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Himbara

Rural co-ops to enjoy interest rate of just 6% on KMP microloans, Zulkifli says

Regulations 8 months ago

PREMIUM
Rural co-ops to enjoy interest rate of just 6% on KMP microloans, Zulkifli says

As the government rushes ahead to meet the KMP program's launch date on July 21, it risks leaving behind necessary legal support, including a Finance Ministry regulation currently being drafted and the Cooperatives Law revision being deliberated at the House.

Small businesses see sales sink 40-60%: BRI

Economy 1 year ago

PREMIUM
Small businesses see sales sink 40-60%: BRI

The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.

State-owned banks disburse $6b in working capital loans after govt fund placement

Business 5 years ago

State-owned banks disburse $6b in working capital loans after govt fund placement

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.

Banks ask OJK to extend debt relief program amid mounting COVID-19 cases

Business 5 years ago

Banks ask OJK to extend debt relief program amid mounting COVID-19 cases

Indonesian banks have restructured a total of Rp 769.55 trillion in loans as of July 6.

State banks to disburse $6.32b in loans to help businesses recover from COVID-19 hit

Business 5 years ago

State banks to disburse $6.32b in loans to help businesses recover from COVID-19 hit

“We will prioritize the disbursement to the micro, small and medium enterprises [MSMEs] segment in several sectors like food and distribution, tourism, transportation, housing and construction,” Himbara chairman Sunarso said.

Government places $2.12b in state-owned banks to accelerate economic recovery

Business 5 years ago

Government places $2.12b in state-owned banks to accelerate economic recovery

The funds will be kept in deposit accounts with interest rates of 80 percent of the central bank’s benchmark interest rate of 4.25 percent.

Value of restructured loans in state banks reaches $15 billion

Business 5 years ago

Value of restructured loans in state banks reaches $15 billion

According to the State-Owned Lenders Association (Himbara), micro, small and medium enterprises (MSMEs) are the biggest beneficiaries of the restructuring program

Government to delay dividend collection from SOEs as pandemic hits businesses

Business 5 years ago

Government to delay dividend collection from SOEs as pandemic hits businesses

The government expects this year’s dividend collection from SOEs to reach Rp 43.8 trillion, revised down from Rp 49 trillion eyed initially.

State banks say debt relief program could harm bottom line

Business 5 years ago

State banks say debt relief program could harm bottom line

The association of state-owned banks (Himbara) said the loan repayment relaxations could have a negative impact on the banks’ liquidity.

State-owned banks restructure loans worth US$8 billion

Business 5 years ago

State-owned banks restructure loans worth US$8 billion

Around 96 percent, 801,000 borrowers, came from the micro, small and medium segments.

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