North Sumatra Ranks in the Top Five KUR Distributors
North Sumatra (Sumut) ranks fifth among the largest national distributors of People’s Business Credit (KUR), with a total disbursement of Rp1.960 trillion as of July 2012.
"As of June, KUR disbursement in Sumut reached Rp1.890 trillion, an increase from Rp1.72 trillion in April," said Deputy Director of Bank Indonesia (BI) Representative Office for Region IX Sumut-Aceh, Mikael Budisatrio, in Medan yesterday.
National KUR Disbursement Rankings
On a national scale, the total KUR disbursement as of July reached Rp36.725 trillion. The top five provinces with the highest KUR disbursement are:
- East Java – Rp5.611 trillion
- Central Java – Rp4.792 trillion
- West Java – Rp4.116 trillion
- South Sulawesi – Rp2.005 trillion
- North Sumatra – Rp1.960 trillion
Consistent Growth in KUR Distribution in North Sumatra
KUR disbursement in Sumut has steadily increased since the beginning of the year:
- March 2012: Rp1.70 trillion
- April 2012: Rp1.72 trillion
- May 2012: Rp1.80 trillion
- June 2012: Rp1.890 trillion
- July 2012: Rp1.960 trillion
"As KUR disbursement increases, the number of debtors also rises, reaching 281,351 as of July," Mikael explained.
Bank Indonesia Encourages Responsible KUR Disbursement
BI Medan continues to urge banks to expand KUR disbursement, in line with government programs, while also emphasizing caution to minimize non-performing loans (NPLs).
"So far, the government has not imposed penalties on banks for failing to disburse KUR according to their allocated ceiling. However, every bank wants to maintain strong performance and expand its customer base," he added.