Jakarta – PT Jaminan Kredit Indonesia (Jamkrindo) demonstrated robust business growth throughout 2022, driven by consistent strategies targeting potential segments and initiatives fostering sustainable innovation.
According to its audited financial report for 2022 by Tanudiredja, Wibisana, Rintis, and Partners (a PwC global network firm), Jamkrindo recorded a net profit of IDR 1.28 trillion, marking a 20.09% increase compared to IDR 1.07 trillion in 2021. This growth underscores Jamkrindo's pivotal role in facilitating financial inclusion for micro, small, and medium enterprises (MSMEs).
Jamkrindo's President Director, Hendro Padmono, highlighted that the surge in net profit was driven by an increase in the company’s guarantee volume. As a pioneer in credit guarantees, Jamkrindo achieved a guarantee volume of IDR 312.36 trillion, a 26.19% rise, securing financing for 10.8 million MSMEs that collectively employ 35.1 million workers.
Despite global economic uncertainties, Jamkrindo successfully navigated financial challenges through prudent risk management. Guarantee fees rose by 29.34% to IDR 5.64 trillion, while claim expenses increased by 27.11% to IDR 3.24 trillion. The company’s assets stood at IDR 28.01 trillion, with equity reaching IDR 12.82 trillion.
Hendro outlined four strategic pillars essential to achieving Jamkrindo’s vision and mission:
- Income Diversification: Expanding non-program businesses beyond government assignments.
- Digital Transformation: Launching Jamkrindo Core System (JACS), data management & analytics, and enterprise resource planning (ERP).
- Governance and Risk Management: Implementing the "three lines model," "four eyes principles," and Governance, Risk, and Compliance (GRC) practices.
- Human Capital Development: Enhancing organizational culture and nurturing company talent.
“We’ve introduced various innovations to support sustainable growth, focusing on effective governance, prudent portfolio management, and cost efficiency while strengthening internal consolidation and collaboration with stakeholders,” Hendro noted.
Commitment to Sustainable Development
Jamkrindo reinforced its commitment to the Sustainable Development Goals (SDGs) through its Corporate Social Responsibility (CSR) and Environmental Social Responsibility (ESR) programs. These initiatives aim to promote economic equity and societal well-being.
Key programs in 2022 included:
- Social Pillar: Empowering disabled baristas in Garut and offering public speaking training for individuals with disabilities.
- Environmental Pillar: Providing clean water infrastructure in Kasepuhan Sinar Resmi, Banten, and supporting environmental programs in Labuan Bajo.
- Economic Pillar: Organizing coaching clinics and training sessions to enhance MSME competitiveness.
Building on its solid performance, Jamkrindo has set a target guarantee volume of IDR 340.26 trillion for 2023. The company plans to accelerate digital transformation, optimize risk management, and prepare its workforce for future challenges.
“In every CSR program, sustainable development remains our primary focus. This aligns with the Ministry of State-Owned Enterprises’ directive to integrate economic and social value creation, benefiting the broader community,” Hendro concluded.
About Jamkrindo
Jamkrindo, part of the Indonesia Financial Group (IFG) holding, offers a wide range of credit guarantee products, including government-assigned programs like KUR and KMK guarantees under the National Economic Recovery (PEN) program. Its non-program services encompass general credit guarantees, microcredit guarantees, construction guarantees, surety bonds, customs bonds, and supply chain financing.
Dody Novarianto
Corporate Secretary
PT Jamkrindo
Email: [email protected]