Jakarta | Perusahaan Umum Jaminan Kredit Indonesia (Perum Jamkrindo) targets a profit of Rp1 trillion in 2016. This will primarily come from guarantee service fees (IJP) of the People's Business Credit (KUR) program, which this year reaches Rp100 - Rp120 trillion.
"With KUR funds this year being significantly larger than in 2015, we aim for the company to achieve a profit of Rp1 trillion by the end of 2016," said the Chairman of the Supervisory Board of Perum Jamkrindo, Braman Setyo, in Jakarta on Thursday (07/01/2016).
He explained that by the end of December 2015, KUR funds disbursed to the public had reached Rp22.755 trillion. On the other hand, as of the end of November 2015, Perum Jamkrindo had recorded a year-to-date profit of Rp524.833 billion. "This means that with KUR funds this year reaching up to five times last year's amount, we are optimistic that the Rp1 trillion profit target can be achieved," he said.
Another factor supporting Perum Jamkrindo's business is credit guarantees from cooperatives. According to him, cooperatives, as non-bank financial institutions, should be able to maximize their lending to members.
"We will be more aggressive in targeting credit guarantees channeled by cooperatives in 2016," said Braman, who also serves as Deputy for Financing at the Ministry of Cooperatives and SMEs.
In line with this, the President Director of Perum Jamkrindo, Diding S. Anwar, revealed that this year's guarantee volume target is set at Rp115 trillion. "Of that amount, we aim for more than Rp50 trillion to come from KUR guarantee volume," he said. Meanwhile, the remaining Rp65 trillion is expected to be obtained from the non-KUR/commercial segment.
Diding added that success in achieving the KUR segment target depends on the banking sector's ability to distribute KUR. However, the government is now creating opportunities by encouraging banks to distribute KUR. Previously, the KUR Policy Committee provided opportunities for private banks and Regional Development Banks (BPD) to participate in KUR distribution. The Financial Services Authority (OJK) and the Ministry of Cooperatives and SMEs stated that banks allowed to distribute KUR this year must have a non-performing loan ratio for the MSME sector below 5%.
KUR-distributing banks must also have the capability to channel funds efficiently. This will be measured through the loan-to-deposit ratio (LDR) and the ratio of operational expenses to operational income (BOPO).
So far, since the end of 2015, the government has appointed Bank BRI, BNI, and Mandiri to distribute KUR. In addition to these three state-owned banks, the government has also partnered with private banks, namely PT Bank Maybank Indonesia Tbk. and PT Bank Sinarmas Tbk., which are specifically designated for KUR distribution to Indonesian migrant workers (TKI).
Meanwhile, two BPDs, PT Bank Pembangunan Daerah Nusa Tenggara Timur and PT Bank Pembangunan Daerah Kalimantan Barat, have been appointed to focus on KUR distribution in Eastern Indonesia. (*team)