Commonwealth Bank Provides Credit to Rp 100 Billion SMS Finance

Commonwealth Bank regularly provides credit facilities to Multifinance . Now, SMS Finance turn to  acquire a bribe . For what credit facilities ?

Commonwealth Bank Indonesia gave credit facility ( term loan facility) to PT . Matching Partners ray Finance ( SMS Finance ) for a period of three years worth Rp100 billion . Receipt of funds from the grant of credit facilities will be used SMS Finance to expand their efforts .

Credit agreement signing ceremony was conducted in Jakarta , Friday , 15 November 2013 and was attended by Widodo Suryadi , Executive Vice President, Head of Wholesale Banking Commonwealth Bank Indonesia , Silvy Prihadi , Senior Vice President, Head of Financial Institution Commonwealth Bank Indonesia , Rudyanto Somawihardjo , President Director SMS Finance , and Sugianto Redjeki as Vice President of SMS Finance .

" Commonwealth Bank Indonesia delighted to be able to work with one of Multifinance enterprises with good performance in Indonesia . Of credit reflects our commitment to supporting the expansion of SMS Finance and focus efforts Commonwealth Bank Indonesia for Wholesale Banking continued to grow our business , "said President Director of Commonwealth Bank Indonesia , Tony Costa .

SMS Finance which is a subsidiary of PT Artha Ventura Celebes has a network covering all regions of Indonesia, and is one of the leading finance company that focuses on the particular consumer financing new and used car financing .

Beraset enterprises more than Rp1 trillion this new funding target size Rp3.35 trillion in 2013 and awarded the predicate " Very Good " for the category of total assets in the Rp1 trillion, according to the August edition of the magazine Infobank 2013.