PPT Perusahaan Pengelola Aset (Persero) (PT PPA) is committed to strengthening investment and increasing the management of banking Non Performing Loans (NPLs), especially the state-owned banks that are members of the State-Owned Bank Association (Himbara), in 2020. PT PPA has established cooperation with 4 Himbara member banks namely PT Bank Mandiri Tbk, PT Bank Rakyat Indonesia Tbk, PT Bank Tabungan Negara, dan PT Bank Negara Indonesia Tbk.
"Our goals in managing NPLs are assisting the government in preventing systemic bank, and manifesting the SOE synergy. Many companies take part in banking NPL but the industry still has good prospects, " Edi Winanto, PT PPA Corporate Secretary, explained on Monday, February 10, 2020.
PT PPA has managed banking NPLs since 2018. PPA implements a selection process for prospective partners through comprehensive due diligence. PPA also establishes several criteria before taking over an NPL. The main criteria are free and clear, or not related to legal cases, business feasibility, and business prospects.
"We look at all aspects first. We conduct due diligence of marketing, production, operations, assets, legality, availability of guarantees, independent appraisal results and cash flow. We ensure that the entire process complies with proper regulations, "said Edi Winanto.
The NPL management service is supported by external funding from banks and the issuance of debt securities. PPA has a variety of tips on how to manage banking NPLs including, among others, strategic investor search, market expansion, financial control, placement of representatives, organizational improvement, working capital injection, and equity investment.
NPL management is not something new for PT PPA. PPA's experience in handling banking assets of the former Indonesian Bank Restructuring Agency (IBRA) has been held for more than 16 years. Managing banking assets is one of the PPA's competence specializations, along with investment, financing, restructuring/revitalization of SOEs and advisory. PPA can provide these services to SOEs, ROEs, and the private sector. All of these competencies are built towards PT PPA's vision of becoming a National Asset Management Company.
About PT Perusahaan Pengelola Aset (Persero): PT Perusahaan Pengelola Aset ("PT PPA") is a State-Owned Enterprise (SOE) with the main task of providing sustainable growth for all stakeholders through investment, SOE/ROE restructuring and revitalizatio, asset management (State, Local Governments, SOEs, ROEs and Private) and advisory. PT PPA has several subsidiaries namely PT PPA Finance, PT PPA Kapital and PT Nindya Karya. Company.
PT Perusahaan Pengelola Aset (Persero)