Jakarta, 27 March 2020 --- President has given direction that bank and non-bank financial institutions assist the community who have difficulties to fulfill their credit liabilities to bank due to the spread of coronavirus disease 2019 (COVID-19), both directly and indirectly. PT Bank Negara Indonesia (Persero) Tbk or BNI ready to assist by restructuring debtors’ credit, including micro, small and medium enterprises (UMKM), as long as the debtor is identified to be COVID-19-affected.
BNI’s policy is based on the Regulation of the Financial Service Authority (POJK) Number 11/POJK.03/2020 regarding National Economy Stimulus as Countercyclical Policy of the Spread of Coronavirus Disease 2019 or known as POJK of COVID-19 Impact Stimulus.
The Bank can implement policies that support economic growth stimulus for debtors affected by the spread of COVID-19, including MSME debtors, while still observing the prudent principle. These debtors are those who find it difficult to fulfill obligations to banks because they are affected by the economic sector, including tourism, transportation, hospitality, trade, processing, agriculture, and mining.
There are several credit or financing restructuring schemes that can be carried out as stipulated by the POJK in assessing asset quality, including by (1) extending the credit period, (2) extending the grace period, (3) reducing interest rates on loans and/or provisions, and (4) lowering interest rates.
With this POJK, the credit status of a bank debtors affected by COVID-19 can be set current since the restructuring. This relief can be applied in accordance with the period stipulated by the POJK. BNI will continue to coordinate with OJK in implementing the POJK later.
In the application or restructuring scheme, there will be an assessment of the profile, capacity, and accuracy of a debtor’s payment, also verification that the debtor is indeed affected by COVID-19 or has a good track record.
“BNI has prepared relaxation policy through restructuring according to condition and capability of BNI Partner Customers, in order to be able to pass this crisis together. For more details, BNI partners can contact the credit manager at the nearest branch office or credit center," said the Micro, Small and Medium Enterprises (MSMEs) Director of BNI, Tambok P Setyawati in Jakarta, Friday (27 March 2020).
For more information, please contact:
Corporate Secretary BNI