Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Mahinda Arkyasa
In response to the Constitutional Court (MK) decision on the review of Government Regulation in Lieu of Law No. 49 of 1960 on State Receivables Committee, Association of State-Owned Banks (Himbara) urged the Government to harmonize all laws and regulations on state receivables.
“Himbara hopes that such laws and regulations do not contradict with each other,” said Gatot Murdiantoro Suwondo, Chairman of Himbara and Chief Executive Officer of Bank Negara Indonesia, in a meeting with the House of Representatives (House), Monday (8/4).
He asserted that regulation synchronization is important in order to improve operation of state-owned banks for the purpose of boosting Indonesia’s economic development.
Gatot further explained that MK’s decision confirmed that state-owned banks’ assets are not considered as state assets and that state-owned banks may decide to settle any receivables in accordance with their own policy instead of delegating the settlement to the State Receivables Committee.
“In the decision, MK states that receivables can be settled through debt restructuring in forms of giving a debt haircut, debt conversion, and rescheduling,” Gatot stated.
For example, Maryono, Chief Executive Officer at PT Bank Tabungan Negara (BTN), informed that BTN established its own policy on receivables settlement, which includes four steps. Maryono explained that first, BTN will set a limit of receivables that will be settled up to IDR 115 billion.
Second, there will be changes to provisions stated in BTN’s constitutional documents, specifically to provisions on debt write-off.
Steps three and four are to improve BTN’s internal policy and standard operating procedures on debt write-off and to submit a request for debt write-off to BTN’s Board of Commissioners, respectively.
“BTN has taken measures to ensure the implementation of debt write-off. We also prioritize our bank’s health in taking these measures,” he said.
Similar to Maryono, Sofyan Basir, Chief Executive Officer at PT Bank Rakyat Indonesia (BRI), explained that besides complying with the prevailing laws and regulations, BRI will implement principles on prudential banking and good corporate governance in settling receivables.
It should be noted that Abdul Rahman, one of BRI’s Directors, informed that up to 2012, BRI has recovered IDR 10,134 trillion in debts.
Meanwhile, the amount of bad credit that is yet to be recovered has reached IDR 14,530 trillion—with IDR 7,4 trillion (equals to 51,16%) originating from credit provided for the trade sector.
Meanwhile, Arif Budimanta, a member of Commission XI of the House, appreciated Himbara’s opinion regarding state receivables.
“The House and the Government are coming to an agreement on state receivables concept, especially regarding receivables settlement mechanism in the banking sector,” he concluded.
(jt)
Fathan Qorib, Mahinda Arkyasa
In response to the Constitutional Court (MK) decision on the review of Government Regulation in Lieu of Law No. 49 of 1960 on State Receivables Committee, Association of State-Owned Banks (Himbara) urged the Government to harmonize all laws and regulations on state receivables.
“Himbara hopes that such laws and regulations do not contradict with each other,” said Gatot Murdiantoro Suwondo, Chairman of Himbara and Chief Executive Officer of Bank Negara Indonesia, in a meeting with the House of Representatives (House), Monday (8/4).
He asserted that regulation synchronization is important in order to improve operation of state-owned banks for the purpose of boosting Indonesia’s economic development.
Gatot further explained that MK’s decision confirmed that state-owned banks’ assets are not considered as state assets and that state-owned banks may decide to settle any receivables in accordance with their own policy instead of delegating the settlement to the State Receivables Committee.
“In the decision, MK states that receivables can be settled through debt restructuring in forms of giving a debt haircut, debt conversion, and rescheduling,” Gatot stated.
For example, Maryono, Chief Executive Officer at PT Bank Tabungan Negara (BTN), informed that BTN established its own policy on receivables settlement, which includes four steps. Maryono explained that first, BTN will set a limit of receivables that will be settled up to IDR 115 billion.
Second, there will be changes to provisions stated in BTN’s constitutional documents, specifically to provisions on debt write-off.
Steps three and four are to improve BTN’s internal policy and standard operating procedures on debt write-off and to submit a request for debt write-off to BTN’s Board of Commissioners, respectively.
“BTN has taken measures to ensure the implementation of debt write-off. We also prioritize our bank’s health in taking these measures,” he said.
Similar to Maryono, Sofyan Basir, Chief Executive Officer at PT Bank Rakyat Indonesia (BRI), explained that besides complying with the prevailing laws and regulations, BRI will implement principles on prudential banking and good corporate governance in settling receivables.
It should be noted that Abdul Rahman, one of BRI’s Directors, informed that up to 2012, BRI has recovered IDR 10,134 trillion in debts.
Meanwhile, the amount of bad credit that is yet to be recovered has reached IDR 14,530 trillion—with IDR 7,4 trillion (equals to 51,16%) originating from credit provided for the trade sector.
Meanwhile, Arif Budimanta, a member of Commission XI of the House, appreciated Himbara’s opinion regarding state receivables.
“The House and the Government are coming to an agreement on state receivables concept, especially regarding receivables settlement mechanism in the banking sector,” he concluded.
(jt)