JAKARTA. PT Bank Oke Indonesia Tbk (DNAR), a private bank under the control of APRO Financial Co Ltd, has reportedly signed a credit agreement with PT Bank Permata Tbk (BNLI).

Efdinal Alamsyah, Director of DNAR, mentioned that through this agreement, his company manages to secure interbank financing facility worth IDR 300 billion with a two-year tenor. “Said credit facility will be used to expand the company’s business,” he added in the information disclosure in Indonesia Stock Exchange (IDX).

Alamsyah then said that this credit facility will promote business improvement of the company. “Aside from that, there has no material impact on operational, legal, financial, and sustainability of the business,” he mentioned.

According to IDNFinancials data, DNAR had extended and raised the credit limit secured from PT Bank Central Asia Tbk (BBCA) on November 29, 2023. In the amendment of this credit facility agreement, DNAR is said to obtain extra revolving time loan worth IDR 400 billion and a tenor of 2 years.

Based on the financial report, DNAR reportedly scored IDR 20.66 billion of net profit in September 2023. It proliferated 101% year-on-year (yoy). Its total equity was also recorded at IDR 3.57 trillion. (KR/ZH)