Indonesia’s Merged State-Owned Bank Syariah Indonesia will Continue to Support Micro, Small and Medium Enterprises

The combined state-owned Shariah bank, PT Bank Syariah Indonesia (BRIS) has issued confirmation that it will continue to support Indonesia’s Micro, Small and Medium Enterprises (MSME) sector. Lending to MSMEs is projected to reach IDR 53.83 trillion, from IDR 36.36 trillion as at September 2020, as stated by Ngatari, the Managing Director of BRIS.

Ngatari noted that BRIS’ commitment towards the MSME sector is clearly laid out in the Merger Plan that has been published, with financing to continue via the People’s Business Credit (KUR) programme, as well as through the provision of Islamic financial products and services to meet the requirements of these MSMEs. This support will be extended directly by BRIS and in collaboration with the state-owned (Himbara) ban...