Jakarta, Indonesia, April 7, 2023 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk. BBRI has partnered with MIND ID, a state-owned mining industry holding company, to provide notional pooling and short-term working capital loans. The partnership became official with a signed cooperation agreement March 16, 2023 In Jakarta, Indonesia.

The cooperation agreement was signed by Agus NoorsantoDirector of Institutional and Wholesale Business of BRI, represented by the MIND ID Group Devi Pradnya ParamitaFinance Director of MIND ID; Farida Tamrinrisk management of PT Bukit Asam Tbk.; Elizabeth RT SiahaanDirector of Finance and Risk Management of PT ANTAM Tbk; Fina Eliani, Director of Finance and Risk Management of PT Timah Tbk; And SyafrisalDirector of PT Indonesia Papua Metal and Mineral.

Accessible through the BRI cash management platform, the service provides daily monitoring of consolidated balances in Indonesian rupiah and other foreign currencies. It is designed to help businesses manage their finances and allows easy money transfers between group companies.

“This cooperation optimizes and ensures more efficient cash management. It can also increase synergies not only between companies within the MIND ID Group but also between state-owned companies, in this case with BRI,” explained Devi.

Notional pooling also allows companies to easily manage their corporate liquidity, thereby improving their financial structure. For example, a subsidiary of a company, such as MIND ID Group, can obtain this liquidity in times of need from the excess liquidity of its consolidated balance. These features greatly benefit clients by allowing them to use excess funds as additional investment options.

In addition to notional pooling, BRI offers end-to-end financial transaction management solutions through Qlola. Qlola was developed for leasing companies and other companies and integrates functions…