JAKARTA - Bank Mandiri expressed its appreciation to the Ministry of Finance for the policy of placing the Surplus Budget Balance (SAL) funds in the national banking sector. The policy has proven to contribute positively to strengthening the liquidity of the banking industry, while encouraging a more optimal intermediation function in supporting national economic growth.
Bank Mandiri President Director Riduan said that the placement of SAL funds showed good synergy between the government and the banking sector in strengthening the resilience of the financial sector and maintaining the momentum of economic growth.
"We are grateful for the trust of the Ministry of Finance which places SAL funds at Bank Mandiri. SAL funds are part of the ecosystem of the country's economic drivers whose contributions are felt directly in supporting credit growth and community needs," said Riduan, in an official statement, Saturday, June 27.
Furthermore, Riduan said, close collaboration with the government is an important foundation in strengthening the effectiveness of fiscal policy while supporting the optimization of the intermediation function of the banking sector, including in the distribution of financing to productive sectors.
"This collaboration further strengthens Bank Mandiri's commitment to continue to play its role in channeling healthy and sustainable financing to sectors that support the people's economy," added Riduan.
Meanwhile, Bank Mandiri's Finance & Strategy Director Novita Widya Anggraini added that the presence of the SAL fund has a measurable positive impact on the funding structure, including the efficiency of fund costs which directly expands the space for credit distribution.
Bank Mandiri's focus going forward remains on solid third-party fund growth, supported by sustainable collection of cheap funds through the strengthening of the ecosystem and digital acceleration. This strategy is an important foundation for Bank Mandiri's strong and resilient funding structure.
In terms of credit distribution, Bank Mandiri projects growth in line with the industry's pace until the end of the year. The company will continue to optimize the intermediation function selectively while prioritizing the principles of prudence and disciplined risk management.
"As a strategic partner of the government and a driver of the people's economy, Bank Mandiri's credit distribution is focused on the MSME segment which has a major role in driving the national economy. By prioritizing the principle of prudence and maintaining asset quality in a disciplined manner, Bank Mandiri is ready to make a positive contribution in supporting the government's priority agenda," concluded Novita.
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