BRI Limits Coal Industry Credit, Here's the Amount of Assistance Provided Since 2019
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Bank Rakyat Indonesia (BRI) announced on Wednesday, May 25, 2022, that it will limit credit disbursement to the coal and oil industries. This announcement was made by BRI's President Director, Sunarso, at the World Economic Forum in Davos.
Citing data from Global Coal Exit 2021, BRI disbursed US$698 million, or approximately Rp10.16 trillion (assuming an exchange rate of Rp14,564 per US$), between January 2019 and November 2021.
While this amount seems substantial, it is significantly less than Bank Mandiri, which ranks first.
The same data shows that Mandiri disbursed US$4.01 billion, or Rp58.4 trillion, to the coal industry. This comprises US$1.66 billion in loans and US$2.35 billion in guarantees.
Bank Negara Indonesia (BNI) ranks second, above BRI. BNI disbursed a total of US$963 million (Rp14.02 trillion), consisting of US$642 million in loans and US$322 million in guarantees.
Below the three state-owned banks is Bank Central Asia (BCA). BCA disbursed a total of US$626 million (Rp9.12 trillion), comprising US$258 million in loans and US$367 million in guarantees.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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