Jakarta, November 18, 2021 – The existence of the MSME sector is one of the important pillars in economic growth in Indonesia, especially in the midst of the pandemic. Supporting the welfare of MSMEs in financing, PT Bank Central Asia Tbk. (BCA) implements various programs, one of them is the Disbursement of Digital Partnership. Most recently, BCA agreed to cooperate with PT. Komunal Finansial Indonesia (Komunal) as a form of expansion in the national economic support program.
The signing of the agreement between BCA and Komunal was represented by Senior Vice President Commercial & SME Business of BCA Elvriawati Tumewah and Co-founder & CEO of Komunal Hendry Lieviant in Jakarta on Friday (11/05). This collaboration is also a form of concrete action made by BCA to provide financing facilities needed by MSMEs.
“Observing the condition of Indonesia's economic recovery along with digital transformation currently also dominated by small businesses performed by MSMEs, BCA has again collaborated with fintech. This effort is implemented to provide encouragement and financing for MSME actors to revive together the economy. As BCA's digital initiative, this action is expanding the financing range to MSME debtors, business networks, and other collaborations," Elvriawati said.
Komunal will be a bridge between BCA and MSMEs that need business capital. This collaboration will support MSMEs in developing their business with an agreed collaboration limit of IDR 15 billion. Furthermore, this collaboration will be implemented through a financing channeling facility with a limit per debtor of a maximum of IDR 2 billion with a maximum of 3 months credit tenor.
Moreover, Elvriawati added that until October 2021, the total Disbursement of Digital Partnership recorded by BCA reached IDR 145.76 billion through various channelings. There are some programs that support digital partnerships such as Business Personal Loan E-commerce, Business Personal Loan Direct, and Channeling Fintech.
For information, Komunal is a financial technology company that provides facilities in the form of peer-to-peer lending to develop relationships between potential MSMEs and funders to encourage Indonesia's economic growth. Komunal, that is registered and supervised by the OJK, has been operating since February 2019 to October 2021 and has disbursed loans of more than IDR 700 billion for various loan products offered. Meanwhile, the total active creditors in the Komunal currently reach 1,495 creditors, that are dominated by the East Java region.
“This collaboration with Komunal, we hope that BCA can expand its financing network and be more strategic in reaching MSME actors to meet their business loan needs so that in the future Indonesian MSME actors will be more advanced and achieve business growth," Elvriawati concluded.
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About PT Bank Central Asia Tbk (as of 30 September 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of September 2021, BCA has the privilege of serving more than 26 million customer accounts, processing around 46 million of daily transactions through a network of 1,237 branches; 17,913 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 25,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretary & Communication
Public Relations
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
