By the end of April 2020, Bank Mandiri had approved effective loan restructuring to more than 300,000 debtors affected by Covid-19 with a debit tray value of around Rp58 trillion. Of this amount, most were MSME debtors, most of whom used a scheme to delay the payment of principal and interest installments.
According to Bank Mandiri Corporate Secretary Rully Setiawan, according to the mandate of the OJK Regulation which was confirmed by the OJK letter dated May 27, 2020, Bank Mandiri has formulated an internal policy to accelerate the process of approval for the restructuring, as well as conducting a special reporting process.
"We also welcome some of the easing of banking regulations, especially related to capital adequacy rules delivered in the OJK Letter yesterday because it will provide banking liquidity and capital space so that financial sector stability is maintained amid the Covid-19 pandemic," Rully said in Jakarta yesterday.
He added, currently Bank Mandiri still has sufficient liquidity to meet both short and long-term needs, as indicated by Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), each of which is around 170% and 112%.
"With the high realization of LCR and NSFR, adjusting the LCR and NSFR compliance obligations to 85% provides more liquidity leeway for Bank Mandiri to utilize available liquid assets," he said.