Sri Mulyani Assigns BRI to Disburse Rp122.5tn Loans in 6 Months

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Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - Finance Minister Sri Mulyani assigned state-owned Bank Rakyat Indonesia (IDX: BBRI) or BRI to disburse Rp122.5 trillion worth of loans over the next six months. In a hearing with the House of Representatives Commission XI, Sri said the government had assigned state-owned banks to extend credit in an effort to implement a national economic recovery (PEN) program.

    "For BRI, the credit expansion is focused on the MSME segment," she said on Monday, June 29.

    Each member of the State Banks Association or Himbara is also given tasks according to its specifications.

    According to Sri Mulyani, over the next six months BRI will disburse Rp122.5 trillion worth of credits. The micro segment is allocated 88.87 percent or Rp108.8 trillion.

    The loan expansion will be focused on the production sector (non-trade), with an amount of Rp71.32 trillion or 58.21 percent of the portion.

    In terms of domains, the MSME credit distribution will be focused on rural areas with an allocated amount of Rp69.04 trillion or 56.35 percent.

    Read also: Sri Mulyani: Free Electricity Program Extended until September

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