JAKARTA - PT BFI Finance Indonesia Tbk (BFIN) has acquired a term loan worth USD 150 million from banking syndicate to reinforce its consumer financing segment. Until Q1 2023, this issuer recorded financing receivables of IDR 21.34 trillion, soaring from IDR 19.54 trillion in December 2022.

Sudjono, Corporate Secretary of BFI Finance, said that this term loan will be available for three years starting from the initial withdrawal date. “Said facility was signed yesterday (2/5), in which Standard Chartered Bank and United Overseas Bank Limited acted as the mandated lead arrangers and bookrunners,” he said in the information disclosure quoted Wednesday (3/5).

Standard Chartered Bank (Hong Kong) Limited was reportedly assigned as a facility agent, while PT Bank Central Asia Tbk (BBCA) stepped in as guarantee agent.

The revenue clocked up to IDR 1.64 trillion in Q1 2023, shifting from IDR 1.18 trillion in the first quarter in 2022. The financing receivables dominated with IDR 1.55 trillion, followed by finance segment of IDR 12.56 billion, sharia segment of IDR 24.25 billion, and others of IDR 51.21 billion. For comparison, in Q1 2022, the financing receivables amounted to IDR 1.10 trillion, while finance segment generated IDR 5.03 billion, sharia IDR 12.02 billion, and others of IDR 59.37 billion. (LK/ZH)