JAKARTA. PT Buana Finance Tbk (BBLD), a leasing and consumer financing company, has recently obtained a credit facility worth IDR 125 billion from PT Bank DKI.

Ahmad Khaetami, Corporate Secretary of BBLD, said that this facility was officially acquired last Wednesday (12/4). The tenor given by Bank DKI to the company is 36 months. Then, in compliance with the credit facility agreement, this facility will be granted with receivables of the company.

“Said credit facility will be allocated to the working capital needs of the company, which include consumer financing distribution,” Khaetami mentioned.

According to IDNFinancials data, BBLD had frequently acquired credit facilities from banking institutions to enhance its working capital. Last March, it successfully secured a credit facility from Bank Victoria International worth IDR 150 billion. Then, in January 2023, it secured a facility from Bank KEB Hana Indonesia worth IDR 150 billion, after securing another IDR 250 billion loan from Bank Jago in December 2022.

In 2022, BBLD recorded IDR 599.88 billion of revenue and IDR 87.46 billion of net profit. Its total assets clocked up to IDR 4.63 trillion at the end of December 2022, while its equity reached IDR 1.32 trillion in total. (KR/ZH)