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State Banks Stop Loans to State Construction Companies amid Credit Crunch

Monday, March 25, 2024

State banks stop distributing loans to state construction companies. Government assignment projects are burdening banks.

arsip tempo : 177092080916.

Debt restructuring agreement through the Master Restructuring Agreement (MRA) between Waskita Karya and seven bank creditors, at Mandiri Club, Jakarta, August 2021. Waskita Doc. . tempo : 177092080916.

STATE-owned banks bear the burden of large debts and the risk of loan defaults from fellow state-owned enterprises (SOEs). Members of the State-Owned Banks Association (Himbara) repeatedly come to the rescue of state construction companies, also known as BUMN Karya, working on major projects, such as Waskita Karya and Wijaya Karya.

Himbara members continue to build reserves to anticipate loan defaults from BUMN Karya. Bank Rakyat Indonesia,

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Ghoida Rahmah

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