The State-Owned Enterprises Minister of Indonesia recently announced that state-owned banks will increase their microcredit loan targets this year to IDR 18 trillion (USD 1.9 billion) from IDR 13 trillion (USD 1.4 billion) following the government’s increase of its loan targets for micro-, small and medium-sized businesses.
The state-owned banks are PT Bank Negara Indonesia (BNI), PT Bank Rakyat Indonesia (BRI), PT Bank Mandiri, PT Bank Tabungan Negara (BTN), PT Bank Mandiri Syariah and PT Bank Bukopin. PT Bank Mandiri has total assets of IDR 394 trillion (USD 44 billion) at December 31, 2009. Financial information was not easily available in English for the other banks listed.
Additionally, the government expects the 26 regional development banks (BPDs) to raise their microloan targets to a total of IDR 2.2 trillion (USD 243 million) this year.
By Jennifer Shevock, Research Associate
Sources and Additional Resources:
“State banks raise microloan targets” July 19, 2010.
http://www.thejakartapost.com/news/2010/07/19/state-banks-raise-microloan-targets.html
http://en.wikipedia.org/wiki/List_of_banks_in_Indonesia
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