Expanding Market Reach, Bank Jatim Facilitates Its Assisted MSMEs in Trade Mission to Bali

Date: 25 june 2024

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DENPASAR, June 25, 2024 – The growth of Micro, Small, and Medium Enterprises (MSMEs) in East Java has been accelerating rapidly and holds tremendous potential. Currently, there are over 9 million MSMEs in the province, significantly contributing to the region’s Gross Regional Domestic Product (GRDP). Seeing this, PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) has taken proactive steps to ensure that MSME development continues and does not stagnate. The bank continues to collaborate with various parties to support MSMEs in growing and thriving amidst increasingly tight competition — including a strategic partnership with the East Java Provincial Government.

This collaboration was reflected in the participation of bankjatim-assisted MSMEs in the Trade and Investment Mission initiated by the East Java Provincial Government. Held under the theme “Strengthening Connectivity Between East Java and Bali Provincial Governments”, the event was attended by East Java Acting Governor Adhy Karyono and Bali Governor Wayan Koster at Aston Denpasar Hotel on Tuesday (June 25).

bankjatim President Director Busrul Iman explained that the bank is actively working to address common challenges faced by MSMEs, such as access to markets, financing, and mentorship.
“We fully support MSMEs in developing their businesses. One of our goals in this event is to help our assisted MSMEs expand their market networks and to support the government’s efforts to strengthen trade relations between East Java and Bali,” Busrul said.

Five bankjatim-assisted MSMEs were featured in the event:

  • Ina Chips (vegetable chips),

  • Raci Craft (crocheted bags),

  • Kopi Luwak Dampit (civet coffee),

  • Silhouette Crochet (handicrafts), and

  • Shailza Collection (leather bags).

These top MSME products are expected to meet the needs of the Bali market.
“As a regionally-owned bank, we will continue to support MSMEs so they can grow rapidly, improve in quality, and compete both nationally and internationally,” Busrul added.

Adhy Karyono shared during the event that the collaboration between East Java and Bali marked a new milestone in trade missions. This gathering of business players from both provinces resulted in transactions exceeding IDR 425 billion.
“Bali is the first trade mission destination in 2024. We are thrilled by the high enthusiasm from business players — this is the highest recorded transaction volume to date,” he emphasized.

In this trade mission, East Java successfully sold commodities worth IDR 301.19 billion, including fish and shrimp feed, plant seeds, cigarettes, and appropriate technology machinery (TTG). Other commodities included frozen meat, rice, duck meat, fashion products, beef, dory fillet, octopus, snacks, fruits, sewing machines, shallots, fertilizers, soybeans, and green cardamom.

Meanwhile, East Java purchased commodities from Bali worth IDR 123.8 billion, including dried turmeric, coffee beans, fishery products, and coconuts.
“The value of East Java’s exports was very high, with most being food-related products. This trade mission serves as a platform for businesses from both regions to meet and form mutually beneficial collaborations. It’s a promising economic opportunity for entrepreneurs from both East Java and Bali,” Adhy concluded.

PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
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