15 banks to channel working capital loans for corporate segment

The government has launched credit guarantee schemes for labor-intensive corporations, in a bid to restore the state economy. The credit guarantee program is done by providing banks with loan insurance facilities that can raise their working capital credit exposure for corporate borrowers. According to the Finance Ministry, 15 banks will get the facility: BCA, Bank Danamon, DBS Bank Indonesia; HSBC Indonesia; ICBC Indonesia; Maybank Indonesia; Bank Resona Perdania, Standard Chartered Bank; UOB Indoworknesia; Bank DKI, and Bank MUFG, Ltd., as well as four state-owned banks Bank Mandiri, BNI, BRI and BTN.

July 30 2020, Tempo - Read 16 times

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