SMF Is Ready to Improve Role as Facial Tools

INDUSTRY.co.id - Jakarta - PT Sarana Multigriya Finansial (Persero) or SMF expressed readiness to increase its role as a fiscal tool (fiscal tools) of the government this year.

"With regard to the work plan in 2018, SMF will focus on strengthening its role as a fiscal tool of the Government through strengthening the company's business. It will be done through increasing the flow of funds from the capital market to the housing finance sector as well as expanding access to low-cost long-term funds," said President Director SMF Ananta Wiyogo in its official statement received by media crew in Jakarta, Friday (2/3/2018).

In the business development effort, SMF will finalize the establishment of sharia business unit to support the development of KPR Syariah in the country.

The company is also awaiting the issuance of a fatwa from the Indonesian Ulema Council related to the issuance of Sharia Asset-Based Securities in the form of Letter of Participation (EBAS-SP).

In addition, on March 9, 2018, SMF in collaboration with Bank BTN will hold the registration of EBA-SP class A valued at Rp1, 82 trillion in Indonesia Stock Exchange, as part of the implementation of securitization transactions amounting to Rp2 trillion.

Earlier on Feb. 21, SMF has issued its third straight bond offering (PUB) IV III of 2018, worth Rp2 trillion with idAAA rating from PT Pemeringkat Efek Indonesia (Pefindo).

Then, to support the development of KPR capacity by regional development banks (BPD), SMF has also worked together with the Ministries of PUPR and Asbanda has announced and submitted the Standard Operating Procedures (SPO) KPR BPD SMF, and SPO Working Capital Credit of SMF Housing Construction (KMK KP SMF) to all Regional Development Banks (BPD) in Indonesia.

Meanwhile, to support the development of KPR IB distribution, SMF in cooperation with the Ministry of PUPR, Asosiasi Syariah Indonesia Association (Asbisindo), Asbanda and National Sharia Board announced and submitted SPO KPR Syariah to Sharia Commercial Bank / Sharia Business Unit.

The submission of the two SPOs is followed by the signing of the joint commitment of implementation and development by BPD / BUS. Furthermore SMF regularly provide assistance and training on increasing the capacity of KPR distribution either collectively or exclusively to all BPD.

"The two SPOs are expected to realize effective and efficient mortgage management in order to increase the distribution of KPR in all regions in Indonesia," said Ananta.