The more people who get credit guarantees, the greater the growth potential of economic activities in the community.
Jakarta (ANTARA) - President director of state-owned insurance company Perum Jamkrindo, Randi Anto, said. that the company continues to increase the volume of program and non-program guarantees to boost the economy in the community, "The more people who get credit guarantees, the greater the growth potential of economic activities in the community," Anto said in a statement in Jakarta Monday regarding the anniversary of Jamkrindo, July 1, 2019.

In 2019, the Jamkrindo Corporation targets a guarantee volume of IDR182.36 trillion or an increase of 16.5 percent from the 2018 Corporate Budget Work Plan (RKAP) of IDR155.6 trillion, Anto explained.

As of May, the guarantee volume had reached Rp90.38 trillion, which grew 22.5 percent with a pre-tax profit of Rp302.52 billion or 42.37 percent of RKAP profit (loss) before tax in 2019 amounting to Rp714 billion.

As for assets in May 2019, it amounts to IDR17.19 trillion or an increase of 5.81 percent of assets as of December 31, 2018, while the achievement of equity was IDR11.55 trillion, up 2.34 percent compared to December 31, 2018, he said.

"Perum Jamkrindo will continue to be committed to expanding the guarantee market by opening new partnerships for banks, non-banking, and BUMN, as well as conducting strategic studies to create guarantee products according to the development of the banking / non-bank industry," he stated.

A dynamic moving economy demands a rapid response from corporations, including Perum Jamkrindo, he added.

Perum Jamkrindo has established a number of strategies by strengthening the competence of human resources, automating business processes by increasing the strength of the optimal operational management system, developing a product that has added value, strengthening market penetration with various innovations, and synergy initiatives with various business partners company, according to him.

One of the latest innovations in the guarantee sector is implementing a "marketplace guarantee" or MPG that can create a "captive market" guarantee through the company's role as a potential UMKM database supplier that is creditworthy and worthy of guarantee guarantees, Anto said. (INE)

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Translator: Ahmad Buchori/Eliswan Azly
Editor: Suharto
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