PermataBank Gives Sharia Financing Rp1.5 Trillion For Link Net

Photo: Doc. Antara

JAKARTA - PermataBank provides sharia financing with a total facility of IDR 1.5 trillion to PT Link Net Tbk (LINK) in order to encourage digital transformation, as well as support national economic growth. Director of Wholesale Banking PermataBank Darwin Wibowo in a statement in Jakarta, Wednesday, October 5, said that this financing is a long-term strategic partnership for the telecommunications industry, especially high speed broadband internet services, which is an important infrastructure in Roadmap Digital Indonesia. He continued this financing using sharia financing products with the Musyarakah Mutanayaqisoh (MMQ) contract with a financing period of a maximum of five years. "This financing agreement is a manifestation of PermataBank's commitment as a universal bank to continue to innovate in offering simple banking products and services that are fast & reliable in meeting customers' growing needs and desires," said Darwin. The value of this financing is a bilateral sharia financing facility for the largest private company ever provided by the sharia business unit PermataBank in Indonesia. "We are grateful for the trust given by LINK as one of the largest fixed broadband companies in Indonesia. We hope that through the strategic partnership that is established, it can also contribute to the progress of the telecommunications industry in Indonesia," said Darwin. On the same occasion, LINK President Director Marlo Budiman hopes that the cooperation that has been established so far will continue to develop in the future with other PermataBank products and services. He expressed his gratitude for PermataBank's support through the loan facilities provided because this financing will be used to meet the general needs of LINK. The signing of the sharia financing agreement was carried out by the Wholesale Banking Director of PermataBank Darwin Wibowo and the Director of Sharia Business Unit PermataBank Herwin Bustaman, as well as LINK President Director Marlo Budiman.