Home » Business » Revealed! The reason for Erick to Synergize BRI, PNM & Pegadaian

Revealed! The reason for Erick to Synergize BRI, PNM & Pegadaian

Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) is increasingly determined to integrate BUMN which focuses on financing for the ultra-micro sector. The consideration is to bring together funding sources that match the character of the financing channeled.

BUMN Minister Erick Thohir said that the financing business carried out by PT Permodalan Nasional Madani (Persero) / PNM and PT Pegadaian (Persero) currently still depends on long-term financing which has high costs. Meanwhile, financing is given to small customers.

“PNM business model is very good, but funding is very expensive so it is not fair to help large corporations cheap but ultra micro expensive. But this is not PNM’s fault, but it synergizes with BRI. It’s 3% saving. This is why we synergize pawnshops and PMN, “said Erick during a working meeting with Commission VI of the Indonesian House of Representatives, Monday (30/11/2020).


This is in line with the ministry’s design to divide a more specific market for state-owned banks, PT Bank Rakyat Indonesia Tbk (BBRI) is currently tasked with enlarging the portion of financing for the ultra-micro sector.

Until the end of September 2020, the portion of the MSME loan portfolio at BRI reached 80.65% of the total credit in September 2020 which reached IDR 935.35 trillion.

President Director of BRI Sunarso said that BRI’s future development plan will focus on financing the ultra-micro segment. With this direction, BRI is eyeing the portion of MSME financing to increase to 85%.

The unbankable segment has not been worked on by BRI so far. This segment consists of a share, including productive poor who are believed to have a very large market share, but only very few banks are playing. This segment has already been held by Pegadaian and PNM.

BRI Micro Business Director Supari, said that BRI must find new sources of growth. For this reason, BRI has begun to enter the ultra micro segment in the last 2 months.

“In 2 months we have given ultra-micro Rp. 5.5T with customers of more than 700 thousand customers,” he said some time ago.

[Gambas:Video CNBC]

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