NISP gets $19 million loan<\/p>\n
JAKARTA (JP): Bank NISP, a foreign exchange bank listed on the
\nJakarta Stock Exchange since last October, reported yesterday
\nthat it had generated a loan of US$19 million (Rp 42.3 billion),
\nthrough the issuance of medium term notes.<\/p>\n
The bank's managing director, Pramukti Surjaudaja, said that
\nthe issuance of the notes on March 29 was arranged by Citimas
\nCapital Indonesia, ING Bank of the Netherlands and Indover Bank,
\nwith American Express Bank participating as coarranger.<\/p>\n
Surjaudaja said that the bank will use the loan, with a
\nmaturity of three years, to strengthen its working capital.<\/p>\n
He said that the bank's after-tax profit surged from Rp 4.53
\nbillion in 1993 to Rp 13.52 billion in 1994.<\/p>\n
The bank's total assets increased to Rp 655.34 billion as of
\nthe end of 1994, from Rp 463.21 billion in 1993, while credits
\nextended by the bank rose 42.9 percent to Rp 553.9 billion, from
\nRp 387.6 billion.<\/p>\n
The bank is 39.96 percent owned by PT Suryasono Sentosa, 39.96
\npercent by PT Udayawira Utama, 0.08 percent by businessman
\nKarmaka Surjaudaja and 20 percent by the investing public. (32)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/nisp-gets-19-million-loan-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}