Mandiri and BRI bank, stated own corporation decrease the rates of micro credit

The stated banks, mandiri and bri became the first announcing new platform regarding rate policy of micro credit. 

The trend of high rate especially micro credit of banks has become the shaft before the government before the objection initiated by the government to decrease the rate. 

Mandiri bank head to offer the flat lower rate micro credit for 6-7 months around 15% for the new debitor. Meanwhile, BRI bank offer the rate around 17% to 20%. 

Both of the banks admitted to target for the increasing demand of customer after the lowering rate propose for micro credit which encompasses large scope of market segment. Mandiri micro and business director, tardi said they aim to achieve  20% target for micro credit or around 51 trillion rupiahs in the end of 2016, higher than previous period 45 trillion rupiahs. 

Meanwhile, BRI target for 213 trillion rupiahs afer the achievement of 178.9 trillion rupiahs last year.

The initial discretion  of BRI and mandiri banks to lowering credit rate is basically still far from the main target of bank of indonesia to gain single digit rate in the end of 2016. The minister of fund and monetary in previous months called for the sinergic implementation of agreement to lower the rate after the bank of indonesia decrease its rate from 7 to point 6.75 expected to follow by banks as the area executor for the policy. 

Responding to the regulation, mandiri bank and bri opt to reduce the cost fund to attain the consensus with the goverment aiming for single digit rate in the end of 2016.