The Economy Continues To Recover, Bank Mandiri Is Optimistic That The IDR 35 Trillion KUR Target Can Be Achieved

JAKARTA - PT Bank Mandiri Tbk. He is optimistic that he will be able to realize the entire target of distributing People's Business Credit (KUR) of IDR 35 trillion until the close of 2021.

"As the domestic economy begins to recover, Bank Mandiri is increasingly actively promoting the distribution of people's business loans (KUR) to accelerate recovery in the micro, small and medium enterprise (MSME) sector," said Bank Mandiri SEVP Micro & Consumer Finance Josephus K. Triprakoso. in an official statement, Thursday, November 25.

According to Josephus, positive indications are reflected in the achievement of KUR until the end of last October which had touched Rp. 31.75 trillion or 90.73 percent of the target. The funds were distributed by the company to more than 324,000 debtors throughout Indonesia.

"When broken down by business sector, the majority is channeled to the production sector with a value exceeding IDR 18.55 trillion or around 58.42 percent of the total realization," he said.

Furthermore, Josephus explained that in the remainder of the year, Bank Mandiri would actively focus KUR on the production sector to support government programs to help recover the national economy from the impact of the COVID-19 pandemic.

"The production sector still has a relatively large distribution potential. In addition, several derivative sectors also have good prospects," he asserted.

Josephus added that the distribution of KUR in the production sector is currently still dominated by the agricultural segment of Rp 9.04 trillion or 28.47 percent. This is claimed to be in line with efforts to prioritize the agricultural sector to support food security in the country.

Meanwhile, other production sectors, such as production services and the manufacturing industry, still have great potential for growth.

Therefore, the business entity with the stock code of BMRI continues to accelerate the distribution of KUR in the last two months of this year. One of the strategies that the company has implemented is optimizing the Mandiri Smart application to speed up the loan disbursement process.

Josephus explained, his party has expanded the schemes of financing products in the production sector for certain commodities, especially in the agricultural sector, which adjusts to the needs of the planting period where principal and interest can be paid at harvest.

"Along with improving economic growth, we are optimistic that we will be able to encourage the distribution of KUR through the existing potential, and can achieve the KUR target mandated by the government," he concluded.