Financing Firms Get Rp 355b in Loans From Commonwealth
Bareksa • 26 Jun 2014
Most Indonesian car and motorcycle purchases are funded through financing companies. (ANTARA FOTO/Feny Selly)
Bank Commonwealth Indonesia did not disclose the terms of the loans.
Bareksa.com - The Jakarta Globe reported Commonwealth Bank Indonesia, the local unit of the Australian lender, says it has approved combined loans of Rp 355 billion ($29.8 million) to three Indonesian finance companies.
The borrowers are Finansia Multi Finance, Mandala Multi Finance and Adira Dinamika Multi Finance. Finansia will get Rp 80 billion, Mandala Rp 75 billion and Adira Rp 200 billion.