Independent & BNI have reserves large enough
Bank August 2nd, 2010
Bank Mandiri and BNI has a foreign currency liquidity reserves large enough, each with U.S. $ 2.3 billion and U.S. $ 2.1 billion after demand for foreign currency financing, especially for exports and imports (trade finance) is still relatively low.
Treasury Director of Bank Mandiri Thomas Arifin told liquidity conditions are still very liquid foreign exchange with the liquidity reserve of U.S. $ 2.3 billion and a third party foreign currency funds of U.S. $ 4.2 billion. Credit position of $ 3.1 billion of foreign exchange.
“Credit has not shown an increase in foreign exchange, as well as trade finance activities have not seen a significant increase because companies still tend to use the financing in rupiah,”
bisnis.com explained to this day.
Thomas expects will be a larger increase in the trade finance market in order to target the distribution of funding could be even greater. This year, Bank Mandiri memiproyeksikan growing range of foreign exchange financing 25% -30%.
Director of Treasury & International BNI Bien Subiantoro express the relative position of excess liquidity of foreign currency (over liquid) with reserves reached U.S. $ 2.1 billion. In fact, he said, the normal position of foreign exchange reserves sufficient funds in the range of U.S. $ 400 million-U.S. $ 500 million.
“Finally we put the investment in financial markets, because demand has not great. The truth is more secure and able to obtain a higher yield if you can be channeled to the trade
finance to be encouraged this year, “he explained.
Bien explained the expansion of foreign exchange financing last year is still relatively good, especially after a set of risk management that could ultimately boost foreign currency financing of U.S. $ 5.6 billion in 2008 to U.S. $ 8.6 billion last year. Is targeted for 2010 could reach U.S. $ 10.6 billion.
For most large export financing is still in the agricultural and mining commodities. While imports almost all grown especially for the needs of raw materials such as textiles, machinery, and various areas of manufacturing industry and other sectors.
