Bank Negara Indonesia (BNI), a state-owned bank in Indonesia, recently signed an agreement with Perbarindo, an Indonesian association of rural banks, to support the government-backed microloan program Kredit Usaha Rakyat (KUR) channeling “subsidized loans” to micro- small and medium-sized enterprises.
Darmadi Sutanto, BNI’s retail business director, said “We consider rural banks as strategic partners in accelerating the disbursement of KUR loans to business owners across the country, especially those in the microsegment. We channeled IDR 3.2 trillion (USD 2.4 billion) of linkage loans as of last year, with disbursement through rural banks contributing 52 percent to the total amount.”
As of December 2015, BNI reported total assets of IDR 508 trillion (USD 39 billion), return on assets (ROA) of 3.50 percent and return on equity (ROE) of 23.6 percent. As of the same date, it reported IDR 270 billion (USD 21 billion) in total loans outstanding. Perbarindo has approximately 1,640 member banks.
By Kevin van den Brink, Research Associate
About Bank Negara Indonesia (BNI)
Bank Negara Indonesia, which is backed by the government of Indonesia, was established on July 5, 1946, to serve as the country’s central bank. After distributing the first official currency of Indonesia, the bank was transformed into a development bank in 1949 and then a commercial bank in 1955. As of December 2015, BNI reported total assets of IDR 508 trillion (USD 39 billion), return on assets (ROA) of 3.50 percent and return on equity (ROE) of 23.6 percent. As of the same date, it reported IDR 270 billion (USD 21 billion) in total loans outstanding. Perbarindo has approximately 1,640 member banks.
Sources and Additional Resources
 The Jakarta Post, News, “Economy in brief: BNI, rural banks team up for microloans”
MicroCapital Universe Profile: Bank Negara Indonesia (BNI)
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