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View all search resultsState-owned banks disburse $6 billion in working capital loans
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.
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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.
