The Association of Indonesia Syariah
Banks
urged Bank Indonesia to ease regulations of gold pawning as restrictions
applied by BI caused portofolio of
gold pawning to drop drastically to only Rp
250 million at the highest.
Chairman of Asbisindo Yuslam Fauzi
said that BI s regulation had made pawn business to loose steam which was
previously being aggressively enhanced by banks “: In the past gold pawn was in
full swing, but now it’s losing steam” he said in Jakarta on Monday [17/9].
Portofolio of gold pawn at the value
blow Rp 250 million was
admittedly showing increase whilst in portofolio gold at the value above Rp 250 million was showing significant
downturn. “The high ones plunge drastically, it can come to billions of Rupiah.
The small ones are not so notable” Yuslam remarked.
Furthermore Yuslam
said that he was taking several measures or create the right business prospect
whereby to uplift portofolio of gold pawn. According to Yuslam,
supposedly regulations did not restrict but did not reduce risk management so
inter-bank competition can go on. For that matter Yuslam
said, BU would review the rules released. “Gold pawning is still in the process
of trial and error, trying to find the right format” we concluded.
Business News - September 21, 2012
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