Jakarta, CNBC Indonesia – The Association of State-Owned Banks (Himbara) is committed to using government deposit funds placed in four state-owned banks in the amount of Rp 30 trillion to increase credit expansion (leverage) increased three times in 3 months to Rp 90 trillion.
The four BUMN banks are PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Mandiri Tbk (BMRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Tabungan Negara Tbk (BBTN).
Bank BRI President Director Sunarso explained that several sectors that would be targeted in the effort to channel company loans after receiving funds from the government. Some sectors include sectors related to meeting food needs and their distribution.
“The tourism sector, transportation during the opening of the PSBB [pembatasan sosial berskala besar] “Measured discipline will begin to move. We will share duties at Himbara, so there are banks that focus on food and those in tourism, construction so that they move back, then also in the housing sector,” Sunarso said, at a joint press conference at Bank Indonesia on Wednesday ( 7/1/2020).
“These are the sectors that we are aiming for leverage funds 30 trillion to 90 trillion, “he said.
In addition, segments will also be adjusted and prioritized to MSMEs, whether later credit to agriculture, transportation, tourism. housing, construction and prioritizing to MSMEs.
“There are non-MSME principals who can leverage economic growth and are eligible to become targets market too. Maybe someone can support exports and imports at BNI, housing at BTN, transportation tourism can be Mr. Royke [Bank Mandiri], “said Sunarso.
On the occasion, Bank Mandiri President Director Royke Tumilaar added that the company would enter sectors which were quite prepared.
“For example, we are in the field of corporation, but that does not mean we are not included in micro, MSMEs and selected corporations we will help finance as long as this economic situation we can expand, we can see this is important because we maintain health protocols and expand if we see easing from “the government will trigger deeper penetration into the future,” Royke stressed.
“In the hotel trade sector, etc., this is a priority for us,” Royke said.
Herry Sidharta, Director of BNI, also said that his party would prioritize labor-intensive sectors that could stimulate economic growth.
“We start the gradual opening of the PSBB where the green zone, we enter there immediately give the economy that has been rested, this is our opportunity in Q3 and Q4 for speed up growth and hopes to recover again to be able to seize the opportunities that already exist,” he said.
“What needs to be improved is transportation because our archipelago without transportation will not work, we hope that this will be done soon,” he said.
As for Pahala N Mansury, Managing Director of Bank BTN, said the company’s commitment this year is credit growth positively with the placement of funds from the government.
“As stated, we at BTN commitments in 2020 our credit will grow positively and with the placement of government funds, we will grow 3x 3 months,” he said.
“We are focused on housing, we believe that basic housing needs are in food and housing, we are sure demand there is. Outside the subsidized KPR, non-subsidized KPR, June demand“Until June 29, the demand was higher, around 30-40% from last May, it seems that the PSBB easing of housing demand has positive benefits, so we are optimistic that credit will last September until the end of the year.”
Sunarso said the placement of state funds in state banks amounting to Rp 30 trillion was intended to be a stimulus for state-owned banks so that the funds received could increase leverage at least 3 times in 3 months for credit expansion of Rp 90 trillion.
“This morning was a meeting in the context of coordination, ensuring the stimulus from the government to the bank aimed at maintaining sustainability, economic growth. We convey our readiness to be ready and commit the funds to leverage 3x,” said Sunarso.
The government through the Ministry of Finance officially places funds of Rp 30 trillion to four state-owned or Himbara banks. The purpose of the placement of funds is to increase the bank’s liquidity in carrying out government assignments.
BRI got IDR 10 trillion, Bank Mandiri IDR 10 trillion, while the remaining IDR 10 trillion was divided into BTN and BNI IDR 5 trillion respectively.
