Jakarta, 27-29 May 2009 - World...
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Jakarta, 27-29 May 2009 Presented by: Presented by: Sasmaya Tuhuleley
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Transcript of Jakarta, 27-29 May 2009 - World...
Jakarta, 27-29 May 2009
Presented by:Presented by: Sasmaya Tuhuleley
About BTN
1. Established in 1897, 100% owned by government of Republic of Indonesia.2. First and only specialized housing bank in Indonesia3. Fully support government housing programs especially for middle to low income
group since 1976.
Board of Commissioners
Key Management
Board of Commissioners1. Zaki Baridwan : President Commissioner2. Mulabasa Hutabarat : Commissioner3. Subarjo Joyosumarto : Commissioner4 Gatot Mardiwasisto : Commessioner4. Gatot Mardiwasisto : Commessioner
Board Of Directorsb l t id t i t1.Iqbal Latanro : President Director
2.Evi Firmansyah : Vice President Director3.Sunarwa : Director4.Saut Pardede : Director5 Irman Alvian Z : Director
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5.Irman Alvian Z. : Director6.Purwadi : Director
Vision, Mission, and Core Values
“A leading bank in housing finance”
VISION STATEMENT :
Giving pre-eminent service in housing finance andrelated industry as well as commercial and SME
MISSION STATEMENT: CORE VALUES:
SERVICE EXCELLENCErelated industry, as well as commercial and SMEloans.
Improving competitiveness through continuingproduct, service, and network innovation based onh l h l
SERVICE EXCELLENCE
INNOVATION
ROLE MODELthe latest technology. Preparing and developing qualified, professional
and high integrity Human Capital. Executing banking management as according to
ROLE MODEL
INTEGRITY
PROFESSIONALISM
ecu g ba g a age e as acco d g othe principle of prudential and good corporategovernance to increase shareholder value
Minding importance of society aspect and itsenvironment interaction
TEAM WORK
INTEGRITY
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environment interaction.
Products and Services
Provide mortgages to more than 2.5 million home buyers nationwide, most to g g y ,low income clients
Loan ProductsConsumer Loans: Non Subsidized Mortgage Subsidized Mortgage Home Equity Loans Shop Houses Ownership Loans
Commercial Loans: Housing Construction Loans Working Capital Loans Investment Loans
P id d it d th d t d i ith 3 5 illi f
Self Construction Loans Back to Back Loans Real Cash
Investment Loans
Provide deposits and other products and services with 3.5 million of customers
ServicesFunding Products Post Office Savings Savings Deposits Time Deposits Demand Deposits
Payment Points Money Transfers SMS Banking Money Changer
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p y g Travelers Cheque
Distribution Platform
Type of Dist. Network 2002 2003 2004 2005 2006 2007 2008Branch Offices 82 103 122 156 217 245 259
Post Offices Outlets 0 0 0 151 584 1,261 1,545ATM BTN 93 168 185 209 211 221 367ATM LINK Network - - - - - 6,700 7,640ATM BERSAMA Network - - - - - 12,700 14,295
In Dec 2005, Bank BTN signed an agreement with the Indonesian, g gPost Office to implement an on line system to connect post officeoutlets to Bank BTN branches. As of December 2008, post office online has increased to 1,545 units.
In 2005, Bank BTN started to open syariah business (Islamic bankingsystem) and as of December 2008, Bank BTN has opened 16branches.
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Branch distribution Network
Sumatra
Kalimantan /Borneo
Sulawesi
IrianIrian
40 Branch Offices
12 Branch Offices
17 Branch 4 Branch
Java + Bali
17 Branch Offices Offices
181 Branch Offices
62% of 330 million people live in Java and Bali Islands (7% area of the nation)
Most of branch delivery channels (65,38%)are located in Java
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Housing market in Indonesia
Housing Supply
Housing supply only + 450.000 units a year+ 150.000 units formal houses provided by real estate developers, and
T t l l ti 237 5 illi l d b t 50% f th l tiHousing Need
p y p+ 300.000 units self development houses
Total population + 237.5 million people, and about 50% of the populationlives in urban area
Housing deficit as of December 2008 + 8.1 million units.
Pluss additional + 800.000 new houses every year due to population growth.
Pluss about 13 million of existing housing stocks are substandard and need tobe replaced.
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Housing market in Indonesia
Housing needs in Indonesia is very huge, while effective d d i l
Housing demand
demand is very low. Indonesia needs to increase housing demand especially to low
income group by:
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Mortgage Market in Indonesia
Total Mortgage 2002 to 2008 (in IDR. billion) Total Mortgage by Segment (in IDR. billion) 2008
Low -Cost Housing; 49.766 ;
46%
Middle- Up Housing; 58.114 ;
54%
From 2002 to 2008 total mortgages
Source : Central Bank of Indonesia
Source : Central Bank of Indonesia
grew by 26,20% CAGR, but is still small (only about 2.4% of GDP).
Low cost housing composed of 46% of total mortgages in 2008
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Source : Central Bank of Indonesia 46% of total mortgages in 2008.
Major players
Mortgage Market in Indonesia
Major players
120 000
8 banks are considered as major players with more than 50% market share:
BTN mortgage portfolio vs other banks from 2004 to 2008 (in IDR billion)
100,000
120,000
17 919
24,707
%BTNBank NiagaBank MandiriBCABank Permata
60,000
80,000
12,421
14,577
17,919
BTN is the market leader
Bank PermataBank PaninBank LippoBank NISP
20 000
40,000
7,59
7
50,3
55
65,5
20
76,3
34
85,1
81
10,338
BTN is the market leader with 22% market share in 2008.
-
20,000
2004 2005 2006 2007 2008
37,
Oth B k B k BTN
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Other Bank Bank BTN
Source : Bank Indonesia and BTN
Low-Cost Housing Finance
Subsidy vs. non subsidy housing financed by BTN from 1976 to 2008
Low cost housing finance has been started by government through creating a subsidy program in 1976program in 1976.
More than 2 million houses have been delivered to low income group nationwide th h thi through this program.
BTN financed almost 100% of the total units.
U til 2008 BTN h fi d Until 2008 BTN has financed 2,044,615 units subsidy houses
BTN also financed 502.097 units non subsidy houses, most of y ,those houses are low-cost housing (less than 70 m2 houses)
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Source : BTN
Subsidized Mortgage Financing
Total units from 1976 to 2008Units Year Units %
1976 17 n.a1977 543 3094%1978 1.652 204%1979 7.630 362%
160.000
180.000
1980 18.557 143%1981 43.018 132%1982 64.005 49%1983 50.838 ‐21%1984 41.328 ‐19%1985 54.027 31%1986 67 723 25%
100.000
120.000
140.000 1986 67.723 25%1987 59.476 ‐12%1988 90.086 51%1989 113.598 26%1990 59.064 ‐48%1991 48.885 ‐17%1992 38.685 ‐21%
40.000
60.000
80.000 1992 38.685 21%1993 46.468 20%1994 68.929 48%1995 103.343 50%1996 148.246 43%1997 177.093 19%1998 109.596 ‐38%
‐
20.000
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
1999 51.541 ‐53%2000 97.057 88%2001 39.613 ‐59%2002 25.918 ‐35%2003 32.542 26%2004 49.444 52%2005 62 099 26%
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1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2005 62.099 26%2006 74.847 21%2007 93.669 25%2008 105.078 12%Source : BTN
Year Amount %
Subsidized Mortgage Financing
Year Amount %1976 37.500 n.a.1977 1.096.570 2824%1978 3.479.200 217%1979 17.593.450 406%1980 49.106.485 179%1981 116 159 200 137%
Loan Amount from 1976 to 2008IDR million
4.000.000.000
4.500.000.000
5.000.000.000
1981 116.159.200 137%1982 183.419.300 58%1983 208.182.505 14%1984 211.237.610 1%1985 316.499.458 50%1986 360.832.230 14%1987 259 983 765 28%
2.500.000.000
3.000.000.000
3.500.000.000
1987 259.983.765 ‐28%1988 400.306.860 54%1989 540.591.220 35%1990 272.953.759 ‐50%1991 255.651.128 ‐6%1992 205.338.011 ‐20%1993 261 495 475 27%
1.000.000.000
1.500.000.000
2.000.000.000
1993 261.495.475 27%1994 430.806.203 65%1995 644.989.548 50%1996 1.057.721.229 64%1997 1.355.997.995 28%1998 890.830.288 ‐34%1999 512 377 055 ‐42%
‐
500.000.000
1999 512.377.055 ‐42%2000 1.352.631.254 164%2001 564.115.762 ‐58%2002 438.395.198 ‐22%2003 722.039.026 65%2004 1.268.025.489 76%2005 1 774 730 253 40%
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2005 1.774.730.253 40%2006 2.471.173.748 39%2007 3.530.682.261 43%2008 4.630.178.847 31%Source : BTN
BTN’s Housing loan products
Types of products
Subsidized MortgagesNon Subsidized Mortgage
Housing Construction Working Capital Loans
iOther Housing Loans:
Self-Construction Loans
Self-Improvement LoansSelf Improvement Loans
Shop-Housing Ownership loans
Condominium ownership loans
Corporate Housing Ownership Loans
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Types of subsidy
Low-cost housing subsidy program
yp y
SubsidizedMortgage for
Si l H
• To finance low simple houses (“RSH”) ownership • Types of Subsidy:
• Interest buy down subsidySimple House (“RSH”)
• Interest buy down subsidy• Down payment subsidy
Types ofSubsidizedMortgage
Self-improvmentLoans for
Simple house (“RSH”)
• To finance self improvement simple house (“RSH”)• Types of Subsidy:
• Interset buy down subsidyD t b id
( )• Down payment subsidy
SubsidizedMortgage for
Low Cost Condominium
Ownership
• To finance low cost condominium (“Rusunami”) ownership • Types of Subsidy:
• Interset buy down subsidyDown payment subsidy
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Ownership • Down payment subsidy
S b id M h i
Low-cost housing subsidy program
Subsidy Machanism
Executing Banks Ministry of Housing(MoH)
Ministry of Finance(MoF)Koordinating Bank
Every year, MoH set the unit target of low cost houses for each bank involved indelivering subsidized mortgages.MoH with MoF set the total amount of subsidy budget in annual state budgetbase on unit target.The subsidy will be paid by MoF through koordinating bank in the monthly basisto each bank having financed subsidized mortgage.
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Low-cost housing subsidy program
Parties inveloved in the subsidy program
Banks
Goverment:Banks Regulation
SubsidyTax Relief
Other Agencies:
“Bapertarum” : down payment for goverment
DevelopersHome Buyers
payment for goverment employes“Jamsostek” : down payment for private employesemployes“YKPP” : down payment for armed forces
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Banks involved in subsidy program
Subsidized Mortgage from 2005 to 2008Koordinating bank : BTNExecuting banks:
BTNBNI 2005 2006 2007 2008BNIBRIBank MandiriBank NiagaBank Danamon
2005 2006 2007 2008
Target (Units) 114.000 140.548 136.300 140.500
D li d (U it ) 79 899 85 661 107 816 127 600Bank DanamonBank BukopinRegional Development Banks
Delivered (Units) 79.899 85.661 107.816 127.600
Delivered vs Target
69,6% 60,9% 79,1% 90,82
Only small number of banks involeved in financing subsidized mortgages
Source : Ministry of Public Housing
y g g gFrom 2005 to 2008 the unit targets delivered below 100%.
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BTN’s Share in subsidy program
BTN ‘ Sh
Tambahkan 2008
BTN ‘s Share
2005 2006 2007 2008 2005 2006 2007 2008National 79,899 85,661 107,816 127,600 BTN 62 099 74 847 93 669 105 078
Other Banks22 522
2008
BTN 62,099 74,847 93,669 105,078
Source : BTN 22,522 18%
Source : BTN
BTN105,078 82%
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BTN’s Subsidized vs Total Mortgage Portfolio
M t L t t l L
Other Housing Loans8%
Non Housing Loans3%
Mortgage Loan vs total Loans
IDR. billion
2008Type of Loans 2004 2005 2006 2007 2008
Mortgage Loans
ypMortgage Loans 11.775 14.082 16.350 19.957 27.356 Other Housing Loans 648 903 1.201 1.508 2.473 Non Housing Loans 185 377 534 889 945 89%
Mortgage Loans Composition
Non Housing Loans 185 377 534 889 945 Total Loans 12.608 15.362 18.085 22.354 30.774
SubsidizedNon‐
Other Mortgages ;
10%
IDR. billion2008
Type of Mortgages 2004 2005 2006 2007 2008Subsidized Mortgages 5 832 6 742 8 266 10 858 14 656 Subsidized
Mortgages; 53%
Subsidized Mortgages;
37%
Subsidized Mortgages 5.832 6.742 8.266 10.858 14.656 Non‐Subsidized Mortgages 4.504 5.678 6.311 7.059 10.051 Other Mortgages 1.438 1.661 1.773 2.038 2.649
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Total Mortgages 11.774 14.081 16.350 19.955 27.356
Source : BTN
BTN’s Subsidized Vs Total Mortgage NPL
4,87%5,00%
6,00%
Subsidized Mortgages
NPL (Gross) of Subsidized Mortgages is usually higher than NPL of total loans.
NPL f N S b idi d
3 34% 3 76%
4,12%4,01%
4,39%
4,14%
4,04% 3,91% 4,05%4,00%
Total Loans
NPL of Non-Subsidized Mortgages is usually lower than NPL of total loans
This trend never changes from
2 34%
2,67%
3,21%
2,66%
3,34%
3,21%3,43%
3,76%
2,94%
3,21%3,20%
3,00%
Other Mortgages
g2004 to 2008.
2,04%
2,34%
1,00%
2,00%
Non-Subsidized Mortgages
0,00%
2004 2005 2006 2007 2008
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Source : BTN
