Danantara Urges Longer Tenor, Lower Rates for State Banks Cash Placement
Danantara Indonesia is pushing for an extension of the tenor and a reduction in interest rates for state-owned bank investments to support the economy.
(Bisnis.Com) 01/01/70 07:00 4612
Bisnis.com, JAKARTA — Sovereign wealth fund Danantara Indonesia is pushing to lower interest rates and extend the tenor of state cash placements in state-owned banks to better stimulate the economy, while the banks are asking more funds for the government’s ongoing credit injection program.
One month ago, the Finance Ministry moved IDR 200 trillion from Bank Indonesia (BI) into third-party funds (TPF) at state-owned banks to disbursed as loans. Bank Mandiri, BRI, and BNI each received IDR 55 trillion, while BTN received IDR 25 trillion and BSI was injected IDR 10 trillion.
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