Akulaku Finance Agree to Collaborate on Financing with 4 Rural Credit Banks (BPR)

Jakarta, 22 February 2021 – A financing company part of the Akulaku Group, PT Akulaku Finance Indonesia, has entered into a financing partnership with four rural credit banks.

This collaboration allows Akulaku to absorb syndicated funding to be channeled as financing under an executing scheme.

The four BPRs involved in the collaboration include PT Bank Perkreditan Rakyat Supra Artapersada (as well as acting as the Lead Arranger), PT Bank Perkreditan Rakyat Naribi Perkasa, PT Bank Perkreditan Rakyat Ciledug Dhana Semesta, and PT Bank Perkreditan Rakyat Rama Ganda.

President Director of Akulaku Finance Indonesia Efrinal Sinaga said the collaboration with a number of rural credit banks was a corporate action in realizing inclusive collaboration with financial institution partners in expanding the reach of a wider range of access to finance for the public. This is also in line with Akulaku’s vision and commitment to achieving financial inclusion.

“Through this collaboration, the scope of collaborative funding and synergy between Akulaku Finance as a digital-based financing company with various financial institutions is becoming wider. It is not only limited to commercial banks but also includes embracing BPRs,” said Efrinal.

He considered that the Covid-19 pandemic had become a game changer that changed various people’s habits to become social distancing and completely digital, including in terms of accessing financial services. This change in habits has had a positive impact on increasing the distribution of financing through online platforms. Thus, banking partners can also maintain the quality of lending by synergizing with digital-based finance companies.

This agreement also shows increased trust from the banking industry in Akulaku Finance Indonesia after securing a number of joint financing agreements in 2020 with a number of banks, including Bank Jago, Bank OCBC NISP, Bank JTrust, etc. 1

“We will continue to maintain this trust from the banking sector by continuing to maintain the quality of financing distribution through the implementation of good risk mitigation management,” he said.

Even though the Covid-19 pandemic put considerable pressure on all economic sectors in 2020, PT Akulaku Finance Indonesia was still able to record growth in financing distribution of more than 40% throughout the year.

Akulaku Finance Indonesia can also maintain the quality of financing disbursement by ensuring that the net non-performing financing (NPF) ratio is at a healthy level of 0.05%.