INDONESIA - BANKING - Rp 26.37 t of People’s Business Credit disbursed

The State Enterprises Ministry has disbursed People’s Business Credit of up to Rp 26.37 trillion (US$2.96 billion) through six state-owned banks and 13 Regional Development Banks this year.

“It is 131.9 percent of our target of Rp 20 trillion, and the fund has been disbursed to 1,765,255 borrowers,” Deputy for Business Affairs at the State-Owned Enterprises Ministry, Parikesit Suprapto, said on Friday,tempo.co reported.  (source)

INDONESIA - BANKING - Establish SRB Tangsel City Government in 2012

Tangerang (1 / 12) - In an effort to help the Micro, Small and Medium Enterprises (SMEs) in South Tangerang (Tangsel), the local city government will establish Sharia Rural Bank (SRB). "SRB's municipal government will be realized in late 2012 or early 2013 at the latest. Now in the assessment phase," said Oting Ruhiyat, Chief Investment Office of the South Tangerang on the sidelines of the Seminar and Conference 2012 Regional Employment Indonesia Sharia Bank Association (ASBISINDO) in Jakarta, Thursday (1 / 12).  (source)

INDONESIA - MICRO FINANCE - The realization of KUR regional bank rose Rp1 trillion

JAKARTA: The participation of 13 regional banks in channeling people's business loan program funds (KUR) until 15 November 2011, an increase of around Rp1 trillion more than last year.
The total disbursement of funds overall people's business credit (KUR), which held 13 regional development banks (BPD) from 2010-2011 was recorded at Rp 5, 4 trillion with a total of 69,041 debtors. (source)

INDONESIA - MICRO FINANCE - Micro Financing is Increasingly Popular in Indonesia

Jakarta, (15/11). Micro financing is now increasingly popular in Indonesian banking system. Some of the Indonesian banks are now establishing micro financing business unit. Micro financing is supported by the Indonesian government as well, by implementing the program Kredit Usaha Rakyat (KUR)/microfinancing for people in need. (source)

INDONESIA - BANKING - Walah! Growth of Islamic Banking 2012 Predicted Stagnant

REPUBLIKA.CO.ID, JAKARTA --- The growth of Islamic banking in 2012 is predicted to not be significant or stagnant. The predictions do not look at government policies that favor the development of Islamic banks this year.In fact, the growth of Islamic banking this year have not been able to offset the amount of market share in Indonesia. "If you look at the condition this year, not too optimistic about the growth of Islamic banks will rise significantly. Growth next year would depend on government action this year, "said Secretary General of Indonesia Sharia Bank Association (Asbisindo), Bambang Sutresno.  (Source)

INDONESIA - MICRO FINANCE - Participate KUR, BSM Exceeds Target Distribution

REPUBLIKA.CO.ID, JAKARTA-Channeling People's Business Credit (KUR) Bank Syariah Mandiri (BSM) has exceeded the target set in 2011. The distribution of KUR reaches 106 percent of the target of Rp 550 billion on 23 September 2011.

"The distribution of KUR BSM is pretty good. We exceeded the target of this September, "said Director of Retail BSM Hanawijaya after a coordination meeting with Coordinating Minister for Economic Affairs, on Monday (3 / 10).  (source)

INDONESIA - KUR - Target BRISyariah Financing Rp1, 2 Trillion

JAKARTA - PT Bank Rakyat Indonesia Tbk (BBRI) until 16 September 2011 is already delivering the People's Business Credit (KUR) amounting to Rp12, 125 trillion (121.5%) by the number of debtors as many as 1,270,871 people.

Deputy Minister of state field services, Parikesit Suprapto, at the office of the Ministry of State Owned Enterprises, Jakarta, on Tuesday, said the BRI is a bank from year to year always gives the greatest running KUR among other national banks. (source)

INDONESIA - BANKING - Target BRISyariah Financing Rp1, 2 Trillion

JAKARTA - PT Bank BRISyariah targeting micro-finance sector in 2011 reached Rp1, 2 trillion and the next year could rise by between Rp2, 5 trillion-Rp 3 trillion. (source)

INDONESIA - KUR - Approaching Target Distribution KUR Rp 20 Trillion

Jakarta (9 / 9) The government is working to increase the amount of lending, business people Rp3 trillion this year after until mid-August 2011 the total distribution was close to the target that is Rp19 Rp20 trillion, three trillion. To achieve the target of Rp20 trillion distribution, the six national banks and 13 regional development banks (BPD) as a funding channel people's business credit (KUR) just need to realize an additional approximately Rp340 billion. (source)

INDONESIA - KUR - KUR BSM, Get Easy Access to Business Financing

Jakarta (7 / 9) - Islamic banking has an important role in driving the economy. This is evidenced by fortopolio Islamic banking financing, mostly flowing in the micro clients who are perpetrators of Micro, Small and Medium Enterprises (MSMEs). (source)

INDONESIA - BANKING - KUR - KUR BSM customers amounted to 10 700

Jakarta (25 / 8). Even though only one Islamic bank designated by the government in channeling people's business credit (KUR), teryata customers KUR Bank Syariah Mandiri (BSM) is not far behind with other banks, where the current number of clients has reached 10,700 clients with financing average average Rp 50 million.

As for the focus of KUR financing, as long as this is the largest financing the agricultural sector, services and trade. (source)

INDONESIA - MICRO FINANCE - Non-Performing Micro Loan Ratio Reaches 2.19%

JAKARTA (IFT) – Average non-performing loan (NPL) for micro loan (Kredit Usaha Rakyat program/KUR) declined 2 basis points to 2.19 percent as of June 2011 from 2.21 percent in January 2011. The NPL is still below the level set by Bank Indonesia at 5 percent, but expected to be maintained by year-end. (source)

INDONESIA - KUR - BNI Syariah becomes supplier KUR

CIREBON, KOMPAS.com - The government will add to the ranks of banks appointed as a distributor People's Business Credit (KUR) of 32 banks to 33 banks.
This is possible because the middle of the Coordinating Ministry for Economic Bank ready to finalize the entry process, as one of the new bank dealers of KUR.  (source)

INDONESIA - KUR - Micro Loan Portfolio Reaches Rp 17.28 T in July

JAKARTA (IFT) – The total micro loan portfolio through “Kredit Usaha Rakyat” (KUR) from January 1-July 31, 2011 reached Rp 17.28 trillion to 1.18 million debtors. The actual micro loan reached 86.44 percent of the 2011 loan portfolio target of Rp 20 trillion. (source)

INDONESIA - MICRO FINANCE - KUR - "Micro-Credit Loans to Be Raised to Rp25 Trillion": Hatta

TEMPO Interactive, Jakarta:Indonesia plans to raise the amount of KUR micro-credit loans to Rp 25 trillion this year, from the previous Rp 20 trillion figure allocated, top economic minister Hatta Rajasa said over the weekend.

“This is a request from President Yudhoyono,” said Rajasa after a dialogue with businessmen in Pasar Baru, Bandung, yesterday. (source)

INDONESIA - KUR - FINANCE - First Lady Criticizes State Banks Over Failure to Provide Micro Loans

Jakarta:Indonesia's First Lady Kristiani Herawati Yudhoyono on Wednesday criticized state banks over its credit distribution policies, particularly in regard to micro, small, and medium enterprises (MSMEs). According to the First Lady, craftsmen and other small businessmen continued to complain about how difficult it remained to obtain microfinancing or micro loans from state banks. (source)

INDONESIA - KUR - Bank Syariah Mandiri channels funds to Micro Small Medium Enterprises

Jakarta (13 / 8). To enhance the role of cooperatives as a pillar of the community's economy, Islamic banking players do not want to miss. In commemoration of cooperatives in Senayan Jakarta, Bank Syariah Mandiri (BSM) handed People's Business Credit (KUR) to the Islamic Financial Services Cooperatives (KJKS) Tanggerang Mandiri Rp 500 million.

Managing Director of BSM, Fauzi Yuslam on the occasion said, giving the actors KUR cooperatives by Islamic banks is evidence that Islamic banking is very committed in developing cooperatives in Indonesia. (source)

FINANCE - KUR - Mandiri Loans to Microbusinesses Hit Rp 6.5t

Jakarta. Bank Mandiri distributed Rp 6.5 trillion ($721.5 million) in loans to microbusinesses in 2010, 45 percent higher than the previous year, the bank announced in a statement on Sunday.

“Mandiri sees a lot of potential within the micro sector. We want to take a more active role in developing the sector that helps drive Indonesia’s economic development,” said Tardi, Bank Mandiri’s senior vice president for microbusiness development. Mandiri, Indonesia’s largest bank by assets, distributed loans to around 545,000 microbusiness in 2010 with about 4 percent in non-performing loans. The maximum platform of the loan, which is targeted for micro and household businesses, is Rp 100 million.

FINANCE - KUR - BNI announces micro loans for migrant workers

Indonesia’s fourth-largest lender by assets, state-owned bank Bank BNI, is eyeing Indonesian migrant workers overseas as a new market for its micro loan product, KUR.

FINANCE - 2011 Micro Credit Target at Rp20 Trillion

TEMPO Interactive, Jakarta:The government is targeting the disbursement of Micro Credit Support (KUR) in 2011 to total Rp 18-20 trillion, up from Rp16.4 trillion in 2010.

“We are stepping on the gas. Each year the amount is increasing,” State-owned Enterprises Minister Mustafa Abubakar said in Jakarta last weekend.