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TIFA obtains a credit facility of Rp 100 billion from Bank Mayora

23 January 2020 05:47

JAKARTA - PT Tifa Finance Tbk (TIFA) obtained a credit facility worth Rp 100 billion from PT Bank Mayora, which will be used for lending. 

As quoted from the company's disclosure, Dwi Indriyanie, Corporate Secretary of PT Tifa Finance Tbk (TIFA) said that the agreement for the credit facility was signed 20 January 2020. In addition, the two parties also signed a fiduciary deed (receivable).

According to its financial statements, as of Q3 2019, TIFA's finance lease receivables was recorded at Rp 957.72 billion, while its consumer financing receivables was recorded at Rp 12.78 billion. (LK/AR)

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