JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) channeled Rp 9.15 trillion in loans to 36,000 debtors as of August 13, 2020 after receiving Rp 5 trillion in fund placement from the government on June 25.
“Our commitment is to channel three times [of the government fund placement] or Rp 15 trillion until September 2020,” said BNI MSME Director Tambok P. Setyawati in a virtual press conference on Tuesday (18/8) as quoted from Antara.
In channeling government funds, Ms Setyawati added, BNI prioritises MSMEs across Indonesia as well as corporations that focus on export, labour-intensive sectors, and food security.
Previously the government placed a total of Rp 30 trillion in state-owned banks, including BNI which received Rp 5 trillion. In addition, the government also placed Rp 11.5 trillion in seven regional banks.
The fund placement aims to provide space for banks in channeling loans to MSMEs, which in turn is expected to encourage economic recovery in the third and fourth quarters of the year. (MS)