Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)

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Credit Rescue: Ensuring Business Continuity and Financial Stability Amidst a Pandemic

Authors
Sri Budi Purwaningsih1, *, Misti Hariasih1, Indri Fogar Susilowati1, Akhmadjon Taniyev2
1Faculty of Business, Law and Social Sciences, Universitas Muhammadiya Sidoarjo, Sidoarjo, Indonesia
2Faculty of Economics, Samarkand Branch of Tashkent State University of Economics, Samarkand, Uzbekistan
*Corresponding author. Email: sribudi@umsida.ac.id
Corresponding Author
Sri Budi Purwaningsih
Available Online 22 May 2023.
DOI
10.2991/978-2-38476-052-7_68How to use a DOI?
Keywords
Credit; COVID-19; Rural Banks; Agreements; Legal Protection
Abstract

This study investigates how Rural Credit Banks changed credit agreements to save credit during the COVID-19 pandemic and the legal protection for debtors and creditors in credit rescue. Using a legislation (statute approach), the study finds that Rural Banks used novation, subrogation, cessie, and other addendum agreements to change credit agreements and save credit. Legal protection for debtors allows them to rearrange their cash flow to repay loans and maintain their businesses. Meanwhile, Rural Banks receive interest income and improve credit collectibility, ensuring the bank's health. The study concludes that written agreements provide legal certainty and protection for both parties during credit rescue.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 May 2023
ISBN
978-2-38476-052-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-052-7_68How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Budi Purwaningsih
AU  - Misti Hariasih
AU  - Indri Fogar Susilowati
AU  - Akhmadjon Taniyev
PY  - 2023
DA  - 2023/05/22
TI  - Credit Rescue: Ensuring Business Continuity and Financial Stability Amidst a Pandemic
BT  - Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
PB  - Atlantis Press
SP  - 619
EP  - 628
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-052-7_68
DO  - 10.2991/978-2-38476-052-7_68
ID  - Purwaningsih2023
ER  -