Jakarta — The Ministry of Finance announced that it will soon infuse IDR 2 trillion in capital into PT Asuransi Kredit Indonesia (Askrindo) and PT Penjaminan Kredit Indonesia (Jamkrindo) this year.
Finance Minister Agus Martowardojo made the statement during an interview at the DPR-RI Building in Senayan, Jakarta, on Thursday, July 15, 2010. “BPUI (Bahana Pembinaan Usaha Indonesia) and Askrindo were transferred to us by Bank Indonesia. For Askrindo, we will immediately deposit capital, and likewise for Jamkrindo, with each receiving an average of IDR 2 trillion,” he said.
Agus explained that the Ministry of Finance is focusing its efforts on Jamkrindo to more effectively stimulate the disbursement of Kredit Usaha Rakyat (KUR). “We expect that the capital injection will boost the distribution of KUR, which has been relatively sluggish this year,” he noted.
He added that with the additional capital earmarked specifically for Jamkrindo, the KUR target for 2010—ranging between IDR 15 trillion and IDR 20 trillion—will be attainable. “We must ensure there is sufficient capital to guarantee the banks that extend these loans,” he emphasized.
Regarding BPUI and Askrindo, Agus mentioned that internal discussions are still underway to decide whether these institutions should fall under the Ministry of Finance or the Ministry of State-Owned Enterprises. “We are currently assessing whether they should be placed under the Ministry of Finance or the Ministry of BUMN,” he explained.
Furthermore, he indicated that his ministry would soon review the work plans of each entity that came under government control. Discussions over appointing new directors and commissioners are also part of the ongoing deliberations. “If the current performance is satisfactory, we will continue to push for improved results. We will conduct a thorough review first,” he added.
According to a source from detikFinance, one of the Ministry of Finance officials slated to serve as a commissioner for BPUI is Hadiyanto, the Director General of State Assets.