down payment
requirements on automotive
loans/financing to minimum 0% for
all new motor vehicles, while
maintaining prudential principles
and risk management as stipulated
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
Property Sector
Giving Government-Borne
VAT
Incentives Borne by the
Government for the Submission of
Landed Houses and Apartment
Residential Units through PMK No.
21 of 2021
Relaxation of
Loan/Financing-to-Value
(LTV/FTV) ratio on housing loans/financing
to maximum 100% on all residential property
(landed houses, apartments and shop
houses/office houses) for banks meeting
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.
Source: Coordinating Ministry for Economic Affairs
20
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