Jakarta. State-owned bank BNI announced Monday that they had rolled out debt relief for borrowers in the disaster-hit areas in Sumatra.

The relief will apply to borrowers in both business and consumer segments in the flood-struck Aceh, North Sumatra, and West Sumatra. 

"We hope this will allow borrowers to recover their financial condition and resume business activities after the disaster," BNI Corporate Secretary Okki Rushartomo was quoted as saying in a press statement.

The Financial Services Authority (OJK) had announced a three-year special treatment period that would last from Dec. 10, 2025 to Dec. 9, 2028. Credit quality assessments will go back to POJK No. 40/POJK.03/2019 or applicable regulations once this period ends.

BNI will provide several restructuring schemes that can be tailored to the debtor's circumstances. This includes deferral of principal and/or interest payments, grace periods, loan term extensions, interest and/or provision relief. BNI may also roll out additional funds.

Okki said BNI would continue to carefully assess the debtor's profile, capacity, and business capabilities to make sure that these restructuring facilities will go to those who are affected by the disaster.

"Through this policy, we hope to ease the burden on communities and businesses in affected areas, allowing for a more rapid and sustainable economic recovery," Okki said.

BNI has implemented this special treatment policy since Dec. 17. The regional and branch offices will continue to promote this program so the debtors that are in need can use these facilities.

BNI aims to help the people of Sumatra in the disaster recovery, while simultaneously maintaining business continuity and regional economic stability.

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