PORTALJABAR, BANDUNG CITY - The West Java Provincial Government has established cooperation with PT Bank Mandiri (Persero) Tbk regarding the acceleration of economic development.

The collaboration is outlined in a memorandum of understanding signed by the Acting Governor of West Java, Bey Machmudin, and Senior Vice President of Bank Mandiri, Nila Mayta Dwi Rihandjani, at the Pakuan Building, Bandung, Thursday (11/28/2024).

Both parties agreed to improve coaching, training and mentoring of cooperatives and MSMEs. Then the development of public financial access, digitalization of banking services and public services, and synergy of social and environmental responsibility programs.

In addition, Bank Mandiri will also improve the development of the competency of West Java Provincial Government ASN in reading financial reports.

Bey hopes that the collaboration with Bank Mandiri will have a real impact on supporting MSME financing through easier access to capital.

"These MSMEs are the backbone of the regional economy, therefore they must be optimized by easier financing support," said Bey Machmudin.

According to Bey, programs such as microfinance and community empowerment programs will contribute to reducing poverty rates and improving people's standard of living.

Therefore, collaboration with Bank Mandiri in the digital transformation of the financial sector is also expected to make financial transactions in West Java more efficient, safe, and transparent.

"I hope this cooperation will accelerate economic development in West Java which is not only based on the growth of statistical figures but also on economic justice, so that the benefits of every program must be felt by the entire community," Bey hoped.

In the same place, Senior Vice President of Bank Mandiri Nila Mayta Dwi Rihandjani emphasized that cooperation must be beneficial for both parties, the main goal of which is for the welfare of the people of West Java.

Nila said that the cooperation with the West Java Provincial Government had been planned for a long time. Bank Mandiri wants MSMEs in West Java to be able to move up a class with easy access to finance and training.

"This cooperation plan has been around for a long time, especially for financing MSMEs so that they can move up a class, starting from us providing KUR, and training so that they can export," he explained.

Data from the West Java Economic Bureau states that the realization of the distribution of People's Business Credit (KUR) in West Java until October 13, 2024 reached IDR 23 trillion with a total of 409 thousand debtors. Of that number, 117 thousand of them are Bank Mandiri debtors.