Bank Mandiri helps small exporters
Bank Mandiri helps small exporters
CIPANAS, West Java (JP): State-owned Bank Mandiri has
channeled some Rp 600 billion (US$71 million) in export financing
over the past two months since the bank joined a loan syndication
program to help export oriented firms.
Bank Mandiri vice president for commercial banking A. Kaduhu
Sasrayuda said that the Rp 600 billion went entirely to small and
midsize businesses seeking export financing.
"We estimate that by the end of this year we will have
channeled a total of Rp 1.2 trillion to Rp 1.3 trillion," Kaduhu
told reporters following a banking training course on Friday.
He said the bank started channeling the credits two months ago
in cooperation with the government.
According to him, the export financing was mainly aimed at
small to midsize businesses, whose credits range between Rp 100
million to Rp 350 million.
He said the bank received marketing help from the ministry of
industry and trade.
The ministry, he said, owned a program which provided
small and medium firms with help in basic business practices such
as writing business proposals or financial statements.
The ministry would then recommend several firms to apply for
export credits at Bank Mandiri, Kaduhu explained.
In May the Ministry of Industry and Trade formed a consortium
of two state banks and several foreign banks to help finance
export oriented firms and small businesses.
It did not mention the names of the foreign banks that had
joined the loan syndication, citing only Bank Rakyat Indonesia
(BRI) as the other state bank aside from Mandiri.
Loans
Meanwhile Indonesian Banking Restructuring Agency (IBRA)
announced that loans from nine banks currently under the
supervision of the agency have reached Rp 6.34 trillion (US$755
million) in the first six months of this year, an increase of
18.1 percent from the same period last year.
IBRA's deputy for bank restructuring Jerry Ng said that the
nine banks were Bank Bukopin, Bank Central Asia (BCA), Bank
Universal, Bank Danamon, Bank Internasional Indonesia (BII), Bank
Lippo, Bank Artamedia, Bank Prima Express and Bank Patriot.
He said that of the Rp 6.3 trillion, some Rp 2.3 trillion (37
percent) was channeled through various credit programs, Rp 2.2
trillion (35 percent) was channeled through cooperative credits,
Rp 1.3 trillion (21 percent) for small and mid-size businesses
programs, while Rp 445 billion had been used for the consumer
credit market.
"Banks under IBRA actually have the capacity to further expand
their credits to selective clients," Jerry said in a press
statement last week.
Only Bank Niaga and Bank Bali had yet to start channeling new
loans, he said.
The highest lenders were Bank Bukopin with Rp 2.8 trillion,
BCA with Rp 1.2 trillion, Bank Universal and Bank Danamon with Rp
785 billion each, BII with Rp 313 billion, and Bank Lippo with Rp
199 billion.
Bank Artamedia, Prima Express and Bank Patriot each channeled
credits of Rp 87 billion, Rp 42 billion and Rp 10 billion
respectively, the statement said.
Jerry said that potential clients for these banks were small
and midsize businesses and export oriented firms.