Second Phase of Indonesia’s PEN Programme Sees Disbursement of IDN 2.11 Trillion: BSI

Between the 22nd of April 2021 and the 2nd of July 2021, Bank Syariah Indonesia (BSI) has distributed financing worth IDR 2.11 trillion as part of the second phase of the national economic recovery (PEN) program. Speaking at a virtual press conference on the 30th of July 2021, Ngatari, Vice President Director at BSI, noted that funds had been given to 18,539 debtors, with the leverage from the fund reallocation being 0.7 times.

Why it Matters?

Through the Government of Indonesia’s PEN Programme, BSI’s projected financing target stands at IDR 4.5 trillion or 1.5 times of leverage on the 22nd of October, 2021. Collectively, BSI has disbursed IDR 161.5 trillion during the second half of 2021, up 11.73% compared to IDR 144.54 trillion during...