BNI Targets Downstream Sector

BNI Targets Downstream Sector

Jakarta, 8 May 2022 -- Bank Negara Indonesia (Persero) Tbk. or BNI (stock code: BBNI) captures business development opportunities in the downstream sector or commodity derivative sector. Demand in derivative sectors is now starting to increase in line with the post-Covid-19 pandemic recovery.  

BNI Corporate Secretary Mucharom said that the potential for credit growth this year is quite high. Many sectors have returned to record good performance improvements that have boosted performance, especially from the commodity derivative sector.  

This is also in line with the direction from the government so that the country's mainstay commodities can be sold overseas with higher added value.

"The downstream commodity sector is showing quite good growth. We see that many smelter developments will be very widespread and large. The government has begun to prohibit a lot of unfinished goods so that all processing takes place domestically. We hope this will be the engine of growth for our private corporate segment," he said.  

Mucharom said that BNI's credit growth this year was still in line with the target at the beginning of the year. Several top tier customers have started showing performance improvements such as infrastructure, electricity and gas, warehousing and digital. This is also in line with the decline in credit restructuring so that it helps BNI to be able to carry out higher quality expansion.  

"We will stick with our initial target of high single digits. We have seen high growth potential since the beginning of this year, so we are quite confident," he said. 

Meanwhile, credit in the Business Banking segment is still the motor of BNI's credit business acceleration. This growth was mainly financing to the private corporate segment which grew 9.9% yoy to Rp193.2 trillion; the large commercial segment which grew 24.5% yoy to Rp46.1 trillion; the MSME segment also grew 11.8% yoy with a credit value of Rp 98 trillion. Overall credit in the business banking sector grew 4.8% yoy to Rp 489.3 trillion. (*)


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