BCA Disburses Rp7.1 Trillion Loans to Grup Pupuk Indonesia

Jakarta, 28 November 2018 – As a bank that serves as an important pillar of Indonesia’s economy, PT Bank Central Asia Tbk (BCA) continues its supports for the Government to achieve food security for the welfare of the people as well as to contribute to advancing the national food sector. BCA implemented its commitment by disbursing a loan facility of Rp7.1 trillion to Grup Pupuk Indonesia.

Attending at the signing ceremony was Director of BCA Rudy Susanto, accompanied by Senior Executive Vice President of Corporate Banking & Finance Wira Chandra and Executive Vice President Corporate Banking Group Yuli Melati Suryaningrum, Director of Finance of PT Pupuk Indonesia Indarto Pamoengkas and the management of Grup Pupuk Indonesia in Jakarta (28/11)

Rudy said that “BCA not only focuses on financing the manufacturing and infrastructure sector, but we also always support the development of other strategic sectors, especially those that are directly related to community development, which, in this case is the fertilizer industry in hope of supporting the Food Security Program. This also reflects BCA’s active participation in the Sustainable Development Goals,”

"In addition to prime seedlings and high-tech agricultural machinery, quality fertilizer supplies must also be guaranteed to allow farmers to increase yields. Therefore, on this occasion, we are supporting Grup Pupuk Indonesia (the Indonesian Fertilizer Group) through a loan disbursement so as to achieve self-sufficiency in meeting the needs of staples goods such as rice, maize, etc, at an affordable price," explained Rudy.

The provision of the loan facility to Grup Pupuk Indonesia is a continuation of the collaboration that has been carried out by BCA since a few years ago, as well as an increase in the amount and numbers of the Grup Pupuk Indonesia’s subsidiaries that can use the facility. Here, BCA provides loans to PT Pupuk Indonesia and its 10 subsidiaries.

As of the end of September 2018, corporate loans grew by 23.3% YoY to Rp199.2 trilion, mainly comes from select sectors, namely the financial servies, telecommunincations, and vegetable and animal oil.

"Through this financing, we wish to provide a direct multiplier effect to the community as well as a significant impact on the Food Security Program initiated by the Government. Furthermore, BCA will continue to support various Government programs aimed at improving the quality of life and welfare of the people, and accelerate national economic development,” Rudy concluded.

BCA Disburses Rp7.1 Trillion Loans to Grup Pupuk Indonesia – Director of BCA Rudy Susanto (second left) together with Director of Finance of PT Pupuk Indonesia Indarto Pamoengkas (third left) and rthe management of other Fertilizer Groups after the signing ceremony of Working Capital Facility Agreement in Jakarta, Wednesday (28/11). Through the cooperation, BCA disburses a syndicated loan totaling Rp7.1 trillion to Grup Pupuk Indonesia in order to advance the national food sector. Here, BCA disburses loans to PT Pupuk Indonesia and its 10 subsidiaries in hope of providing a direct multiplier effect to the community as well as a significant impact on the Food Security Program initiated by the Government.