JAKARTA: PT Bank Negara Indonesia Tbk provides credit loan facility of U.S. $ 150 million to PT Medco Energi Internasional Tbk.
BNI Corporate Secretary Putu B. Krishna said the lending to Medco is not the first loan granted BNI. According to him, the energy sector remains an important industry and has good prospect in the future.
"The energy sector today is still an important and needed. Prospects would be good too. Medco is also the company that has a good track record so it is worth financed," he said when contacted by Business, yesterday.
Munaf Syamsurizal Medco Finance Director explained this loan facility will not be entirely withdrawn Medco right now, but will be available for use for 2 years after the signing of credit agreement lasts.
Through receipt of the loan, further Rizal, it plans to use funds to meet the needs of refinancing (refinancing) loans that the company will and has matured.
In addition, continued Rizal, the company will also use loans to operational needs, working capital, and other usage related business activities.
"In the meantime, the allocation prepared for working capital should also be maintained for the survival of the company," Rizal said in a press release.
As is known, BNI corporate lending grew by 25% to Rp56, 84 trillion in the first half of 2011. While overall, BNI's total loans increased by 21% to the size of Rp152, 9 trillion in the first half of this year. While in the same period last year, BNI is only disbursing credit of Rp126, 2 trillion.(*)
BNI Corporate Secretary Putu B. Krishna said the lending to Medco is not the first loan granted BNI. According to him, the energy sector remains an important industry and has good prospect in the future.
"The energy sector today is still an important and needed. Prospects would be good too. Medco is also the company that has a good track record so it is worth financed," he said when contacted by Business, yesterday.
Munaf Syamsurizal Medco Finance Director explained this loan facility will not be entirely withdrawn Medco right now, but will be available for use for 2 years after the signing of credit agreement lasts.
Through receipt of the loan, further Rizal, it plans to use funds to meet the needs of refinancing (refinancing) loans that the company will and has matured.
In addition, continued Rizal, the company will also use loans to operational needs, working capital, and other usage related business activities.
"In the meantime, the allocation prepared for working capital should also be maintained for the survival of the company," Rizal said in a press release.
As is known, BNI corporate lending grew by 25% to Rp56, 84 trillion in the first half of 2011. While overall, BNI's total loans increased by 21% to the size of Rp152, 9 trillion in the first half of this year. While in the same period last year, BNI is only disbursing credit of Rp126, 2 trillion.(*)
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