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Mandiris idle credit tops IDR53 trillion

JAKARTA: Total undisbursed loan commitment in PT Bank Mandiri Tbk, Indonesia-based leading bank, until the end of first quarter 2011 reached IDR53 trillion dominated by corporate customers for investment financing."Total undisbursed loan in Bank Mandiri

JAKARTA: Total undisbursed loan commitment in PT Bank Mandiri Tbk, Indonesia-based leading bank, until the end of first quarter 2011 reached IDR53 trillion dominated by corporate customers for investment financing."Total undisbursed loan in Bank Mandiri reaches IDR53 trillion in March 2011, Bank Mandiri Director of Finance and Strategy Pahala N. Mansury, on Wednesday.Considering on the total, the idle credit, in a term of asset, stayed at 21.11% of total credit portfolio at the end of March 2011 by IDR251 trillion.Nationally, Mandiri also contributed 8.5% of total idle credit among national banks at the end first quarter 2011 by IDR623.22 trillion.Nevertheless, the loan growth for 2011 jumped higher than undisbursed loan growth.For the first quarter of 2011, the lender had distributed new credit facilities by IDR15 trillion with greatest portion for corporate customer by IDR5.5 trillion.In addition, the remaining were disbursed for consumer credit by IDR3.2 trillion, then commercial credit by IDR2.6 trillion, and micro and small credit by IDR1.8 trillion.Focusing on corporate credit, outstanding disbursement for financing until the end of April 2011 was about IDR88 trillion. The disbursement is expected until the end of May to penetrate IDR91 trillion, he continued.Today, the corporate loan has 45% portion of total credit portfolio. But the corporate loan growth by 14% per year is still lowest among growth of other segments, as confirmed by President Director of Bank Mandiri Zulkifli Zaini.Other segments as business banking, commercial banking, consumer financial, and micro, small, and medium enterprises can grow above 30%, he said.Meanwhile, the disbursement of corporate credit had been placed for main economic sectors as energy, infrastructure, toll road, oil and gas, plantation, and telecommunication.Even though the credit growth in the period stayed above 22$, but bank business plans (RBB) hasnt been revised yet to Bank Indonesia. (20) (t01/msw)

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