The banking sector channelled credits totalling Rp35.9 trillion to small-and medium- enterprises (SMEs) in the January-July period this year, Deputy Governor of the central bank (Bank Indonesia-BI) Miranda Gultom said here on Thursday.
The government will offer its entire 45per cent stake in state credit insurance firm PT Asuransi Kredit Indonesia (Askrindo) to strategic investors under this year's privatisation programme, a government official said.
Multifinance loans shot up by 34 per cent year-on-year to Rp42.94 trillion (US$4.77bn) by the end of the first quarter of this year, according to Bank Indonesia.
Bank Indonesia will push the country's banking sector to allocate a greater amount in loans to small- and medium-sized enterprises (SMEs) this year as part of its efforts to accelerate economic growth, a top official has said.
The Asian Development Bank (ADB) said it had signed a US$85 million export credit agreement with six Indonesian banks, including Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI), to help small- and medium-sized enterprises (SMEs) in the
In another attempt to speed up the poverty eradication drive, the House of Representatives approved on Monday plans to set aside Rp 3,100bn (US$365m) of working capital for small- and micro-scale businesses.
Bank Danamon, the country's fifth-largest bank in terms of assets, is currently undergoing a re-evaluation of its business strategy after Asia Financial Indonesia Pte. Ltd (AFI) became its new owner in June. Asia Financial Indonesia Pte.
Astra International's Dharma Bhakti Astra Foundation (YDBA) will provide Rp20bn (US$2.3m) in technical assistance to small- and medium-sized enterprises (SMEs) in the handicraft and automotive and motorcycle sectors next year.
Asia Pulp & Paper Co (APP) has signed a US$6.7 billion restructuring agreement with key creditors.
Shareholders of state-owned Bank Mandiri on Monday (29 September) approved the bank's plan to grant Rp2,000bn (US$238m) debt retrenchment, mostly to debtors in the small- and medium-sized enterprises (SMEs) sector, in a bid to help improve the rec
