Reaching Mid-Year Target, Government Approves Bank Mandiri KUR Addition Of IDR4 Trillion
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JAKARTA – PT Bank Mandiri Tbk. It is said that it has received government approval regarding the addition of the People's Business Credit (KUR) budget with a value of Rp. 4 trillion. This confirmation was conveyed by Bank Mandiri SEVP Micro & Consumer Finance Josephus Koernianto Triprakoso.

"Our request for an additional KUR quota was approved by the government in 2021, which previously amounted to Rp. 31 trillion and an additional Rp. 4 trillion was given, so that Bank Mandiri's KUR quota this year will be Rp. 35 trillion," he said in a press statement quoted on Sunday, July 25. .

According to Josephus, this cannot be separated from the company's achievements which have reached the target of distributing funds in the first half of 2021.

"We are optimistic that we will be able to encourage the distribution of KUR through the existing potential, and can achieve the KUR target at the end of the year as mandated by the government," he said.

For information, until June 2021, the bank with the issuer ticker BMRI has succeeded in disbursing People's Business Credit amounting to Rp19.68 trillion to 200,339 debtors.

Of the distribution value, as much as 58.03 percent or equivalent to Rp. 11.42 trillion has been channeled to the production sector which includes the sub-sectors of agriculture, fisheries, processing industry, production services and their derivatives.

“In the remainder of the year, Bank Mandiri will focus more on the distribution of KUR in the agriculture, plantation, livestock and fishery sectors, which still have relatively large potential because they support domestic food security. In addition, the prospects for these sectors are still good and will not have a significant impact on the COVID-19 pandemic," he explained.

Bank Mandiri is also reported to have carried out a restructuring program for KUR debtors affected by the pandemic in the form of delaying principal and interest payments.

"We hope that this effort can be a catalyst to help accelerate the recovery of the national economy, especially in the MSME sector," concluded Josephus.


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