Wachovia Bank BNI Give Loans BNI USD100 Million
Bank May 30th, 2010
JAKARTA – PT Bank Negara Indonesia Tbk (BBNI) had received bilateral loan worth USD 100 million from Wachovia Bank in the United States (U.S.).
President Director Gatot M Suwondo, the signing of bilateral loan agreement in Jakarta on Wednesday (10/12/2008) says, a loan with a tenor of one year will be used to strengthen the liquidity of foreign exchange (forex) companies.
According to Billy, in addition to getting funds to support the liquidity of foreign exchange, loans from international banks also showed BNI reputation and credibility, and trust of the international banks to the Indonesian economy.
In addition, he revealed that the company and Wachovia Bank has a long relationship and mutual benefit. “Cooperation with Wachovia Bank to strengthen both institutions, especially in international business transactions,” he said.
Wachovia Bank is the fourth bank in the U.S. and has a network in various countries, including Germany, Hong Kong, Japan, Taiwan, Korea, United Kingdom, and Vietnam.
Agreement was also conducted by the Director of Treasury and the International BNI Bien Subiantoro and Wachovia Bank’s Managing Director for Southeast Asia and India Charles H Silverman
