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Rp. 150 trillion will be contribute to financing needed in 2008

Association of Indonesia Financing Company (AIFC) has targeting Rp. 150 trillion to contribute their credit facility to the market in 2008. This target amount is equivalent with increasing 15 percent growht’s from the last year (2007).

2007, AIFC has succes to contributing their credit facility Rp. 130 trilion. For 2008, the target not really difficult to realize. It caused by our good condition for macro economic. Banking indicator also shown the good condition and curently the interest rate of Central Bank also decrase become to 8 percent per annual.

As per experience on last 2004 year, the decrease of interest rate has influence to increasing the growht of financing needed and as per prediction, it will be done also for the next year (2008).

AIFC always try to decreasing the Non-Performing Loan (NPL) ratio. As we know that the decreasing of NPL ratio will be impact to cost efficiency and finally it will be decreasing the interest rate for financing needed to consument

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