Jan 28, 2011

BNI secures US$150 million loan

The state lender PT Bank Negara Indonesia Tbk (BNI) has secured US$150 million loan facility from United States bank of Export and Import aiming to underpin trading financing of both Indonesia and United States.
Such loan agreement happens to be the follow up of the previous commitment as it will be signed by the directors of BNI and US’s Export bank in US’s embassy today.
BNI Corporate Director Krishna Suprapto confirmed the loan facility granted by the US-based financial institution as it was the part of US’s supports for the local entrepreneurs particularly in terms of working capital.
“Yes, we are going to sign the agreement today, valuing US$150 million,” he said after a working meeting with the House’s Commission VI on the problematic debtors in the disastrous area yesterday.
 
Disclosure: No position at the stock mentioned above.

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