BNI Pockets US$600 Million Loan Facility From 6 Foreign Banks

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk or BNI managed to obtain a loan facility worth US$600 million from six international financial institutions to support loan refinance and company general funding needs.

BNI Director of Wholesale and International Banking Agung Prabowo explained that this loan facility will have a positive impact on the company's financial condition.

"This facility not only strengthens our liquidity but also supports long-term financial stability. We are committed to maintaining healthy and sustainable growth," Agung said in a statement to the media quoted Tuesday, November 12.

Agung explained that the loan agreement was signed on November 8, 2024 and has a four-year tenor. This loan is a clean base, which means BNI does not need to provide guarantees to obtain the funds.

"This shows the high trust of international financial institutions in the financial condition and growth prospects of BNI," added Agung.

The six institutions involved in providing this loan and acting as Mandated Lead Arrangers & Bookrunners (MLAB) are Oversea-Chinese Banking Corporation Ltd., Bank of America National Association-Singapore Branch, CIMB Bank Berhad Singapore Branch, CTBC Bank Co Ltd., DBS Bank Ltd., and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch. Meanwhile, PT Bank DBS Indonesia will act as an Agent for the loan facility.

Through this facility, BNI hopes to continue to support various financial needs, both for the development of internal business and financing for customers at home and abroad.

"We are optimistic that we can continue our contribution in advancing the national economy and strengthening the competitiveness of Indonesian banking in the international arena," concluded Agung.