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Monday, September 19, 2011

Buana secure IDR100 bio loan from Panin

BI/market
16/9/2011
Irvin Avriano A.


Buana secure IDR100 bio loan from Panin

JAKARTA: PT Buana Finance Tbk, multifinance listed company which owned by PT Sari Dasa Karsa (SDK), secure IDR100 bio credit facility from PT Bank Pan Indonesia Tbk (Bank Panin).

"It have 36 month tenure and guaranteed by the company's receivables worth 110% from the credit principal," said Buana Finance President Director Soetadi Limin in his company's information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia).

Hence, the BBLD coded shares company didn't explain the interest cost from the already obtained credit facility.

SDK, used to be PT Bank UOB Buana Indonesia ultimate shareholder, control 67.6% Buana Finance's shares. The other shareholders are PT Asuransi Bina Dana Artha Tbk with 8.05% voting power and public 24.35%.

In the mid year, the listed company booked IDR45.06 bio net profit, rose 108.45% from IDR21.61 bio in the same periode on 2010.

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