JAKARTA - PT Buana Finance Tbk (BBLD) obtained a IDR 150 billion loan facility from PT Bank Jtrust Indonesia Tbk (BCIC) with a 48-month tenor last week (4/5). This issuer has also received loans from banks since April 2023.

Ahmad Khaetami, Corporate Secretary of PT Buana Finance Tbk (BBDL) conveyed a loan facility for providing consumer finance. "The term loan facility is guaranteed by the company's receivables," he said in an information disclosure quoted on Monday (8/5).

On April 12, 2023, this issuer received a credit facility from PT Bank DKI worth IDR 125 billion with a 36-month tenor. Collateral for the company, namely, the company's receivables.

As of the first quarter of 2023, Buana Finance recorded IDR 3.16 trillion in consumer financing receivables and IDR 993.51 billion in finance lease receivables. In a similar period in 2022, consumer financing receivables were IDR 2.96 trillion and finance lease receivables were IDR 986.22 billion. (LK/LM)