Bank Mandiri Claims To Distribute Loans To The Infrastructure Sector Increase Job Opportunities For The Community

Illustration (Photo: Doc. Antara)

JAKARTA - Chief Economist of PT Bank Mandiri Tbk (Persero) Tbk Andry Asmoro said that the distribution of financing to the infrastructure sector can encourage increased employment opportunities for the community. According to him, the company's contribution can indirectly support national economic growth more broadly.

"Infrastructure projects have a large multiplier effect on the economy, including the creation of job opportunities," he said in an official statement on Wednesday, May 11.

Andry explained, based on the results of internal research by the Bank Mandiri Economist Team, it was found that by mid-2021 the construction sector had succeeded in employing more than 8.29 million people.

He said, in the medium and long term, infrastructure development could also have a positive impact on derivative industries such as electricity and gas procurement, provision of food and drink accommodation, transportation and warehousing to processing and property industries.

"In line with the government's success in handling COVID-19 well, infrastructure projects this year will be more massive and optimal. This will have a positive impact on economic growth, especially in the regions," he said.

To note, this bank with the stock code of BMRI recorded credit growth in the infrastructure sector of 2.93 percent year on year (yoy) to Rp226.8 trillion at the end of March 2022.

Of this value, the financing that has been disbursed for road construction has reached Rp41.7 trillion and for transportation development of Rp57.7 trillion.

This moncer score also boosted credit to the wholesale segment which reached Rp. 1,072.9 trillion in the first quarter of 2022 or rose 8.93 percent yoy.