Jakarta | Perusahaan Umum Jaminan Kredit Indonesia (Perum Jamkrindo) recorded a profit of IDR 314.04 billion in the first semester of 2015 (as of June 30).
This figure increased by 16.02% compared to the first semester of 2014, which stood at IDR 270.68 billion.
"Quite satisfied, but we will continue to boost performance to achieve even better results," said Perum Jamkrindo President Director Diding S. Anwar during the second-quarter national working meeting (semester I) of Perum Jamkrindo in Jakarta, Tuesday (August 4, 2015).
The company’s assets were also recorded well. As of June 30, 2015, management recorded assets worth IDR 10.21 trillion with equity of IDR 8.36 trillion.
The profit increase was attributed to higher guarantee service fees, investment income, and other revenues (subrogation). This excellent profit performance was also supported by the total volume of credit guarantees, which by the second quarter reached IDR 25.856 trillion, an increase of 150.2% compared to the same period the previous year. Perum Jamkrindo targets to record a guarantee volume of IDR 81.78 trillion by the end of 2015.
Non-Bank Guarantee Surge
According to Bank Guarantee Director Bakti Prasteyo, although the volume is still dominated by bank guarantees, the non-bank guarantee sector experienced a significant surge. Non-bank guarantees grew by 451.94%, from only IDR 702.29 billion (first semester 2014) to IDR 3.17 trillion (first semester 2015).
The guarantee income includes revenue from 13 guarantee products: general credit guarantees, microcredit guarantees, bank guarantee/counter guarantee, construction and procurement credit guarantees, goods distribution guarantees, multipurpose credit guarantees, People's Business Credit (KUR) guarantees, surety bonds, rural bank (BPR/BPRS) credit guarantees, FLPP Prosperous Housing Loan guarantees, customs bonds, cargo agency guarantees, and invoice financing guarantees.
Maritime Focus
On this occasion, Diding S. Anwar stated that the company would focus more on expanding guarantees in the maritime sector, especially for micro, small, and medium enterprises (MSMEs) and cooperatives (UMKMK). This sector is considered a future mainstay and a direct directive from President Joko Widodo.
"The maritime sector will be realized through various collaborations and partnerships with relevant stakeholders," he said.
As previously known, Perum Jamkrindo signed a cooperation agreement with Bank BNI at the end of April regarding guarantees in the maritime sector. Several cooperatives and MSMEs in the maritime sector whose credit access is provided by BNI are entirely guaranteed by Perum Jamkrindo.
Diding is also committed to continuously improving the capability and capacity of human resources within the company. This effort anticipates the imminent ratification of the Guarantee Law Bill, which is currently in the presidential mandate (Ampres) stage.
"There will be mentoring, so we must be ready with skilled human resources. If necessary, we are determined to have experts in the fields of guarantee, packaging, and marketing, especially for the UMKMK sector," Diding said.
Strategic Steps Forward
Perum Jamkrindo is currently undertaking and will continue to take strategic steps. These include management’s plan to invest in a national reinsurance company, Credit-Rating Pefindo, and the Indonesian Entrepreneurs Credit Guarantee Company (PKPI). Other steps involve establishing an insurance company and an investment management company.
To enhance competitiveness and guarantee accessibility for UMKMK, Perum Jamkrindo now has 35 branch offices across all provinces and has also established 21 Service Unit Offices (KUP) at the district/city level. (team)Ja