Need Funds For Expansion, BSDE Milik Konglomerat Eka Tjipta Widjaja Dapat Kredit Rp1 Triliun Dari BNI

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Negara Indonesia Tbk. (BNI) is said to have distributed credit facilities to PT Bumi Serpong Damai Tbk (BSDE) worth IDR 1 trillion and a treasury line facility of 2 million US dollars.

BNI Director of Consumer Banking Corina Leyla Karnalies said this facility can be used for business expansion or other corporate action as well as instrumental hedging which can protect against the risk of exchange rate fluctuations amid the uncertainty of current global conditions.

"Synergy between BNI and BSDE is the right moment to encourage business growth, increased performance, and also sales of BSDE, which is the largest player in the property industry in Indonesia," he said in a written statement on Friday, December 16.

According to Corina, the provision of this credit facility is a form of the company's commitment as a national bank to support the development of the property sector business in Indonesia.

"We welcome this opportunity for cooperation. We as banking industry players continue to look for opportunities to accelerate performance growth so that we can continue to encourage economic recovery," he said.

On the same occasion, Director of Corporate and International Banking BNI Silvano

Rumantir revealed that the company is actively transforming and focusing on distributing credit to top tiers in Indonesia.

"BNI will continue to improve collaboration with BSDE through providing digital-based comprehensive financial solutions that are able to provide added value for BSDE," he said.

Meanwhile, Bumi Serpong Damai Director Lie Jani Harjanto expressed his gratitude for the provision of this credit facility which we plan to use for business expansion or other corporate action.

"The acquisition of these credit facilities will directly support the company's business development in line with the recovery of the economic sector and normal community activities that will have a positive impact on the growth of the property sector," he said.

For information, PT Bumi Serpong Damai Tbk. until the third quarter of 2022 was able to carve out pre-sales of IDR 6.7 trillion.

The acquisition figure is equivalent to 87 percent of the annual target set at IDR 7.7 trillion by a member of the property developer owned by the late conglomerate Eka Tjipta Widjaja.