BRI Ready To Distribute IDR 55 Trillion Funds From The Government In 1.5 Months

BRI (Photo: dock. Antara)

JAKARTA - President Director of PT Bank Rakyat Indonesia Tbk (BRI) Hery Gunardi revealed that government funds amounting to Rp55 trillion placed in BRI can be distributed in about one to one and a half months.

Hery explained that BRI consistently recorded daily lending, especially for micro, small and medium enterprises (MSMEs), with a value of around IDR 1.5 trillion per day so that with this rate, the total funds of IDR 55 trillion are expected to be absorbed in a relatively short time.

"If it's like BRI, it's simple, yes, we have a one-day loan booking, especially for MSMEs, it's only around Rp. 1.5 trillion per day. So if for example 30 days of money has run out, one month, one month and a half is finished," he told the media crew at the Coordinating Ministry for the Economy's Office, quoted Wednesday, September 17.

He added that demand for financing in the productive sector, especially MSMEs, is already available, so that the distribution of funds can run optimally.

"Because of the demand, we do exist," he said.

Furthermore, Hery emphasized that BRI continues to apply the precautionary principle in the credit distribution process in order to avoid potential problems with credit in the future.

He said that BRI would conduct a thorough assessment of prospective debtors and would only provide financing to parties who have good business prospects and payment capabilities.

"Selecting. Yes, of course, there is a good assessment. We must also know that basically our credit must be returned, this is not CSR, but is to provide financing, which basically has a business and has a potential business that can provide revenue and it can be paid in installments," he said.

Previously, BRI Corporate Secretary Dhanny said that his party welcomed this policy because it would strengthen liquidity, especially in lending to the MSME sector.

"BRI has received a placement of Government funds of Rp55 trillion and positively welcomes the placement of these Government funds which will strengthen bank liquidity in lending, especially in the MSME segment," he told VOI, Monday, September 15.

He explained that the placement of these funds is expected to be able to have a positive multiplier effect for national economic growth.

Dhanny said that in its management, BRI will always apply prudential banking principles and maintain good governance standards.

"BRI will continue to prioritize prudential banking principles and good governance in managing the placement of the Government," he concluded.