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BRI aims to increase loans for SOEs to Rp 90 trillion
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State-owned bank BRI president director (third right) and members of the bank's executive board speak to journalists after chairing the company's shareholders' meeting in Jakarta on March 23. (Antara/Widodo S. Jusuf)
I
ndonesia’s most profitable lender Bank Rakyat Indonesia is hoping to disburse at least 14 percent of its 2016 loans, or Rp 90 trillion (US$6.8 billion) out of a loan target of Rp 642 trillion, to state-owned enterprises (SOEs).
BRI business and small and medium-sized enterprises (SMEs) director Muhammad Irfan said credit disbursement for SOEs in 2016 would increase 28.6 percent from 2015. 2015 loans to SOEs stood at Rp 70 trillion.
"The loan increase to SOEs from Rp 70 trillion to Rp 90 trillion is in line with the government’s expectation to have SOEs operate as agents of the national economy," he said during a visit to Sukabumi in West Java, as reported by kompas.com on Wednesday.
The loans, he further explained, were mainly allocated to infrastructure, energy and food security programs.
In the first quarter of the year, BRI has allocated Rp 75 trillion in loans to SOEs. The logistics agency Bulog, state-owned electricity company PLN, and state-owned energy giant Pertamina were among state-owned companies that received the loans. (ags)
