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This is The List of Cooperating Banks to Provide Working Capital Loans for Labor-Intensive Corporations

Jakarta, 29/07/2020 Ministry of Finance - In the context of National Economic Recovery (PEN) for labor-intensive corporate working capital loans, the Government has appointed the Indonesian Export Financing Agency (LPEI) or Indonesia Eximbank as Guarantor and PT Penjaminan Infrastruktur Indonesia (PII) as Support Loss Limit on Government Guarantee Executor.

 
The government is working with 15 banks to help disburst working capital loans, which the PEN budget has prepared a total of Rp53.57 trillion to guarantee working capital loans, and placing funds through banks. The Cooperation Agreement and the Memorandum of Understanding between the Government and the Labor-Intensive Corporations in the context of the Acceleration of the National Economic Recovery were held on Wednesday (29/07) in Jakarta.
 
The 15 banks that will cooperate with this Government Guarantee facility are:

1. PT Bank Central Asia, Tbk;
2. PT Bank Danamon Indonesia, Tbk;
3. PT Bank DBS Indonesia; 
4. PT Bank HSBC Indonesia;
5. PT Bank ICBC Indonesia;
6. PT Bank Maybank Indonesia;
7. PT Bank Resona Perdania, Tbk;
8. Standard Chartered Bank;
9. PT Bank UOB Indonesia;
10. PT Bank Mandiri (Persero), Tbk;
11. PT Bank Negara Indonesia (Persero), Tbk;
12. PT Bank Rakyat Indonesia (Persero), Tbk;
13. PT Bank Tabungan Negara (Persero), Tbk;
14. Bank DKI;
15. Bank MUFG, Ltd.
 
Minister of Finance (Menkeu) Sri Mulyani Indrawati hopes that the current volume of the guarantee is expected to support credit distribution of up to Rp100 trillion in order to accelerate the economy and become a complement to government spending.
 
"The volume of the guarantee is now expected to support credit disbursement of up to Rp100 trillion. This possible working capital credit will give hope for the economy to move again. So that it is a complement to government spending which we will accelerate to reach more than Rp2,700 trillion by the end of the year," she concluded. (nr / ds)