Bank Sumut Disburses IDR 7.7 Trillion Of MSMEs Loans During Q1 Of 2021

Sumut Bank. (Photo: Special)

JAKARTA - PT Bank Pembangunan Daerah Sumatera Utara or Bank Sumut recorded the distribution of micro, small, and medium enterprises (MSMEs) loans amounting to IDR 7.7 trillion during the first quarter of 2021.

In his statement, Corporate Secretary of Bank Sumut, Syahdan Ridwan Siregar said the large and small scale retail segment still dominates credit absorption in this sector.

"The contribution reached 13.9 percent", he said Tuesday, April 13.

Nevertheless, Shahdan said that the realization in the first three months of this year decreased by 14.4 percent compared to the same period in 2020. Meanwhile, credit disbursement in the first quarter of 2020 amounted to IDR 8.9 trillion with more than 75.000 debtors.

Therefore, the company continues to prioritize prudence in carrying out the banking intermediation function in order to keep the credit ratio at a safe level. Moreover, the pandemic situation requires banks to be extra prudent in disbursing financing.

"We put existing debtors first", he said.

Meanwhile, some types of MSME debtor businesses that are affected deeply due to COVID-19 come from tourism businesses, hotels, and restaurants.

According to the information gathered by the editor, the bank prides the people of North Sumatra to get the placement of funds from the government of IDR 1 trillion as part of efforts to accelerate the process of national economic recovery (PEN).

By the company, the budget support was then placed to support the business activities of the banks of the people's business credit segment (KUR) as well as the super micro KUR with the distribution period until October 2021.

For information, throughout 2020, Bank Sumut is known to record a net profit of IDR 515 billion. The record contracted 5.3 percent from the 2019 period of IDR 544.7 billion.

The bank's outstanding credit was stable at IDR 23.6 trillion, and the company's assets grew 5.6 percent to IDR 33.5 trillion as deposit growth (third party funds) increased 7 percent to IDR26.9 trillion.