Tuesday, May 12, 2015

Mandiri Signs Credit Commitment IDR 3 Trillion for Pelindo IV

Infrastructure development is expected to be the driver of growth in corporate loans. PT Bank Mandiri Tbk signed a cooperation agreement investment financing Makassar New Port development and modernization of equipment loading and unloading of containers with PT Pelabuhan Indonesia IV worth IDR 3 trillion.

Director of Corporate Banking at Bank Mandiri, Royke Tumilaar said corporate action is intended to accelerate the procurement of national infrastructure and to support the Toll Sea program launched by President Joko Widodo, some time ago.

"Through the synergy among state-owned enterprises, the bank may once again prove its commitment to strengthening the capacity of national maritime infrastructure, including port sector," said Royke Tumilaar at Plaza Mandiri, Jakarta, Tuesday, May 12, 2015.

The financing term of 7.5 years. Until now, the bank has disbursed financing to the maritime sector of IDR 17,1 trillion, equivalent to 19.02% of the total financing of the national banking system.

As for the port of credit outstanding thought still in the range of IDR 1 to IDR 2 trillion. This second quarter according to the Company will extend credit to the infrastructure sector such as ports, airports, highways and power plants. "Going forward we see adjust to our needs," he added.

The first-quarter economic growth slowed recognition of corporate credit growth has slowed during the first quarter. Therefore, the Company will rely on the infrastructure credits to encourage credit growth.

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