BRI targets Corporate Credit to Private Sector to Grow 23%

By keeping the focus for large companies that have a domino effect to the micro, small and medium enterprises , BRI ( Bank Rakyat Indonesia ) set a 23 % growth for private corporate loans .

         PT Bank Rakyat Indonesia ( Persero ) Tbk ( BRI ) seeks to reach targets 23 % credit growth in the private corporate segment , or to Rp46 , 72 trillion by the end of this year . Last year , the company recorded a growth of 56.53 % for corporate loans .

       "My goal , growth in private corporate loans (private ) 23 % . We are confident ( confident) can be achieved , " said Director of Commercial Business BRI Sulaiman Arif Arinto , told reporters in Jakarta , Wednesday, September 18, 2013 .

       According to him , with the slow landing of credit from Bank Indonesia, which has raised the benchmark interest rate ( BI rate) to 7.25 % , the company remains optimistic about the credit performance .

        " The target we are wholly 20-22 % credit . 23 % for private ( corporate nonBUMN ) . Of overall corporate loans , the private sector share of approximately 35 % , maximum 40 % . The majority are still state-owned , " he said .

          The Company recorded a private corporate loans amounting to Rp39 , 66 trillion at the end of June 2013 , grew 42 % in setahunan than Rp27 , 91 trillion at the end of June 2012 . While SOE loans grew 43.46 % from Rp45 , 53 trillion to Rp65 , 32 trillion . While the company's total outstanding loans rose 28.53 % from Rp304 , 81 trillion to Rp391 , 77 trillion , with a ratio of non-performing loans ( NPL ) of 1.81 % gross per end of June this year .

         " Corporations ( BRI ) is the first state-owned condition , both agribusiness many subsequent effect on MSMEs . The most widely palm agribusiness , this would not be allowed in the absence of plasma . Third , it is a company that has a direct effect on MSMEs . NPL until this moment 0.97 % gross , "said Sulaiman .

           While an appeal related to the central bank to reduce funding to the import -oriented sectors , he added , BRI has been a lot of finance capital expenditures related to the company , mainly export-oriented .