Deal on pensioner credits<\/p>\n
JAKARTA (JP): PT Taspen, the state-owned company responsible
\nfor insurance and pensions for civil servants, commissioned Bank
\nBumi Artha yesterday to manage its loans to pensioners.<\/p>\n
The loan management deal was signed by Taspen's president,
\nPurwanto Abdulcadir, and the bank's president, Rachmat M.S.<\/p>\n
Purwanto said that Taspen, which booked premium revenues of
\nabout Rp 796 billion (US$380 million) last year, has so far
\nprovided about Rp 26.11 billion ($12.4 million) in low interest
\nrate loans of around Rp 26.11 billion to its members.<\/p>\n
In addition, Taspen has extended loans totaling about Rp 16
\nbillion to small firms and cooperatives as part of its effort to
\nsupport the development of small and medium-sized businesses.<\/p>\n
Taspen's total investment reached about Rp 8.3 trillion
\n(US$3.86 billion) last year, about 50 percent of which was placed
\nin bank deposits.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/deal-on-pensioner-credits-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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