News

Lending & Credit

Staff Reporter

, Indonesia

Published:

1 month ago

BRI's Ultra Micro Holding marked its three-year anniversary on September 13, 2024 (Photo by BRI)

BRI’s UMi has disbursed $40.53b in loans to MSMEs

Three years after launch, UMi now serves 176 million depositors.

Bank Rakyat Indonesia (Persero) (BRI) said that its Ultra Micro Holding (UMi) ecosystem has disbursed financing exceeding $40.53b (IDR622.3t).

Three years after its launch, UMi now serves over 176 million depositors and 36.1 million borrowers, BRI said.

UMi comprise of BRI, PT Pegadaian and PT Permodalan Nasional Madani (PNM).

BRI President Director Sunarso said that the past three years are just the beginning of their commitment to financial inclusion in Indonesia.

Indonesia's Minister of State-Owned Enterprises, Erick Thohir, highlighted the establishment of Ultra Micro Holding as a “strategic move” to unite BRI, Pegadaian and PNM to strengthen the competitiveness of MSMEs.

Also Read

South Korean banks’ bad loans rise in August

Australian mortgage arrears rise to highest in 10 years

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit