PR Newswire
07 Sep 2022, 11:25 GMT+10
THE HAGUE, Netherlands, Sept. 7, 2022 /PRNewswire/ -- Consistently empowering MSMEs growth in Indonesia, PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) has successfully assisted them in bringing their products in front of thousands of visitors at the largest Eurasian cultural festival in the world, the Tong Tong Fair, at the Center of The Hague, Netherlands, from 1 September to 12 September 2022.
Empowering MSMEs to compete in the global market is a long journey. BRI has been taking part in educating MSMEs to implement professional financial management, marketing, branding to find stories behind their products thus increasing product uniqueness and competitiveness. BRI has also been assisting MSMEs to go digital to widen their market shares.
"We need to support the MSMEs directly because merely submitting funds is not enough. BRI continues to strive for local MSMEs to recognize their full potential and penetrate the global market. One of our efforts is bringing them to the Tong-Tong Fair," said Amam Sukriyanto, Director of Small and Medium Business BRI.
In addition, BRI carries out a business matching strategy to bring together consumers from abroad with local MSMEs through the MSME EXPO(RT) BRILIANPRENEUR, an annual event to support MSMEs to go global.
In 2021, the BRIlianpreneur EXPO(RT) recorded a total transaction of US$72.13 million business-matching transactions, exceeding the company's set target of US$65 million. 110 buyers from 31 countries, including the United States, the European Union, the Middle East, Australia, etc. attended the event.
"MSMEs in Indonesia have enormous potential with a variety of unique products that are favored by international consumers. Our goal is for MSMEs to develop the best-quality products in line with market needs," added Amam.
In Q2 2022, BRI's MSME loan portfolio grew by 9.81% year-on-year (YoY) from IDR 837.82 trillion in Q2 2021 to IDR 920 trillion in Q2 2022, making the proportion of MSME loans compared to BRI's total loans to 83.27%. Furthermore, BRI managed to disburse loans of IDR 1,104.79 trillion (8.75% YoY growth) in the same period.
The entire credit sector recorded a positive increase, with the main pillars being the micro segment (15.07% growth), the consumer segment (5.27%), the corporate segment (3.76% growth), and the small and medium segment (2.71% growth).
SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...