Rp600 billion from BNI to Indonesian Army Force, Be Carefull Malaysia


Bank Negara Indonesia Tbk (BNI) to finance the procurement of major weapons systems (defense equipment), military and police worth Rp 600 billion. The loan was first made by the government, which the banks borrow in the country in addition to foreign financing as long as this.

The credit facility is provided in a Loan Agreement (PK) of Parent for a period of 8 years.

Granting credit facilities to finance the Interior Alutsista was signed by BNI President Director Gatot M. Suwondo with the Director General of Debt Management Waluyanto, and witnessed by the Minister of Finance Agustin Martowardojo and Defence Minister Purnomo Yusgiantoro and deputy chief Yusuf Manggabarani in Building Ministry of Finance.

According to Finance Minister Agustin Martowadojo, financing in this country to diversify financing. Total domestic borrowing this year to Rp 1 trillion and Rp 600 billion for defense equipment financing.

President Director Gatot Suwondo hope to support government programs in the development of defense systems through the provision of defense equipment military and police. So far, BNI has disbursed loans to SOEs Strategic Industries, among others, PT PAL, PT Pindad, PT Dahana, PT Austamindo and PT Persada Marketindo Bhineka.

Total loans extended to state-owned BNI Strategic Industries to August 2010 reached Rp 2.26 trillion. "Domestic Loan Disbursement is projected to begin Alutsista realized in the fourth quarter of 2010," said Billy.

Financing procurement Alutsista TNI & Police initially governed by the Foreign Loan scheme (PLN) which has been regulated in the PP. 2 year 2006. Financing it through a Foreign Financial Institution or a financial institution in the country through overseas branches.

Previous BNI Singapore has funded loan scheme for procurement of Foreign Affairs of Sukhoi fighter aircraft, the Syndicated Loan by Natixis, Credit Suisse and BRI in November 2009 (Total U.S. $. 284.75 million and the participation of BNI U.S. $ 68.5 million. In addition, BNI Hong Kong has also made financing to the Government of Indonesia to repair the aircraft B-737 AU with Airod Malaysia U.S. $. 3.5 million and the procurement of Helicopters Mi-2 AL USD. 9.5 million from Russia. Indonesia Today


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