The effectiveness of the execution of collateral security on problem financing at BTN KC syariah Solo

Abstract

Problematic financing is a problem that is often faced by financial institutions including BTN KC Syariah Solo. Therefore, BTN KC Syariah Solo certainly has various strategies to resolve problematic financing. One of them is to execute collateral. The execution of collateral is carried out as a last alternative in an effort to resolve problematic financing. However, in reality, the execution of collateral often encounters a number of obstacles. This study aims to determine the effectiveness and strategies to overcome obstacles in the implementation of collateral execution on problematic financing at BTN KC Syariah Solo. This study is a field research with a descriptive qualitative approach. The object of this study is BTN KC Syariah Solo. The data sources used are primary and secondary data. The data collection techniques used by the researcher are observation, interviews, documentation and triangulation. The results of the study state that the implementation of collateral execution on problematic financing at BTN KC Syariah Solo cannot be said to be effective. The strategy to overcome obstacles in the implementation of the execution of collateral rights carried out by BTN KC Syariah Solo is, conducting a visit to a notary, making a number of efforts to save problematic financing, the bank will continue to sell collateral until it is sold and there is no time limit, the bank tries to cooperate and ensure that the steps of the execution process are in accordance with legal provisions. Meanwhile, the strategy to overcome obstacles carried out by KPKNL is that KPNKL proposes the addition of auction officials so that services can be maximized and KPKNL collaborates with various parties to organize socialization related to auction application procedures and updates on auction-related regulations.