The Bank Whose Shares Are Owned By Chairul Tanjung Distributes IDR 1.5 Trillion PEN Fund

Chairul Tanjung conglomerate. (Photo: Instagram Forbes Indonesia)

JAKARTA - PT Bank Pembangunan Daerah (BPD) North Sulawesi and Gorontalo (BSG) has distributed National Economic Recovery (PEN) funds of IDR 1.5 trillion in 2020.

"Of the targeted Rp2 trillion, the achievement has been 75 percent," said Director of BSG Jeffry Dendeng, in Manado, quoted from Antara, Wednesday, January 20.

The PEN funds in the bank, which 24.90 percent of the shares are owned by the conglomerate Chairul Tanjung, are indeed IDR 1.5 trillion, but the target must be doubled to become IDR 2 trillion. Jeffry said that this achievement is expected to be able to boost the economy in North Sulawesi.

He said the central government had officially disbursed IDR 11.5 trillion in funds to five Regional Development Banks (BPD).

The five BPDs are Bank DKI Jakarta, Bank Jawa Tengah Java, Bank Jabar and Banten, and Bank of East Java and Bank of North Sulawesi and Gorontalo (BSG).

The sectors that get this fund are construction, trade, agriculture, and so on.

"It depends on demand and supply. If the supply of MSMEs produces products to be sold, while demand is for who wants to buy. That's why demand is given consumptive credit," he said.

According to him, during this distribution, no significant obstacles were found, and his party continued to maintain credit quality, in order to avoid bad credit.