JAKARTA – PT Inti Firm Arebama Tbk (KOIN) received an additional increase of local credit facilities from PT Bank Central Asia Tbk (BBCA) Rp 200 million.
This was revealed by Director KOIN Dharmawandi Sutanto in his report on information disclosure Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (17/3/2010).
Previously, the company has reached a loan from the credit facility in December 2009 BBCA ago. Loan facility was divided into four categories.
Facility that is for bank guarantees to the ceiling of Rp1, 5 billion which mature or timed to 1 September 2010. Then standby letters of credit $ 100 thousand (equivalent to Rp948, 2 million, USD1 = Rp9.482) to 1 September 2010.
Furthermore, the time the loan facility revolving loan Rp3 billion coming due or timed to 1 September 2010. While installment loan facility Rp4 billion coming due or for a term of three years.
However, no detail to explain what the loan facility being poured. For your information, the company is a company specialized in distribution of building materials, such as ceramic, tile and paint.
First Media signed $ 32 Million Credit Facility
Credit & Loan May 30th, 2010
JAKARTA – PT First Media Tbk (KBLV) signed a credit facility agreement with Falcon Private Bank Ltd Singapore branch of the maximum worth of $ 32 million on January 22 yesterday.
Corporate Secretary expressed KBLV Harianda Noerlan in his report on information disclosure Indonesia Stock Exchange (BEI) in Jakarta, Tuesday (26/1/2010), from these figures, some $ 27 million is a roll-over from the previous facility.
As information, the company formerly known as PT Broadband Multimedia Tbk is a public company listed on the Indonesia Stock Exchange. First Media provide broadband Internet services, cable television, and data communications, which as a whole was introduced as “Triple Play”. Network covering Greater Jakarta, Surabaya and Bali.
The Company is a subsidiary of Lippo Group. First Media also holds full ownership of the shares of PT Prima Mitra Ayunda which controls 80 percent stake in PT Direct Vision, a company that operates the satellite TV service Astro Nusantara. Astro Nusantara himself no longer in operation since October 20, 2008.
First Media currently has approximately 180 thousand Internet subscribers and approximately 130 thousand subscribers television. Fiber-optic network First Media has 2597 kilometers long, which spread in Greater Jakarta, Surabaya and Bali. Company targeting one million home networks will reach them before the beginning of 2009
Banking Lower Interest Credit
Credit & Loan May 17th, 2010
Jakarta- Our Bank Indonesia (BI) to the national banks to continue lowering interest positive response. This year bank loan interest rate is estimated to be down two per cent.
Corporate Credit Director of PT Bank Central Asia Tbk (BCA) Dhalia Ariotedjo explained, it will consider the reduction of credit interest. The reason is, the bankers are not just competing with other private banks, but also must compete with government banks and foreign banks.
“The condition of the corporation, especially the credit market is very competitive now. Competition for loans from commercial banks but also from foreign banks. We will consider the decline in credit interest, “said Dhalia in Jakarta, recently. Current corporate interest in the level of BCA was 10.5 percent.
Although mortgage interest is low enough, go Dhalia, it would consider interest rate reduction credit. Contacted separately, Corporate Secretary PT Bank Mandiri Tbk Sukoriyanto Saputro admitted his side will examine the possibility of the company to lower credit rates.
It will be adjusted to conditions in the economy this year. “During the year 2009, we’ve lowered the mortgage interest as much as 5 times for 225 bps.Tapi we will consider another reduction in interest rate credit this year,” he said. Current loan interest average ranges from Bank Mandiri, 12-14 percent.
Previously, mortgage interest, ranging Mandiri 14-16,25 percent. Finance Director of PT Bank Rakyat Indonesia Tbk (BRI) Sudaryanto Sudargo said BRI mortgage interest rates have fallen since June 2009 of 200 bps.Pihaknya promised to gradually lower the loan interest rate by 50 bps this year. “Our credit interest rates have fallen 3 times since June 2009. The range of our interest at 12 percent, “he added.
He admitted, space for BRI to cut interest rates when their credit is still given credit lebar.Untuk segment, it can gradually keep reducing from 25 bps to 50 bps. The other segments can be lowered to 50 bps. “Because, mortgage interest rates vary. Corporations only credit interest rate of 12 percent but there is also a 9.75 per cent in other segments.
Depending on each segment, “he explained. While analysts argue Aviliani banking, bank loan interest rate this year has the potential to fall to 2 percent. This was to encourage credit growth of 17-20 percent industry ditahunini. “Now that liquidity big enough, it can be seen from the large flow of foreign funds,” explained Aviliani. With the entry of foreign funds are channeled primarily into the real sector, the fund could be competition for funds of the banking industry.
Automatically to perform the function of intermediation, banks must lower the cost of funds (cost of funds) to the mortgage interest can be competitive with foreign funds. “If banks want to efficiently manage the cost of funds, the interest rate is potentially down to 200 bps,” added the Independent Commissioner BRI.
Based on the Indonesian Banking Statistics released by Bank Indonesia as of December 2009, interest rates on average loans of commercial banks based on the type of usage is rising and there is a fall. Credit for working capital (dollars) fell from 13.54 percent to 13.27 persen.Kredit working capital (foreign exchange) down from 5.11 percent to 5.02 percent. For investment credit (dollars) fell from 12.66 percent to 12.55 percent.
Credit investment (foreign exchange) down from 5.93 percent to 5.88 percent. Whereas for consumption credit (dollars) fell from 15.92 percent to 15.81 percent. However, credit for consumption (forex) actually rose from 0.62 percent to 0.67 persen.Menurut Money Market Information Center (PIPU) BI, the average base rate loans as of February 24, 2010 for 12.6 persen.Artinya if down 2 percent, the average base rate loans could reach 10.6 percent.
