PT Adira Dinamika Multifinance Tbk (Adira Finance), owned by PT Bank Danamon Tbk (BDMN), has secured Rp1 trillion loan facility from PT Bank Pan Indonesia Tbk (Bank Panin) at end of last year. The loan facility will be used by Adira to support financing expansion targeted to reach Rp28.75 trillion throughout 2011.
Adira has obtained the facility at the same time when PT Bank Jabar Banten Tbk also sealed loan facility of Rp250 billion.
"We are underway to seal another loan facility of Rp500 billion from a local bank," said Adira Finance Director I Dewa Made Susila as reported by Bisnis Indonesia today. Adira is also underway to extend loan facility period of Rp75 billion from Bank Central Asia
Disclosure: No position at the stock mentioned above.
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