As of November 2017, Total KUR Channeling Was Recorded Nearly Rp 96 Trillion

By : Abraham Sihombing And Aldo Bella Putra | Thursday, January 04 2018 - 23:00 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta - The total value of People's Business Credit (KUR) that is distributed by the government until the end of November 2017 was recorded at Rp95.6 trillion. It has reached almost 90% of KUR's 2017 target of Rp106.6 trillion.

"The total realization of KUR disbursement until the end of November 2017 is still arguably better when compared to the end of December 2016 which only Rp94, 3 trillion," said Iskandar Simorangkir, Deputy of Macro Economy and Finance Coordinating Ministry for Economic Affairs, in Jakarta, Thursday / 01/2018).

Iskandar said, the ratio of non-performing loans (NPL-red) also fairly low, ie only 0.22% per November. Thus, the total realization of KUR distribution as of November 2017 has reached 89.6% of the 2017 target of Rp106.6 trillion.

Iskandar explained that the realization of the largest KUR distribution until the end of November 2017 is done by three state banks, namely PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Mandiri Tbk (BMRI) and PT Bank Negara Indonesia Tbk (BBNI).

The realization of KUR distribution by the three banks as of November 2017 has reached 90 percent average. The target of BRR KUR distribution in 2017 is Rp71.2 trillion and has been realized amounting to Rp69.6 trillion, or about 97.8% of its target.

KUR distribution by Bank Mandiri in 2017 is targeted at Rp13 trillion, but its realization reached Rp13, 3 trillion or about 102.5% of the target set previously.

"The distribution of KUR by Bank BNI as of November 2017 was recorded at Rp9.70 trillion, or about 80.9% of the target of KUR 2017 distribution of Rp12 trillion," said Iskandar.

Meanwhile, according to Iskandar, the realization of KUR disbursement by private banks during the period was recorded at Rp1.3 trillion. It only reached 24.9% of the target of KUR channeling of private banks in 2017 amounting to Rp4.9 trillion.

Meanwhile, the realization of KUR disbursement by Regional Development Bank (BPD) until the end of November 2017 was recorded at Rp1.6 trillion. That's only 31.2% of their 2017 KUR distribution target of Rp4.2 trillion.

"We hope that the realization of KUR distribution until the end of December 2017 is expected to reach Rp100 trillion, or about 92-93% of the target of KUR 2017. In 2017, KUR is channeled to 4 million debtors conducted by 41 financial institutions, namely banking, cooperatives and others," said Iskandar. (Abraham Sihombing)

News Comment

Today's Industry

John Baker - Security Engineering Manager and Bug Bounty Advisor for HackerOne

Kamis, 02 Juli 2020 - 17:45 WIB

Why The Future of DevOps Needs Hackers?

In my days as a Quality Assurance (QA) Engineer testing hospitality software, functional testing was seen as the last step before deployment and release. Any major defects found in the QA cycle…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Kamis, 02 Juli 2020 - 17:10 WIB

That’s Not How it Works: All Development Should be Secure Development

Secure development is more important today than ever before. A vast number of cyberattacks have placed security in the spotlight, with many organisations adopting safer practices to ensure that…

Ilustration Cyber Security (Photo by Cyber Security—Advancing through AI - IEEE Innovation at Work)

Rabu, 01 Juli 2020 - 10:35 WIB

As Organisations Get Back to Business, Cyber Criminals Look for New Angles to Exploit

As businesses re-open, Covid-19 continues to pose a threat so organisations are implemented testing programs and enforcing new workplace rules to prevent new infections. To prepare employees…

Marten Mickos, CEO at HackerOne (Photo by Wikipedia)

Selasa, 30 Juni 2020 - 17:00 WIB

The Power of Crowdsourcing

As we go through the fourth industrial revolution that digitises everything we do, economic and societal fundamentals are changing in ways we have not experienced before.

Wira Wijaya Gea

Sabtu, 27 Juni 2020 - 16:42 WIB

Increased Use of Online Shopping Apps During the Pandemic COVID-19

During the PSBB period, many people used the internet as a means of supporting communication by using various applications. Moreover, amid the WFH (work from home) system mandated by the government,…