Supporting National Food Security, Bank DKI Distributes IDR 1.1 Trillion Credit For RNI

JAKARTA - To support national food security, Bank DKI has disbursed a working capital loan of IDR 1.1 trillion to PT Rajawali Nusantara Indonesia or RNI, which consists of a Revolving Working Capital Credit facility of IDR 700 billion and an additional credit facility of IDR 400 billion.

The signing of the credit agreement was carried out by the Director of Finance of Bank DKI, Romy Wijayanto and Director of Finance of RNI, Thomas Hadinata in Jakarta, Wednesday, December 22.

"This credit distribution is intended as additional working capital for the food commodity trading business and also includes agro-industry, and can be used for working capital for RNI's subsidiaries," said Bank DKI Finance Director Romy Wijayanto in a written statement.

Furthermore, Romy explained, in the food industry, RNI will be the holding of Food SOEs. So that with the support of working capital, it is hoped that RNI will become one of the SOEs that is relied upon in improving national food security and maintaining price stability for food commodity products produced or traded by RNI.

Previously, Bank DKI had also disbursed loans to RNI and its subsidiaries, which included cooperation in the use of banking products and services through payroll and Multi-Use Loans with the Rajawali I Sugar Factory (PG) in 2021, distribution of Working Capital Loans to Sugar Mills. (PG) Rajawali 1 of IDR 300 billion in 2021, as well as the distribution of Working Capital Loans of IDR 150 billion to PT Rajawali Nusindo in 2019 and is still ongoing.

"The distribution of Bank DKI credit to Rajawali Nusantara Indonesia is a collaborative effort between State-owned Enterprises (BUMN) and Regional-owned Enterprises (BUMD) in supporting national food security, as well as in supporting the preparation of RNI as the holding company for Food BUMN," concluded Romy.