Loans To The Riil Sector, North Sumatra Bank Ready To Support National Economic Growth

Photo: Doc. North Sumatra Bank

JAKARTA - North Sumatra Province has considerable economic potential, because it is the basis of various national leading commodities and manufacturing centers outside Java. If this potential is maximized, it will be able to become the center of national economic growth. As a bank owned by the North Sumatra Provincial Government, PT Bank Pembangunan Daerah Sumatra North Sumatra (Bank Sumut) is committed to supporting national economic growth, especially North Sumatra. Support is given through credit to productive sectors, including MSMEs. North Sumatra Bank President Director Rahmat Fadillah Pohan said the company strongly supports the revival of the national economy in line with the recovery of business activities and public consumption. "This is a commitment from Bank Sumut to continue to support national economic growth in order to improve and recover faster from the impact of the pandemic. We will finance sectors that can become the engine of economic growth so that they can accelerate the national economy, especially the North Sumatra region," said Rahmat Fadillah, in his statement, Thursday, September 29. One of the commitments to support Bank Sumut is by increasing credit allocations for productive sectors which are now growing quite significantly. As is the case with the manufacturing sector or the processing industry, at the end of the first semester of 2022, the company's credit disbursement to the sector rose to 446 percent from the same period the previous year. Another sector that has also experienced an increase is credit disbursement in the construction sector. The company's credit growth allocated to the sector at the end of June 2022 was recorded to have increased by 15 percent year on year. "The high growth in credit disbursement in the two productive sectors also raises the company's optimism for the national economy which has risen again after the COVID-19 pandemic. We will continue to support so that the rising economic sectors can be more accelerated," said Rahmat. Commitment to MSMEs Not only to large-scale business actors, Bank Sumut also supports MSME players to rise again through the provision of People's Business Credit (KUR) facilities. As is known, this type of credit is needed by small and micro business actors to be able to survive the impact of the pandemic. As of June 30, 2022, the outstanding distribution of North Sumatra Bank KUR reached IDR 3.8 trillion, an increase of 29 percent compared to the same period in 2021 of IDR 2.9 trillion. The composition of the KUR loan consists of IDR 877 billion used for working capital purposes, and the rest amounted to IDR 621 billion for investment purposes. In terms of recipient customers, these facilities have been distributed to 31,644 KUR customers, an increase of around 29 percent year on year. "In the future, we will focus on continuing to provide KUR facilities in order to empower MSMEs. As is known, these business actors have been the backbone of the national economy," said Rahmat. Performance that is Sustainable In the midst of uncertain economic conditions due to the COVID-19 pandemic, Bank Sumut still posted a solid performance. Supported by a reliable team, the company managed to carve good and well-maintained performance. At the end of the first semester of 2022, the company recorded a net profit of IDR 345 billion, or grew 12.4 percent year on year. The outstanding lending until the first half of 2022 was IDR 26.36 trillion. This number increased by 8.5 percent from the same period the previous year. From the loan disbursement, the company managed to maintain the ratio of non-performing loans (net) at the level of 1.61 percent or improving from the period at the end of June 2021 at the level of 2.12 percent. The third party fund (DPK) that the company managed to raise in mid-2022 amounted to Rp34.43 trillion, an increase of 7.1 percent year on year. The composition of third party funds consists of deposits of Rp13 trillion, savings of Rp11.03 trillion, and demand of Rp10.4 trillion. "We will always maintain the performance that has been achieved by Bank Sumut so that we can always provide value to our stakeholders," concluded Rahmat.