Theindonesiatoday.com – PT Intraco Penta Tbk (INTA)’s subsidiary, PT Intan Baruprana Finance (IBF), has secured Rp75 billion facility from Bank BNI Syariah, part of PT Bank Negara Indonesia Tbk (BBNI), to fund expansion of heavy machine financing.
IBF’s President Director Fred L Manibog stated the facility can be
used to fund mining supporting machines such as electricity generators,
trucks, tug boats, and barges, as well as transportation and other
equipments. (source)
Up until August 2011, IBF has disbursed heavy machine financing of up
to Rp630 billion, representing 63% of its 2011 target of Rp1 trillion.
“We are optimistic that we could reach a more optimal performance in
the future. On-hand prospect until to end of this year is around Rp400
billion,” the CEO added.
Intraco shares closed lower by 1.41% to Rp700 Friday (Sept 23). (
bintang@theindonesiatoday.com)
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