To Stimulate Bali's Economic Rise, Bank Owned By Conglomerate Hary Tanoesoedibjo Distributes IDR 50 Billion Working Capital Loans To BPR Kanti

Conglomerate Hary Tanoesoedibjo. (Photo: Instagram @hary.tanoesoedibjo)

JAKARTA - The government has officially imposed quarantine-free for foreign tourists or foreign travelers (PPLN) entering Indonesia via Bali since Monday, March 7th. The policy of eliminating quarantine for foreign tourists in Bali is considered capable of restoring the economy of the Island of the Gods.

The Central Statistics Agency (BPS) noted that before the pandemic, around 60 percent of the total foreign tourists landed at I Gusti Ngurah Rai International Airport. In 2019, it was recorded that 6.23 million foreign tourists landed in Bali. Along with the outbreak of the COVID-19 pandemic, the number of tourists has decreased since February 2020 until now.

In line with this spirit, PT Bank MNC Internasional Tbk (BABP) or MNC Bank as a business unit of PT MNC Kapital Indonesia Tbk (BCAP) under the auspices of the MNC Group continues to collaborate with Rural Banks (BPR). The bank's latest collaboration with the conglomerate Hary Tanoesoedibjo with BPR is with PT BPR Sukawati Pancakanti (BPR Kanti) from Bali.

Through this latest collaboration, MNC Bank disbursed loans worth IDR 50 billion to BPR Kanti. It is hoped that this distribution of credit will become one of BPR Kanti's weapons to support the government's efforts to restore the national economy.

The funds will be used by BPRs that have been operating for more than 30 years to increase their capacity in lending in both the Bali Province and West Nusa Tenggara Province. The granting of this credit facility was signed by MNC Bank Bali Branch Manager Herning Setiawati and BPR Kanti President Director Made Arya Amitaba.

"We are very happy and proud to be collaborating with BPR Kanti to restore Bali's economy to be even stronger," said MNC Bank's Business Director, Denny Hanubrata in an official statement, Thursday 17 March.

The collaboration between MNC Bank and BPR Kanti adds to the portfolio of banks with the issuer code BABP in credit facilities. Previously, MNC Bank had also collaborated with the Postra Cooperative, KopnusPos, the Wahana Raharja Indonesian Aerospace Family Cooperative, and the PT Pindad Bandung Employee Cooperative (Kopkar Pindad).

Through this collaboration, MNC Bank also participates in realizing the government's mission of targeting the Bali economy to grow by 5-6 percent by 2022. Bali is the main destination for travelers who travel to Indonesia.

"MNC Bank hopes that with this collaboration, BPR Kanti can provide the best financial solution to restore Bali's economy," said Denny.