Surabaya, 24 November 2022 – Highlighting commitment in empowering women in business, Bank OCBC NISP and UPRINTIS Indonesia signed a partnership agreement that supports women MSME to be able to expand and run their business sustainably. The partnership program will be a form of acceleration classes that will empower women to scale up their business knowledge and opportunity to have more financial access.
According to the Ministry of Cooperatives and Small and Medium Enterprises data, the contribution of MSMEs to the State's National Income reached 61.1% in 2021. Moreover, most MSMEs (64.5% or 37 million) in Indonesia are managed by women, so the role of women's MSMEs in supporting Indonesia's economy is very significant.
Jenny Hartanto, National Network Head B Bank OCBC NISP stated that to support women to become the center stage of the economy, the Bank owned #TAYTB Women Warriors program, which is not only help them to manage & develop their business, but also provides support in the form of educational and community activities to share knowledge and experience. Apart from that, we are also actively collaborating with various parties, including UPRINTIS Indonesia as a facilitator for women's economic development in the ‘Kelas Akselerasi Perempuan Desa Berdaya’ program to increase regional Communal Branding potential."
By participating the class, Women MSMEs in East Java will gain additional knowledge and skills, as well as business capital through the #TAYTB Women Warriors program; a financial solution for women entrepreneurs that combines individual and business needs that is supported by beyond banking services. Through this program, the bank continues disbursing loans amounting to IDR3.0 trillion or has increased by 38.2% YoY as of 30 September 2022.
Dr. Andromeda Qomariah, M.M., as the East Java Province Head of Cooperatives and Small and Medium Enterprises as a speaker at the talk show entitled 'The Role of Women's MSMEs to Become Economic Heroes for the Family and the Country' appreciated the collaboration between Bank OCBC NISP and UPRINTIS Indonesia and said "In 2021, economy contribution of cooperatives and MSMEs in East Java is 57.81%. Moreover, 9.78 million of them are MSMEs, including womenpreneurs in the agricultural and non-agricultural sectors. Based on the 2016 economic census, 45.85% of MSMEs in the non-agricultural sector were driven by women. In addition, based on employment data released by BPS, the female Labor Force Participation Rate continues to show an increase with 57.28% per August. Hence, women have an important role in economic development, especially in East Java.”
“Amid the pandemic, more women MSMEs emerged and continued to innovate in order to survive. Thus, their presence is beneficial for economic recovery in East Java. Through UPRINTIS Indonesia and Bank OCBC NISP’s program, I hope they can continue to innovate in improving the quality of their products so that they are more creative, and as the impact, their business selling power is higher," added Dr. Andromeda Qomariah, M.M.
"As a women empowerment institution that encourages the acceleration of Indonesia's economic growth, Uprintis Indonesia always brings knowledge to exist in every village. We encourage every woman to have equal rights in receiving equal access to education and health, including access to economic development. We are honor to have the same vision with Bank OCBC NISP. This collaboration is expected to be a bridge for Indonesian women MSMEs to obtain assistance, access to markets and training that is able to develop potential income and prosperity for Indonesian women MSMEs," said Novita Hardini Mochamad, SE, MM, Chairwoman of TP PKK Trenggalek Regency, and Founder & President Commissioner of UPRINTIS Indonesia.
Bank OCBC NISP's commitment to women's empowerment is also reflected in CurrenShe, the bank’s latest initiative. CurrenShe is a campaign movement that encourages women to take more prominent role in contributing to the nation’s economy. This movement is part of the Bank’s commitment in empowering women. As part of #TAYTB Women Warriors, encourages the importance of women's representation in the business and the economy sectors by using banknote an economic symbol as the medium to utilize Augmented Reality (AR) technology. Public can get to know Indonesian women heroes who have played a major role in the struggle for independence and equality since colonial times. For more information about this campaign, visit https://currenshe.com.
Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. As of September 30th, 2022, Bank OCBC NISP serves customers through 197 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 490 ATM, more than 98,000 ATM networks in Indonesia, and connected to more than 600 OCBC Group ATM networks in Singapore and Malaysia. Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. Bank OCBC NISP is one of the banks with the highest credit ratings in Indonesia, namely idAAA (stable) from PEFINDO and AAA(idn)/stable from PT Fitch Ratings Indonesia. Bank OCBC NISP also received Bank of The Year award from The Banker, London for 4 consecutive years, The Best Bank for SMEs In Indonesia award from Asian Banking & Finance for 9 consecutive years, from Alpha Southeast Asia for 5 consecutive years, from GBAF Publication in Global Banking and Finance for 3 consecutive years and Asiamoney for 3 consecutive years.