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BNI propels growth of microcredit scheme
PT Bank Negara Indonesia (Persero) Tbk or BNI (stock code: BBNI), continues to strengthen the growth of the government microcredit program (KUR) this year.
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Amiko works on a wedding delivery of clothes and fabric for rent for Rp 300,000 to 500,000 in Denpasar on Dec. 12, 2019. (Photo: Zul Trio Anggono)
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T Bank Negara Indonesia (Persero) Tbk or BNI (stock code: BBNI), continues to strengthen the growth of the government microcredit program (KUR) this year. BNI is aiding the economic recovery along with its other strategic efforts in encouraging the performance of micro, small and medium enterprise (MSME) borrowers.
BNI’s KUR credit balance as of April was Rp 47.6 trillion (US$3.2 billion), with an increase of 28.9 percent year-on-year (yoy). BNI institutional relations director Sis Apik Wijayanto said BNI was a government agent that channeled KUR as a proactive measure to pursue growth in the MSME segment.
The government expects BNI to get an additional KUR allocation of up to Rp 38 trillion in 2022. This value has risen 22.7 percent from the 2021 allocation of Rp 30.95 trillion.
“We strive to maintain this momentum of growth in BNI’s MSME segment to help more MSMEs improve their performance this year.” Sis said. He added that the company had 3 main strategies to boost KUR performance this year.
First, BNI would encourage the distribution of cluster-based KUR, including by focusing on the regional agricultural structure. Second, BNI would increase financing to corporate borrower-partners through a value chain scheme. “Lastly, we will use credit digitization tools and collaborate with strategic partners to support the optimization of MSME big data, which accelerates distribution while improving credit quality,” Sis concluded.
