JAKARTA. PT Buana Finance Tbk (BBLD), a consumer financing company, has obtained a loan facility of IDR 100 billion.

Ahmad Khaetami, Corporate Secretary of BBLD, confirmed that this loan facility is granted by PT Bank Index Selindo. It has a tenor of 48 months.

“This loan facility will be used for the company’s working capital, including the distribution of consumer financing and financial leasing,” revealed Khaetami in the information disclosure in Indonesia Stock Exchange (IDX) today (10/10).

As of June 30, 2023, BBLD recorded cash and cash equivalent of IDR 486.03 billion. Its total assets were recorded at IDR 5.08 trillion, while its total equity clocked up to IDR 1.34 trillion.

Throughout the first half of 2023, BBLD managed to collect revenue of IDR 338.52 billion, resulting in net profit of IDR 48.21 billion. (KR/ZH)