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JAKARTA – PT Jaminan Kredit Indonesia (Jamkrindo), the pioneer of credit guarantees in Indonesia, remains committed to delivering exceptional service to all its partners. To strengthen its services in Central Java, Jamkrindo officially inaugurated a new office building for its Solo branch, located at Jalan Slamet Riyadi No. 333, Solo, Central Java. This facility replaces the previous branch office on Jalan Honggowongso, Kratonan Village, Serengan District, which operated on a rental basis.
Hendro Padmono, President Director of PT Jamkrindo, emphasized that the company's transformative spirit is the foundation of its efforts to become a leading and trusted credit guarantee provider. Jamkrindo has undertaken a series of transformations in areas such as organizational structure, human resource management, technology systems, business operations, corporate governance, and risk management to ensure sustainable performance improvements.
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"The Solo Branch Office plays a significant role in supporting Jamkrindo's vision to become the top choice for businesses in guarantee services, driving growth and equitable economic distribution across the nation," said Hendro Padmono on Friday (10/3/2023). As of December 2022, Jamkrindo's Solo Branch recorded strong performance, achieving a guarantee volume of IDR 9.17 trillion with a pre-tax profit of IDR 86.32 billion. "With the new office building, we hope to enhance our already strong performance, considering the significant potential in the Solo Raya region, which includes Solo, Karanganyar, Sragen, Wonogiri, Boyolali, Sukoharjo, and Klaten," Hendro added. In 2022, credit distribution in the Solo Raya region reached IDR 102.71 trillion, reflecting a growth of 7.19% year-on-year (YoY).
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Based on usage categories, banking credit is predominantly allocated to working capital loans, accounting for 58%, followed by investment credit at 21% and consumer credit at 21%. "With the acquisition of the new building for the Solo Branch Office, we are optimistic that the Solo Branch will provide excellent services and added value for all stakeholders," said Hendro.
In addition to establishing a more representative branch office, Jamkrindo has also introduced innovations and breakthroughs in its operations and network to deliver service excellence to its partners. These include the introduction of online suretyship guarantees (suretyship.jamkrindo.co.id), the UMKM Layak marketplace guarantee platform (umkmlayak.co.id), and a Digital Business Unit (DBU) aimed at enhancing financial accessibility for MSMEs and cooperatives. As part of its internal readiness to face the Industry 4.0 era and the digital economy, Jamkrindo has implemented various transformations in its business processes through the effective use of information technology. This enables seamless collaboration with MSME partners, banks, and financial institutions online, including host-to-host systems, web services, and other digital solutions. These advancements underscore Jamkrindo's commitment to supporting economic growth and improving financial inclusivity for businesses across Indonesia.
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“This represents Jamkrindo's commitment to delivering innovative and competitive credit guarantee services with professional, effective, and efficient service on a sustainable basis,” said Hendro.
In terms of corporate goals, Hendro revealed that Jamkrindo aims to achieve a guaranteed volume of Rp 340 trillion in 2023. To meet this target, the company has outlined several strategic initiatives, including strengthening its product portfolio by improving terms and conditions, building strong claim reserves, and fostering collaborations within the holding group and with other state-owned enterprises (BUMN) to enhance profitability.
Additionally, Jamkrindo is focused on expanding and strengthening its partnership networks to penetrate and grow new markets. The company also aims to improve the quality and scope of customer service by leveraging technology and information systems. Other efforts include optimizing the rating and mentoring of MSMEs to increase market share, standardizing and enhancing the effectiveness of operational processes, fortifying its business and investment portfolio, as well as boosting the competence and productivity of human resources, fostering a risk-aware culture, ensuring compliance, and implementing good corporate governance (GCG) principles.
About Jamkrindo
As a credit guarantee company under the Indonesia Financial Group (IFG) holding, Jamkrindo offers a range of products, including both program-based and non-program guarantees. For program guarantees, Jamkrindo provides services like KUR (People's Business Credit) guarantees and KMK guarantees as part of the National Economic Recovery (PEN) program. For non-program guarantees, its offerings include general credit guarantees, microcredit guarantees, construction and procurement credit guarantees, goods distribution guarantees, as well as surety bonds, customs bonds, supply chain financing guarantees (invoice financing), and other credit guarantee products.
Press Release
PT Jamkrindo
Friday, March 10, 2023