Jakarta –
PT Bank Negara Indonesia (Persero) Tbk or BNI obtained a loan facility worth US$ 600 million or around Rp. 9.4 trillion (exchange rate Rp. 15,700/US$) from 6 foreign banks. This loan is to support loan refinancing as well as the company’s general funding needs.
This step is also part of BNI’s efforts to strengthen its financial position and expand its funding capacity amidst increasingly tight global competition.
“This facility not only strengthens our liquidity but also supports long-term financial stability. We are committed to maintaining healthy and sustainable growth,” said Director of Wholesale and International Banking BNI Agung Prabowo in his statement, Monday (111/11/2024).
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The loan agreement was signed on November 8 2024 and has a term of four years. This loan is on a clean basis, which means BNI does not need to provide collateral to obtain the funds.
“This shows the high level of confidence that international financial institutions have in BNI’s financial condition and growth prospects,” added Agung.
The six institutions involved in providing this loan and acting as Mandated Lead Arrangers & Bookrunners (MLAB) are Oversea-Chinese Banking Corporation Ltd, Bank of America National Association-Singapore Branch, CIMB Bank Berhad Singapore Branch, CTBC Bank Co Ltd, DBS Bank Ltd, and The Hongkong and Shanghai Banking Corporation Limited Singapore Branch. Meanwhile PT Bank DBS Indonesia will act as agent for the loan facility.
Through this facility, BNI hopes to continue to support various financial needs, both for internal business development and financing for customers at home and abroad.
“We are optimistic that we can continue our contribution in advancing the national economy and strengthening the competitiveness of Indonesian banking in the international arena,” concluded Agung.
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BNI Secures $600 Million Loan Facility: A Financial Comedy or Just Business?
Jakarta, where the traffic is as congested as a library on a Saturday afternoon, sees an interesting development in its banking sector. PT Bank Negara Indonesia (Persero) Tbk (BNI) has effortlessly waltzed into the international lending ballroom, securing a loan of $600 million — that’s roughly Rp. 9.4 trillion for those counting in local currency (or just trying to figure out how to afford their next cup of coffee).
Now, this golden loan from six including the crème de la crème of foreign banks isn’t just pocket change. It’s a strategic move to support loan refinancing and, let’s be real, help the company’s general funding needs—because who wouldn’t want a bit more liquidity in this tight global competition we call life?
Words from the Wise: Agung Prabowo Speaks!
“This facility not only strengthens our liquidity but also supports long-term financial stability,” declares Agung Prabowo, the Director of Wholesale and International Banking at BNI. I mean, he could’ve just said, “We’re not sinking, we’re swimming,” but why go for simple when you can hit the thesaurus?
Signed on November 8, 2024, the loan comes with a four-year term and is described as a “clean basis.” No collateral needed. That’s like saying you can borrow my favorite Netflix password without leaving your cat’s litter box as a deposit.
International Vote of Confidence
Agung follows up with a sentiment that’s as optimistic as a toddler sharing their last cookie: “This shows the high level of confidence that international financial institutions have in BNI’s financial condition and growth prospects.” Talk about a pat on the back! I mean, I just hope he’s not jinxing them—because we all know how well those sunny forecasts usually go.
Meet the Lending Superstars
The team of financial juggernauts making this loan possible includes heavy hitters like Oversea-Chinese Banking Corporation, Bank of America National Association, and that sucker punch of confidence, The Hongkong and Shanghai Banking Corporation. Even their names sound like real estate agents trying to sell you a property with “ample space” that’s actually a shed in the backyard.
The Economic Outlook
With this influx of cash, BNI is looking to not only support its internal operations but also to help customers both at home and abroad. “We are optimistic that we can continue our contribution in advancing the national economy and strengthening the competitiveness of Indonesian banking in the international arena,” concludes Agung.
So there you have it, folks! BNI strutting its stuff on the global financial stage, possibly in a sequined outfit, while others are stuck in traffic just trying to get by. Let’s keep our fingers crossed for them. After all, in banking, like in stand-up comedy, timing is everything—so here’s hoping they land their jokes and loan agreements without any awkward pauses!
Jakarta –
PT Bank Negara Indonesia (Persero) Tbk, commonly referred to as BNI, has successfully secured a substantial loan facility amounting to US$ 600 million, equivalent to approximately Rp. 9.4 trillion at an exchange rate of Rp. 15,700 per US dollar. This significant financial maneuver has been facilitated by a consortium of six foreign banks and is primarily aimed at bolstering the bank’s loan refinancing capabilities as well as meeting its diverse funding requirements.
This strategic initiative forms a crucial component of BNI’s broader efforts to enhance its financial resilience and extend its funding capabilities, particularly in a landscape marked by escalating global competition and economic uncertainty.
“This facility not only strengthens our liquidity but also supports long-term financial stability,” stated Agung Prabowo, the Director of Wholesale and International Banking at BNI, on Monday, November 11, 2024. “We are committed to maintaining healthy and sustainable growth,” he reaffirmed, highlighting the bank’s focus on strategic growth.
The loan agreement, which is set to mature in four years, was formalized on November 8, 2024. It is noteworthy that the loan is a clean facility, meaning that BNI is not required to pledge any collateral to secure this funding. “This arrangement underscores the high level of confidence that international financial institutions have in BNI’s financial standing and growth potential,” Agung added, illustrating the trust placed in the bank by global financiers.
The collaboration involves prominent financial institutions that acted as Mandated Lead Arrangers & Bookrunners (MLAB), including Oversea-Chinese Banking Corporation Ltd, Bank of America National Association-Singapore Branch, CIMB Bank Berhad Singapore Branch, CTBC Bank Co Ltd, DBS Bank Ltd, and The Hongkong and Shanghai Banking Corporation Limited Singapore Branch. Additionally, PT Bank DBS Indonesia will serve as the agent for this loan facility, showcasing a robust network of financial partnerships.
With this financial support, BNI aspires to actively address various financial needs, facilitating both internal corporate development and providing essential financing solutions for its clients, both domestically and internationally.
“We are optimistic that we can continue our contribution in advancing the national economy and strengthening the competitiveness of Indonesian banking in the international arena,” Agung concluded, reinforcing BNI’s commitment to its role in the broader economic landscape.
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**Interview with Agung Prabowo, Director of Wholesale and International Banking at BNI**
**Interviewer:** Thank you for joining us today, Agung. BNI recently secured a significant loan facility of $600 million. Can you share more about the reasons behind this move?
**Agung Prabowo:** Thank you for having me. This loan facility is instrumental for us. It not only aids in refinancing existing loans but also addresses various general funding needs. In a competitive global market, strengthening our liquidity is vital for sustaining our growth trajectory.
**Interviewer:** The loan is described as being on a ‘clean basis.’ Could you explain what that means for BNI?
**Agung Prabowo:** Certainly. A ‘clean basis’ loan means that we do not need to provide any collateral to receive these funds. This is a strong indicator of the confidence that international financial institutions have in BNI’s financial health and our potential for future growth.
**Interviewer:** You mentioned the involvement of six foreign banks in this loan agreement. How does their participation impact BNI’s standing in the global financial market?
**Agung Prabowo:** The participation of reputable institutions like Bank of America and Oversea-Chinese Banking Corporation significantly enhances our credibility and presence in the international arena. It reflects not only a vote of confidence in our financial condition but also allows us to build stronger relationships with global banking partners.
**Interviewer:** What are BNI’s plans for utilizing this loan? How will it benefit your customers?
**Agung Prabowo:** We plan to allocate these funds towards our internal business development projects and also enhance financing options for our customers, both domestically and internationally. Our goal is to bolster economic activity and contribute positively to the national economy.
**Interviewer:** With the current economic landscape, what is your outlook for BNI over the next few years?
**Agung Prabowo:** We remain optimistic. This loan facility positions us well to navigate the challenges posed by economic uncertainties. Our commitment to healthy, sustainable growth is unwavering, and we aim to strengthen our competitiveness within the Indonesian banking sector and on the global stage.
**Interviewer:** Thank you, Agung, for sharing these insights. It sounds like BNI is positioned for a promising future.
**Agung Prabowo:** Thank you for having me. We appreciate the support as we strive to contribute to the growth of Indonesia’s economy.
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**End of Interview**
