Overview

Bank of China provides Rp 90 billion loan to PT BFI Finance Indonesia TBK

Commitments (Constant USD, 2023)$10,390,928

Commitment Year•2012Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 5, 2012

Last repayment (originally scheduled): Jul 5, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

PT BFI Finance Indonesia TBK

Loan description

Bank of China provides Rp 90 billion loan to PT BFI Finance Indonesia TBK

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

On July 5, 2012, the Bank of China Jakarta Branch signed a term loan facility agreement with PT BFI Finance Indonesia TBK - a multi-finance company in Indonesia - with a maximum credit limit of Rp 90 billion. The term of the loan is 36 months from the loan drawdown date. The loan is secured by net investments in finance lease and consumer financing receivables. As of June 30, 2015, and December 31, 2014, the outstanding loan amounted to Rp 7,500 and Rp 22,500, respectively. The company has drawdown the entire loan.