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President appreciation to the regional Banking

the Bank of North Sulawesi get Achievement for distributes KUR,   Jakarta - President Susilo Bambang Yudhoyono gave high appreciation to the Bank of North Sulawesi with others 13 Regional Development Banks (BPD), including several national banks and State-Owned Enterprises (SOEs) for the birth of new small business. Even through funds business credit (KUR), which is distributed among the banks popping up a number of new entrepreneurs. The assertion from the Head of State expressed during the opening ceremony of the National Entrepreneurship Movement Launching on Wednesday (2 / 2) which carried out by the Coordinating Ministry for Economic Affairs and Minister of Cooperatives and Small and Medium Enterprises, the SME Convention Center, SMESCO, Jakarta. The President admitted happy that the banks, including Bank of North Sulawesi for being able to run the task assigned to regenerate and develop the national business effort through the KUR . "BPS data shows that there is significant poverty reduction, among others, of national economic growth and spread of development," said the Head of State who took part witnessed Taufik Kiemas Assembly Speaker, ministers and business communities and some governors. President Yudhoyono said that although only receive financial aid or business development that is not too large, but many Indonesian SMEs that have been growing and developing towards a larger scale. "Therefore, no exaggeration when I say the entrepreneurs of SMEs in Indonesia is Indonesia`s economic heroes," he said. The success of Bank of North Sulawesi itself capable of aligning itself with several national banks to support the lending program without collateral up to a maximum of Rp 20 million, not apart from the breakthrough President Jeffrey Wurangian initiated the launching of credit without collateral by simply attaching a religious recommendation. The program for the first time in Indonesia was immediately received a positive response of various circles of society, both in North Sulawesi and Gorontalo province.As of December 31, 2010, from the target of Rp 25 billion, realized as much as Rp 31.6 billion, which channeled to thousands of customers. Besides invited to the event which was attended by presidential proclamation, the appreciation of the Government of the Republic of Indonesia on the Bank of North Sulawesi in the form of charter award. (DG)