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Buana Finance obtains a credit facility of IDR 100 billion from OCBC NISP

12 January 2022 12:15

JAKARTA. PT Buana Finance Tbk (BBLD) once again secures a term loan facility from PT Bank OCBC NISP Tbk (NISP) with a total amount of IDR 100 billion. It will be used to support its financing business.

Ahmad Khaetami, Corporate Secretary of BBLD, explained that the said credit facility was received on Monday (10/1). The tenor given by NISP to the company spans until the next 36 months.

“The said credit facility will be used to fund the company’s working capital, which includes consumer finance credit distribution and finance lease, and will be guaranteed with the company’s accounts receivables,” Khaetami further mentioned in the information disclosure in Indonesia Stock Exchange (IDX).

According to idnfinancials.com data, BBLD collected finance lease receivables of IDR 882.48 billion by the end of September 2021. Meanwhile, its consumer financing receivables amounted to IDR 2.3 trillion.

For the record, 67.60% of BBLD’s shares were still under the control of PT Sari Dasa Karsa until last September 2021. Union Bancaire Privee claimed another 5.54%, Bank of Singapore 5.42%, and public investors 21.44%. (KR/ZH)

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