JAKARTA, 9 July 2022 -- Expansion of the international banking performance of PT Bank Negara Indonesia (Persero), Tbk. or BNI (stock code: BBNI) continues to grow rapidly, especially in helping micro, small and medium enterprises (MSMEs) to Go Global.
The Indonesian Chamber of Commerce and Industry (Kadin) also hopes that national banking can be as aggressive as BNI, especially in helping MSME players to enjoy the crunch of cash in the international market.
Throughout January–May 2022, BNI has managed to record a very good export transaction volume growth, with an annual growth of 30.62%. Total overseas branch loans were recorded at US$ 3.9 billion, a very proud 18% year-on-year increase in May 2022.
Deputy Chairperson of KADIN for International Relations, Shinta Kamdani appreciated BNI's proactive efforts to encourage Micro, Small and Medium Enterprises (MSMEs) to Go Global. This needs to be followed by other private banks to help MSMEs have greater competitiveness, even to the international market.
"The pioneering steps that have been taken by BNI are naturally followed by other banking institutions in Indonesia. So the objective is for the buying and selling transactions of MSME players to grow, and their market share to be bigger and competitive in the global market," she explained, Friday.
She elaborated that in an effort to level-up MSMEs to the global market, it is not easy. There are various obstacles related to the growth of the MSME sector, such as lack of financial support, technology, unavailability of skilled labor, and limited access to global markets.
This can only be overcome with the concerted efforts of the government and financial institutions. Banking, according to her, plays a vital role in expanding financial assistance through various customized loan schemes and using the latest technology.
"In this case, BNI as the government's development agency, has played a major role in ensuring an increase in the MSME loan ratio to 30%, as aspired by President Joko Widodo," she explaine.
BNI President Director, Royke Tumilaar said, throughout this year, several concrete steps have been taken by BNI to encourage MSMEs to Go Global, including collaborating with TradeBeyond Limited, the largest e-commerce platform in Hong Kong.
This collaboration is intended to find space for local MSMEs to get the direct attention of the people in Hong Kong and several countries that use the application.
In addition, BNI also cooperates with the International Chamber of Commerce (ICC) or the Indonesian International Chamber of Commerce in order to strengthen the capacity and marketing network of MSME Go Global. BNI has become the preferred bank for optimizing all overseas branch offices whose coverage is almost all over the world.
Furthermore, the Company has also built cooperation with the Korean Imported Association (KOIMA) in terms of strengthening the database, as well as organizing more intensive business matching between Indonesia and the K-Pop country.
To strengthen financing, BNI cooperates with Lembaga Pembiayaan Ekspor Indonesia (LPEI). BNI collaborates with this institution known as EximBank in terms of financing the fast track scheme with a maximum financing facility of up to Rp 25 billion.
"To increase exports of MSME players, BNI has recruited communities of diaspora MSME players in New York, Hong Kong, Korea, and Amsterdam. In fact, BNI has started to distribute diaspora loans, which we will continue to encourage in the future," concluded Royke.
LPEI supports BNI's efforts to continue on encouraging MSMEs to penetrate the global market.
The Managing Director of Institutional Relations, Chesna F. Anwar, said that cooperation with banks, including BNI, will open up wide opportunities for MSMEs to reach the global market.
"Partnerships with banking in general will open up wide opportunities for MSMEs to reach the global market, for example getting information from banks about the business of debtors in foreign countries, export facilities, and others," he explained.