PENGARUH SURAT EDARAN BANK INDONESIA No. 14/10/DPNP TERHADAP RISIKO KREDIT PERBANKAN SERTA PENGARUH PADA SEKTOR PROPERTI DAN OTOMOTIF

Abstract

Bank Indonesia issued a Circular Letter Bank Indonesia No.14/10/DPNP on March 15, 2012which regulates the amount of the Loan to Valueformortgages and Down Paymentfor vehicle loans.The policy was issued with the aim to reduce NPL (Non Performing Loan) risk and also to increase the credit quality of the bank. This study aims to analyze the impact that happens to credit risk, property companies and automotive companies. Results of this study was a decrease in the company’s stock price decline in property and sales at automotive companies which have a middle class target consumers. In addition, the policy also provides an opportunity to practice ‘shadow banking’ on non-bank institutions.

Keywords:Loan to Value, Down Payment, Credit Risk.