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Bank QNB to channel USD 350.01 billion to IIF

26 August 2022 06:40

JAKARTA – PT Indonesia Infrastructure Finance (IIF) managed to obtain a credit facility worth USD 350.01 billion in total from PT Bank QNB Indonesia Tbk (BKSW).

According to Reynaldi Hermansjah, Director of IIF, said credit facility consists of a revolving credit of USD 350 billion and an FX line facility of USD 10 million.

“It is for business expansion, especially for financing purposes in rupiah and foreign currency (US dollar) for several company-funded projects,” Hermansjah added.

Said facility has been available since two weeks ago (11/8). However, as of present, the company has yet to make a cash withdrawal.

By the first half of 2022, IIF recorded total assets of IDR 15.53 trillion and total liabilities of IDR 13.27 trillion. Furthermore, its total obtained loans clocked up to IDR 4.60 trillion. (LK/ZH)

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