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Jakarta - PT Jaminan Kredit Indonesia (Jamkrindo) received an appreciation award at the Infobank The Best State-Owned Enterprise Award 2022 event as a state-owned company subsidiary with the prestigious "Very Good" rating in the Financing SOE Group category. The award was received by Jamkrindo's Director of Business Guarantee, Suwarsito, at the award ceremony held in Bali on Thursday, September 22, 2022.
This award is based on the research results of Infobank Research Bureau, which conducted an assessment or rating of the performance of state-owned companies (BUMNs) based on financial performance for the fiscal year 2020-2021.
According to the rating data, Jamkrindo received perfect scores in four aspects of the assessment, namely growth, current assets to short-term liabilities ratio, efficiency reflected by the operating expenses to operating income ratio (BOPO), and profitability. Meanwhile, for solvency, the score was nearly perfect.
In terms of growth, last year Jamkrindo recorded a net profit of IDR 1.07 trillion, growing 133.71% year-on-year. This profit increase was driven by the large volume of Jamkrindo's guarantees, which reached IDR 247.61 trillion by December 2021.
Additionally, Jamkrindo recorded a claims reserve of IDR 5.66 trillion, an increase of 41% from the previous year, with a positive cash flow. The growth of the claims reserve is part of the company's strategy to mitigate risks and maintain the company's performance in the following years. Jamkrindo recorded assets of IDR 25.35 trillion in 2021, a 32.57% increase from the previous year's IDR 19.12 trillion.
Jamkrindo's Director of Business Guarantee, Suwarsito, stated that the award is a form of public appreciation for the company's role and contribution to society. Jamkrindo, a subsidiary of Indonesia Financial Group (IFG), is always present to help MSMEs and cooperatives access financing to drive the national economy. "This award motivates us to continue delivering the best performance and service," he said.
About Jamkrindo
As a credit guarantee company within the Indonesia Financial Group (IFG) holding, Jamkrindo offers a range of products, including both program and non-program guarantees. For program guarantees, Jamkrindo provides KUR guarantee products and KMK guarantees under the PEN program. For non-program guarantees, Jamkrindo offers general credit guarantees, microcredit guarantees, construction and procurement guarantees, and distribution guarantees. Additionally, Jamkrindo also offers surety bonds, customs bonds, supply chain financing guarantees (invoice financing), and other credit guarantees.