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PNM targets funding distribution of Rp 26 trillion

22 November 2019 14:53

JAKARTA. PT Permodalan Nasional Madani (Persero) or PNM)has submitted a target of funding distribution for 2020 of Rp 26 trillion to the Financial Services Authority (OJK) and PNM shareholders.

"We have submitted the draft of our plan to the OJK to obey OJK Regulation (POJK) number 16 of 2019 regarding PNM Supervision," said Arief Mulyadi,  President Director of PNM, as reported by Kontan on Friday (22/11) today. "We will discuss the draft later with shareholder, Ministry of SOEs," he added.

Mulyadi added that PNM was also targeting 7.7 million of pre-welfare female customers.

As of 21 November 2019, PNM noted that its funding distribution had reached Rp 20.6 trillion. As much as Rp 17.5 trillion of funds are channeled through their financing product, Mekaar (Membina Ekonomi Keluarga Sejahtera), while the remainder is through ULaMM (Unit Layanan Modal Mikro) product. (KR/AR)

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