Jakarta (Antara Bali) - Indonesia's sixth largest lender in asset CIMB Niaga recorded a 15 percent increase on year to Rp16.91 trillion in credits for small and medium enterprises (SMEs) in 2012.
CIMB's head of SMEs unit Sih Dianto Sundidjojo said in a statement issued here on Monday, the bank will continue the por tfolio of its credits for SMEs .
The credit market is growing in SMEs in the country, Sih Dianto said, adding the segment has been relatively unaffected by the global financial crisis.
"SMEs have special products and marketing strategy that the segment relatively safe from the crisis that cause a economic slowdown in various countries," he said.
Most of the credits with ceilings from Rp1 billion to Rp25 billion are for the trade and manufacturing sectors, he added.
The largest recipient is the Greater Jakarta area accounting for 40.9 percent , followed by East Java accounting for 15.6 percent. Outside Java the largest recipient is Sumatra receiving 18.6 percent. (*/DWA/T007)
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