Bank Jambi and SMF forge Rp200 billion housing finance partnership

PT Bank Pembangunan Daerah Jambi (Bank Jambi) has entered into a strategic partnership with PT Sarana Multigriya Finansial (Persero) or SMF, through the signing of an Uncommitted Facility Line agreement valued at Rp200 billion. The signing took place at SMF’s office in Jakarta on Tuesday, as part of efforts to strengthen the housing finance sector in Indonesia, particularly in Jambi Province. Bank Jambi’s President Director, Khairul Suhairi, stated in a written release received in Jambi on Tuesday that this partnership represents a concrete step for Bank Jambi to increase its capacity for housing credit disbursement, even amid the dynamics of global economic conditions facing challenges from geopolitical uncertainties. Through SMF’s facility support, Bank Jambi is expected to maintain liquidity stability while expanding access to housing finance for the public. Khairul noted that this collaboration is a crucial momentum in reinforcing Bank Jambi’s role as a driver of regional development, especially in the housing sector. “This partnership with SMF is a strategic step for Bank Jambi in strengthening liquidity and enhancing the capacity for housing finance disbursement,” he said. The bank is committed to optimising this facility to provide broader, more affordable, and sustainable financing access for the community, particularly in Jambi Province. Furthermore, he added that this facility reflects SMF’s trust in Bank Jambi to continue prudent credit disbursement with competitive interest rates, thereby strengthening the national housing finance ecosystem. As a Special Mission Vehicle under the Ministry of Finance, SMF plays a strategic role in supporting financial institutions to provide long-term housing finance. The synergy between SMF and Bank Jambi is expected to positively impact the expansion of home ownership access for the public. Bank Jambi, with its proximity to local community needs, is optimistic about optimally utilising this facility to drive more inclusive, affordable, and targeted growth in the housing sector. “Through this collaboration, both parties are committed to further strengthening institutional relations and delivering financing solutions that provide real benefits to the community and contribute to regional economic growth,” he stated. Meanwhile, SMF’s Director of Finance and Risk Management, Bonai Subiakto, said that they hope this collaboration will strengthen Bank Jambi’s liquidity amid current economic conditions. Through this facility, SMF entrusts Bank Jambi to disburse housing finance to the public more broadly, prudently, and sustainably. Thus, he said, Bank Jambi is expected to continue offering competitive interest rates to bolster Indonesia’s housing finance ecosystem. “The strategic synergy between SMF and Bank Jambi aims to expand housing finance access for the public,” he remarked. This is because Bank Jambi has close ties to regional needs, while SMF strengthens funding capacity. “We hope this facility is utilised optimally to deliver real benefits to the community,” Bonai Subiakto emphasised.