JAKARTA. State-owned lender PT Bank Negara Indonesia (BNI) will make available Rp 11.5 trillion (US$72 million) in its 2016 micro credit (KUK) program, a BNI banker has said. Credit allocations will be Rp 10 trillion for the retail sector, Rp1 trillion for workers and the remaining Rp 500 billion for micro loans, BNI business banking II director Sutanto said. "We believe we can achieve the target," said Sutanto in Jakarta on Monday, adding that the bank would need to open at least 100 new outlets nationwide to meet the target.
BNI to offer Rp 11.5 trillion in micro loans
JAKARTA. State-owned lender PT Bank Negara Indonesia (BNI) will make available Rp 11.5 trillion (US$72 million) in its 2016 micro credit (KUK) program, a BNI banker has said. Credit allocations will be Rp 10 trillion for the retail sector, Rp1 trillion for workers and the remaining Rp 500 billion for micro loans, BNI business banking II director Sutanto said. "We believe we can achieve the target," said Sutanto in Jakarta on Monday, adding that the bank would need to open at least 100 new outlets nationwide to meet the target.