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Thu, 10/04/2018

MNC LEASING Receives Additional Working Capital Loans from BJB Bank, Jakarta

PT MNC Guna Usaha Indonesia ("MNC Leasing"), a subsidiary of PT MNC Kapital Indonesia Tbk. (BCAP) obtained additional credit facilities from PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk. (BJB Bank). MNC Leasing Finance Director, Ms. Meita Liliasari, said that the new credit facility would be used for the company's business expansion, particularly in the area of financing. Since 2016, BJB Bank has been giving continuous support to the company. This proves that the company has shown healthy condition in the multi-finance industry and still consistently maintain good performance in achieving the 2018 target," she said on Thursday (04/10/2018).

The company’s President Director, Mr. Paulus Cholot Janala, added that the company performance was improved, and this was evidenced by the award received by the company, with a very good predicate in the category of finance companies with total assets of Rp. 500 billion up to Rp. 1 trillion, held by Infobank recently in September 2018. This is the second time that the company received the award from Infobank, after the first one in previous year (September 2017).

He also said that in providing financing, prudent credit risk is always applied by the company, including regular business monitoring and updating. Also maintaining the quality of assets managed, so that the company business will continue to grow in the right track. Last week, the company, which is under the MNC Group, has just issued MTN worth Rp. 15 billion, with a coupon of 11% per year and will mature in 2020. With this issuance, the total MTN issued by the company is Rp. 106 billion.

The head of BJB Bank's Corporate and Commercial Division, Dicky Syahbandinata, said that the signing was a continuation of the ongoing cooperation through the general working capital credit scheme in finance companies. "To increase business expansion, MNC Leasing definitely requires banking cooperation, and BJB Bank is one of them," he said.

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