Perusahaan Umum Jaminan Kredit Indonesia (Perum Jamkrindo), a state-owned credit guarantee company, achieved outstanding performance throughout 2011. This was evident from its net profit growth of 151.06%, one of the highest among 117 state-owned enterprises (BUMN) ranked.
Not only did net profit experience significant growth, but other financial components also grew by more than 50%, including total assets (+64.69%), equity (+81.09%), and operating income (+53.08%). Given these achievements, in the "117 BUMN Rating by Infobank 2012," Jamkrindo, led by President Director Nahid Hudaya, was awarded the "Excellent" rating with the highest score (99.14%).
The key to Perum Jamkrindo’s success was the large number of guarantee activities carried out by Nahid Hudaya and his team. By the end of 2011, the company recorded total guarantees of Rp54.33 trillion, an increase of 60.02% from Rp33.95 trillion in 2010.
Entering 2012, Perum Jamkrindo focused on the People’s Business Credit (KUR) program to further boost its performance. As a result, KUR contributed 73.94% of the company’s net profit in the first half of 2012, amounting to Rp176.2 billion.