JAKARTA: A financing company PT Buana Finance Tbk obtains a loan that will mature in 12 months worth IDR30 billion from PT Bank SBI Indonesia. Buana also pocketed IDR100 billion loan facility from PT Bank Central Asia Tbk.Buana Finance President Soetadi Limin in its official statement, yesterday, stated the loan was secured by company receivables by 110% from the total outstanding. This assurance was also given to BCA.In details, loans from BCA are a 36-month loan in the amount of IDR75 billion and 12-month loan in the amount of IDR25 billion.Per 30 September, 2010, Buana Finance recorded net profit of IDR39.6 billion and IDR189.9 billion revenues. (T05/NOM)
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