HomeNewsVideos

Bank Bukopin to channel Rp 1 trillion working capital loans to 590 car showrooms

21 May 2019 13:50

JAKARTA - PT Bank Bukopin Tbk (BBKP) targets the channeling of Rp 1 trillion in working capital loans to 590 car showrooms this year.

According to Bank Bukopin MSME Director Heri Purwanto, the target is in line with the company’s plan to increase the channeling of consumer loans in related segments.

“This year our target is to channel Rp 1 trillion in loans for working capital to showrooms. There are around 300 showrooms that we’ve partnered, and we’re currently looking for 290 more showrooms,” said Mr Purwanto as quoted by Bisnis.com, Tuesday (21/5).

Mr Purwanto added that Bank Bukopin remains optimistic with the working capital loan channeling because showrooms still have the opportunity to increase car sales due to the lack of integration in Jakarta’s public transport system. Middle-class consumers in general also prefer to use personal cars or ride-hailing services.

“It means the need for cars is still big. The demand is still high, and the market is there,” Mr Purwanto concluded. (MS)

© 2024 - IDN Financials - All Rights Reserved.