JAKARTA, KOMPAS.com - State-owned Bank Negara Indonesia (BNI) has secured US$50 million in loans from ING Bank to strengthen its foreign currency liquidity and improve its long- and short-term funding composition.
BNI Treasury and Financial Institution Director Adi Setianto and ING Bank Managing Director of FI Global Head/Emerging Market Bart Schmeetz signed a loan agreement in Amsterdam on Friday, BNI said in a press statement on Sunday. The loan with a tenure of three years signified BNI’s reputation and credibility and ING Bank’s confidence in the Indonesian economy, Setianto said. BNI is one of the biggest banks in Indonesia. It has 1,242 outlets across the country and 5 overseas branches in Singapore, Hong Kong, Tokyo, New York and London, not to mention several representative offices in the Middle East.
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