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Jakarta Post

State-owned banks disburse $6 billion in working capital loans

  • Riska Rahman

    Jakarta

Jakarta   /   Tue, September 22 2020   /  01:00 am
A teller counts rupiah banknotes at Bank Mandiri office in Jakarta in this file photo.(JP/Nurhayati)

  State-owned banks have collectively disbursed Rp 88 trillion (US$5.94 billion) in working capital loans using funds placed in them by the government, with almost all of the banks reaching their credit channeling target.   Three of the four State-Owned Banks Association (Himbara) members, namely Bank Rakyat Indonesia (BRI), Bank Mandiri and Bank Negara Indonesia (BNI), have all reached their target of disbursing three times the amount of government funds placed in them.   BRI president director Sunarso said on Thursday that the micro-business-focused bank had disbursed a total of Rp 30.2 trillion in working capital to 695,750 debtors as of Aug. 7, long before the government’s deadline of this month.   “Most of those loans are aimed at the micro segment, with around 56 percent of the recipients being existing customers and the rema...