Supports Replanting of Palm Oil, BRI Provides Plasma Farmers Financing Facility Rp25 Million Per Hectare

INDUSTRY.co.id - Jakarta - PT Bank Rakyat Indonesia (Persero) Tbk is supporting the oil palm plantation rejuvenation program by providing financing facilities for plasma farmers worth Rp25 million per hectare.

Corporate Secretary of BRI Bank, Hari Siaga Amijarso said it wants to support the government program, especially the Palm Oil Plantation Fund (BPDP) program, which aims to maintain stability and improve palm oil productivity.

"Credit facility provided by Bank BRI in order to complete the cost of replanting the plantation, where some of the funds provided are sourced from the BPDP of Palm Oil," Hari said in a written statement in Jakarta on Friday (13/10/2017).

Hari said, the credit is done by the mechanism of financial assistance from BPDP Palm Oil amounting to Rp25 million per ha.

"Bank BRI together with BPDP Palm Oil has signed a joint agreement on fund management and development of oil palm Indonesia," he said.

The government-backed replanting program in Muba District was implemented in a 4,600 ha garden.

Within the scope of this cooperation, the company with BBRI issuer code provides integrated and comprehensive online banking services and services in the form of savings, loans and other banking services as well as data management to information in collecting, administering, managing, storing and delivering funds sourced from export levies of palm or other sources through BRI's network and e-Channel network spread across Indonesia.

"The readiness of Bank BRI in supporting the development of palm oil industry in Indonesia is no doubt, with the deployment of operational units and e-channel support, we are able to provide comprehensive and optimal banking services," Hari said.

As of September 2017, the company recorded operational and electronic networks have reached 10,458 conventional working units, 24,802 ATM network units, and 319,619 EDC network units, or a total of 345,913 units of BRI e-Channel network.