Following Up On The Agreement, Cement Indonesia Distributors Get Banking Services From BTN

Illustration of Bank BTN (Photo: Doc. Antara)

JAKARTA - PT Bank Benchsa Negara (Persero) Tbk (BBTN) is ready to provide banking services to Cement Indonesia Group distributors. This is a follow-up to the cooperation agreement for providing financing distributor facilities between the two parties.

Director of Distribution and Funding of Bank BTN Jasmin in Distributor Gathering as stated in Jakarta, Wednesday, said that the company will provide banking services to Cement Indonesia Group distributors in the form of credit facilities, both small and medium enterprises (SMEs) to commercial and cooperatives.

"Bank BTN wants to help Cement Indonesia Group distributors and their building store partners with financing distributor facilities and partnership patterns owned by Bank BTN," he quoted Antara as saying.

In addition, the company will also provide other supporting services that can facilitate distributor transactions such as QRIS, EDC, gyro and cash management system (CMS).

He revealed that BTN is committed to distributing credit facilities for financing distributors to 60 Semen Indonesia Group distributors throughout Indonesia, with potential credit that can be distributed reaching Rp200 billion.

"As a bank that focuses on housing financing, we have more than 6,000 developer partners. Of course, we will also help open up new opportunities for cooperation for fellow distributors and BTN development partners," said Jasmin.

He continued that the company will continue to support and become a pioneer in the development of the housing ecosystem, one of which is participating in developing the cement industry ecosystem in Indonesia as an effort to support Bank BTN's vision to become The Best Mortgage Bank in Southeast Asia in 2025.

Bank BTN recorded a net profit of IDR 3.04 trillion in 2022, up 28.15 percent year on year (yoy) from the previous IDR 2.37 trillion in 2021.

The company noted that credit and financing grew by 8.53 percent yoy, from Rp274.83 trillion to Rp298.28 trillion as of December 31, 2022.