For those who currently own a business and are looking for funding to develop, maybe it’s time for you to take a look at sharia financing services. The regulator has also encouraged actors in the banking sector, including sharia banking, to increase the financing portion of Micro, Small, and Medium Enterprises (MSMEs).
“In accordance with the provisions of the Regulator, we encourage the MSMEs financing to be above 20% this year. We will target customers with turnover below Rp50 billion per year,” said President Director of BCA Syariah John Kosasih during the talk over the 2017 performance in Jakarta (21/3).
John said that this year BCA Syariah will be focusing on the financing of the productive sectors. The financing portion reaches up to 96% with the remaining used for consumptive financing.
"We mostly finance the plantation and trading industry. There are also non-bank financial institutions such as cooperatives and multi-finance companies," he said.
According to John, the productive sector is vast and has huge potentials, including trade, industry, plantation, non-bank financial institutions and fishery. In 2017, the total financing of BCA Syariah reached Rp4.19 trillion.
The number grew 21.03% (YoY) compared to 2016 which was Rp3.46 trillion. Based on this, 76.11% or Rp3.19 trillion were distributed to commercial financing. Then, a total of 20.10% or Rp842 billion were channeled to the MSME segment.
The remaining 3.79% or Rp159 billion were distributed for consumer financing. As for total assets of BCA Syariah grew by 19.33% (YoY) to Rp5.96 trillion as of December 2017 from Rp4.99 trillion in 2016.
The asset increase is supported by a 21% (YoY) increase in financing to Rp4.19 trillion from Rp3.46 trillion.