BANDUNG, AYOBANDUNG.COM – bank bjb optimistic that the target for channeling government savings funds for the National Economic Recovery (PEN) acceleration program can be realized according to the target. Until recently, the bank bjb consistently shows fast movement in distributing PEN funds.
Data from the Financial Services Authority (OJK) as of August 19, 2020, shows that the distribution of PEN by the Regional Development Bank reached IDR 1.58 trillion. bank bjb itself has distributed around ± IDR 830 billion up to August 2020.
PEN fund credit expansion from the bank bjb it continues to evolve over time. As of 6 September 2020, bank bjb has disbursed around 32% of the total leverage of PEN funds of Rp. 5 trillion or 2 (two) times the placement received by the bank bjb namely Rp. 2.5 trillion which is earmarked to encourage the stretching of the national economy. This record is quite good in the middle of a fairly short time span.
President Director of the bank bjb Yuddy Renaldi said the company was confident that the PEN distribution target could be met according to the deadline. bank bjb also optimistic that the target of double the leverage of the PEN fund will be realized by providing optimal benefits, especially for debtors.
“From the start, we have prepared measurable strategies for the distribution of PEN funds, namely through a program called bjb PENtas (Strengthening the National Economy of Resilience and Prosperity), which is the initiation of West Java Governor Ridwan Kamil, can be optimized in facing various possibilities. bank bjb “We are also consistent in realizing this strategy by continuing to prioritize the principle of prudence so that the goal of the PEN program as an effort to stimulate the economy of the community and the business world can be felt as optimally as possible,” said Yuddy.
Currently, the company is also continuing its efforts to make credit expansion run more massive. The potential for distribution to the productive sector is still promising. It is recorded that more than 80% of the distribution of PEN funds has been channeled to labor-intensive productive sectors which can provide a multiplier effect on the economy.
bank bjb will also take advantage of the high demand for credit in areas that are still visible during the COVID-19 pandemic. Referring to OJK data, BPD credit growth reached 8.23% as of July 2020, far above the national banking credit growth average of 1.53%.
This positive trend is considered fresh and will continue. bank bjb itself managed to record very positive credit growth, almost touching the double digit figure, namely 9.8% year-on-year (yoy) until Semester I 2020.
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