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21 Mar 2023

Support the Advancement of the Laundry Industry, BCA Distributes KUR Worth Rp20 Billion

Jakarta, 21 March 2023 - Bank Central Asia Tbk's (BCA) commitment to promoting national economic growth by strengthening MSMEs persists. BCA's support for MSMEs is once again reflected in its commitment to channel up to Rp20 billion worth of People's Business Credit (KUR) to laundry entrepreneurs.

BCA partners with PT MLC Indonesia and PT Triton International in this KUR distribution program. The focus of this KUR program is to provide access to credit for people in the laundry business who are often capital-constrained.

Head of BCA KCU Alam Sutera Branch Warni Setiawan said, “The laundry business is one of the promising businesses for the MSME segment. BCA believes that expanding access to capital to these business entrepreneurs can encourage this industry to continue to grow while supporting the development of MSMEs, which is one of the main pillars of the national economy.”

BCA is partnering with BCA Multifinance to support the effective operation of the KUR distribution. The company provided a KUR limit of Rp10 billion to PT MLC Indonesia and Rp10 billion to PT Triton International in this program. The loan is expected to be absorbed by laundry entrepreneurs, especially to provide quality washing machines.

As information, PT Triton Internasional has been the official distributor of Maytag washing machine equipment in Indonesia since 2009. PT MLC Indonesia is the official distributor of LG commercial washing machines in Indonesia and the initiator of coin laundry and self-service laundry in Indonesia since 2017.

BCA partnered with PT Triton International and PT MLC Indonesia to improve access to capital for MSMEs, particularly in laundry services.

BCA;s sustainable finance portfolio reached Rp183.2 trillion in 2022, growing 14.9% YoY. This accounted for 25.4% of BCA's total loans disbursed, with MSME financing representing 55.8% of the portfolio. Additionally, KUR distribution increased by 134% YoY.

“In addition to providing capital for MSMEs, we hope that this KUR distribution can indirectly create jobs in the laundry industry. As a national bank, we are committed to supporting the development of MSMEs as one of the pillars of the nation's economy,” said Warni.

BCA supports the advancement of the laundry industry - Head of Finance of BCA Alam Sutera Branch Agustina (right) with the Owner of PT MLC Indonesia and PT Triton International Rizal Matulatan (left), signed the People's Business Credit (KUR) Cooperation. Through this collaboration, BCA is lending up to Rp 20 billion to support the laundry industry to grow in Indonesia.


About PT Bank Central Asia Tbk (as of 31 December 2022)

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 December 2022, BCA has the privilege of serving nearly 35 million customer accounts, processing around 66 million of daily transactions through a network of 1,247 branches; 18,268 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 a positive impact on society at large. With around 25,000 employees, BCA’s vision is to be the bank of choice and a major pillar of the Indonesia economy.



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