Intensifying banking services in Ramadhan
Bank Rakyat Indonesia recorded an increase in remittance transactions from Indonesian migrant workers during the last two months approaching Ramadhan. Up to end of June, BBRI remittance business has reach record amount of IDR 1.3t with major sources from migrant workers in Saudi Arabia and Malaysia . BBRI hopes to secure IDR 2 - 3t from remittance which represent 67% growth from last year achievement of IDR 1.8t. SME loans are also seeing double-digit growth of 20-22% equivalent with total credit of IDR 2 tr. Many SMEs are intensifying their businesses during fasting month up to end of the year. In anticipation of holiday weeks, BBRI has topped up cash of additional IDR 13.6tr, up 20% from last year sum. BBRI anticipated total cash required for this month is IDR 28.6tr, thus BBRI plans to deploy more ATMs to reach 5,100 units until mid of September 2010.
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