Indonesian central bank takes steps to improve real sectors
Indonesian central bank (BI) is trying to take a series of measures to improve the real sectors especially the energy sector, said an official quoted by the leading website Detikcom here on Thursday.
"The steps are namely reducing asymmetric information, increasing risk management quality, expanding research activities and loosening the credit provision maximum limit (BMPK)," said Wimboh Santoso, deputy head of financial system stabilization under the central ban, reproted Xinhua.
According to him, the reduction of asymmetric information was implemented through debtor information system (SI), investors relations unit (IRU), data and Indonesian business information (DIBI) at workshops and intermediary bazaar between banking and real sectors including energy sector.
He said that the standard improvement and risk management capability for banking can be implemented through the food and energy resilience program, biodiesel development credit and plantation revitalization.
"Pricing of funding is more relevant with the risk profile and funding decision which is effective in reducing bad loans, that we can improve the funding sustainability for the sectors," he said.
BI intended to loosen BMPK for state-owned enterprises or vital projects up to 30 percent.