Finance News. JAKARTA,?Indonesia Today?- PT Commonwealth?Bank Indonesia, subsidiary of Commonwealth Bank of Australia, provides Rp100 billion term loan facility to financing company PT BFI Finance Indonesia Tbk (BFIN).
The loan with tenor of three years was signed on Monday (March 26) by Tony Costa, president director of Commonwealth Bank Indonesia, and Francis Lay, BFIN?s president director.
BFI Finance?booked net profit?of Rp425.38 billion in 2011, grew 17.5% from Rp362.08 billion in 2010.
Revenue increased 35.5% to Rp1.25 trillion last year, from Rp921.93 billion in 2010, of which consumer financing amounted Rp849.51 billion, higher than Rp660.78 billion a year earlier.
As of December 2011, its assets totaled Rp5.3 trillion while liability amounted Rp2.94 trillion. (hans@theindonesiatoday.com)
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