Increase servings of MSMEs, Bank Sinarmas Hold Multifinance

JAKARTA - PT Bank Sinarmas Tbk (BSIM) hopes to increase the share of business loans Small Micro and Medium Enterprises (MSMEs) to 20 percent as required by Bank Indonesia (BI). One of the efforts to increase the share is done by channeling mechanism to finance companies (multi).Director of Credit Bank Sinarmas Mailoa Johnny explains, the current composition of the company's new SME loans up to five percent of the total loan portfolio, while the remaining 95 per cent was contributed by corporate and commercial loans.
According to Johnny, the multi-channeling is not solely for consumption, because Johnny assess the many financing channeled through the mechanism used for business activities."We will reach the percentage of SME loans as mentioned BI, how to channeling or direct to the SME segment," said Johnny, at the signing of the cooperation between PT Bank Sinarmas Tbk and PT Bussan Auto Finance, in Jakarta, Friday (14/12/2012) .Director of Bank Sinarmas Freenyan K Liwang added, currently owned banks Sinarmas group has been working with 20 multi-finance companies, one with PT Bussan Auto Finance (BAF) with the cooperation of channeling Rp 200 trillion a year, for motorcycle financing.According Freenyan, channeling composition reaches 38 percent of the total portfolio or reach approximately Rp 4 trillion."We're more of an advance refinancing so that rules do not really affect us. Portion is more of a four-wheel with a composition of 65 percent and 35 percent for two wheels," he saidFound in the same place, BAF president Tetsuya Daikoku said channeling program applies within one year from the signing of co-operation is done, and can be reviewed, with reference to interest rate plus a certain range of BI. The financing ceiling per unit is set up Rp25 million vehicles.Tetsuya said it continues to strive to create attractive products to maintain customer growth, which has now reached five million borrowers. According to him, this can be achieved with the help of banks."We expect the business to grow stronger with Bank Sinarmas," he said.Bussan Auto Finance itself is a multi-enterprise financing two-wheelers. Composition Bussan stock is currently 90 percent owned by Mitsui Group and 10 percent owned by Yamaha.Sources: http://economy.okezone.com/read/2012/12/14/457/732188/