BSI Waits For Implementation Instructions Regarding The Extension Of COVID-19 Credit Restructuring

BSI (ANTARA)

PT Bank Syariah Indonesia Tbk (BSI) has opened its voice regarding the discourse on extending the restructuring of COVID-19 credit until 2025. BSI Corporate Secretary Wisnu Sunandar said his party welcomed President Joko Widodo's proposal to extend the restructuring of financing affected by COVID-19 until 2025.

"The company will wait for implementation instructions and regulations issued by the regulator, in this case the Financial Services Authority (OJK)," he told VOI, Saturday, June 29.

In addition, he said, in the future BSI will focus on the retail and consumer segments which are proven to be more prudent and resilient and encourage healthy and sustainable financing.

Previously, Coordinating Minister for the Economy Airlangga Hartarto said President Joko Widodo asked that the COVID-19 credit restructuring stimulus which was due in March 2024 could be pushed back until 2025.

This was conveyed by Airlangga after attending the Plenary Cabinet Session regarding the Economy at the State Palace in Jakarta, Monday, June 24.

"Earlier there was a President's directive that the restructuring credit due to COVID-19 should have matured in March 2024, this was proposed to the OJK later through KSSK and the Governor of BI to resign until 2025," said Airlangga at the Presidential Palace in Jakarta.

He said the move was expected to reduce banks from causing losses due to People's Business Credit (KUR).

"If we look at the oustanding, it has decreased a lot in October 2020, there are IDR 830 trillion and March (2024) has dropped to IDR 228.2 trillion," he said.