PT BANK OKE INDONESIA TBK 29 May 2024
OK Bank Indonesia Provides Credit Facilities to Group of Mitsui & Co Ltd of IDR 500 Billion
OK Bank Indonesia provide credit facilities to the Mitsui & Co Ltd business group, namely PT Bussan Auto Finance (BAF) amounting to IDR 500 billion. This credit facility is divided into two types, namely Installment Working Capital Loans (PMK Installment) 1 & 2 with each credit limit of IDR 250 billion.
The credit facility agreement was signed by Mrs. V.M Djuniwati Wijaya as Business Director of OK Bank Indonesia and Mr. Akira Sugai, as Vice President Director of BAF in 22 April 2024 at BAF Plaza, Jakarta. Apart from that, the credit signing was also attended by legal and business teams from both parties.
As is known, BAF is one of the top ten multi-finance companies in Indonesia in terms of total assets which focuses on financing new Yamaha brand motorbikes.
The credit facilities provided by OK Bank Indonesia will be used by BAF to support working capital in terms of financing motorbike loans and other financing products. This credit agreement also expands OK Bank Indonesia's finance exposure to the automotive financing business, in this case focusing on financing Yamaha brand motorbikes.
The needs for motorized vehicles, especially motorbikes is increasing along with people's purchasing power which is also increasing. By providing this credit facility, it is hoped that BAF can provide competitive interest to the public.
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PT Bank Oke Indonesia Tbk published this content on 29 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2024 06:39:01 UTC.
