JAKARTA (Yosefardi) – State-owned loan collateral provider Perum Jaminan Kredit Indonesia (Jamkrindo) expects to book profit before tax of Rp705.67 billion this year, a 18.3% rise compared to Rp596.1 billion estimated for 2013, Bisnis Indonesia reported.
The company targets its loan collateral to reach Rp60.9 trillion this year, compared to Rp45 trillion last year.
Jamkrindo also focuses to boost surety bonds this year. The Financial Services Authority (OJK) had issued list of loan collateral companies allowed to issue surety bonds.
The company allocates capital expenditure (capex) of Rp180 billion for this year, and plans to open 14 new office branches.