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Jakarta, CNBC Indonesia – The Minister of Public Companies (BUMN) Erick Thohir again revealed two important corporate actions that will be carried out by state companies in the near future.
In front of the members of Commission VI of the House of Representatives (DPR), Erick again revealed a synergy plan for the distribution of ultra-microcredit that will be carried out by PT Bank Rakyat Indonesia Tbk (BBRI), PT Pegadaian ( Persero) and PT Permodalan Nasional Madani (PNM).
This synergy is called Ultra Micro Holding, which had previously skyrocketed BBRI shares.
In addition, Erick also revealed the merger of three state-owned Islamic banks that would become PT Bank Syariah Indonesia and become the largest Islamic bank in Indonesia.
“That’s why we also make a long-term strategy for each BUMN. It’s proven that eventually people believe,” Erick said on Wednesday (1/20/2021).
This corporate action received a positive response from the public and triggered the prices of the BUMN shares that carried out this corporate action.
“The synergy of ultra-micro or sharia (makes) stocks very reliable. And this is the first time that BUMN stocks are higher than LQ45, which I think is a positive appreciation of the market directly,” Erick added .
As is known, the Ministry of BUMN has made plans to form Ultra Micro Holding which will later be filled by BRI, Pegadaian and PNM.
BUMN Deputy Minister Kartika Wirjaatmadja said that the main objective for the formation of this Holding is 50 million ultra-micro clients, of which 30 million still do not have access to formal financing.
“So the main objective of the integration of this ultra-micro holding is to build an ecosystem that can incorporate UMI’s business players,” Kartika said on Monday (1/18/2021).
He explained that there are three synergies of focus that will be carried out in the formation of this holding: first, the efficiency of interest expenses or the cost of funds. With synergy with banks as lenders, the costs receivable are expected to be lower.
Second is the network synergy of the three BUMNs. With this, it will be easier to expand the business at a lower cost than the cost of the reserved cost.
In addition, there is a synergy for the digitization of the platform. Subsequently, this holding will have a national data bank for MSMEs that will cover tens of millions of MSMEs.
“So that in the future we can carry out several programs to support MSMEs in the goal with the data that we build in this ecosystem,” explained the former CEO of PT Bank Mandiri Tbk (BMRI).
Meanwhile, regarding the merger of Islamic banks, there are three banks that were merged, namely PT BRISyariah Tbk (BRIS), PT Bank Syariah Mandiri (BSM) and PT Bank BNI Syariah (BNIS). The merged bank will be called PT Bank Syariah Indonesia Tbk or BSI with the fixed slate code BRIS.
Bank BRISyariah will use this name as a surviving entity.
The head of the Project Management Office for the Integration and Improvement of the Value of BUMN Sharia Banks, Hery Gunardi, said that all processes and stages of the merger will continue to be monitored until the merger of the three Islamic banks BUMN is completed. .
“The presence of the Sharia Bank of Indonesia will be a milestone in the revival of the Sharia economy and finance in Indonesia. As the largest Islamic bank in Indonesia, this new entity certainly requires a strong identity and experienced directors to run its operations. “said Hery, who will be the CEO of BSI.

The result of this merger will produce the largest Islamic bank in Indonesia in terms of assets with total assets reaching Rs 214.6 trillion. BSI will become a BUKU III bank with a core capital of Rs 20.42 trillion.
[Gambas:Video CNBC]
(hps / hps)
