Jun 6, 2011

BNI gets US$50 mio from Wells Fargo

One of the state-controlled lender PT Bank Negara Indonesia Tbk (BNI) has secured 2 year US$50 million of bilateral loan facility from Wells Fargo Bank N.A.
The facility is intended to strengthen liquidity of BNI's foreign exchange and balance short term and long term financing. BNI will also use the facility to support trade financing and fulfill the requirements of Financial Service Authority in London. Wells Fargo Bank is one of the four largest banks by assets and the two biggest bank by market capitalization in US.

Disclosure: No position at the stock mentioned above.

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