Trihamas Finance gets Rp 100b loan<\/p>\n
JAKARTA (JP): Multifinance company PT Trihamas Finance secured
\na Rp 100 billion (US$41.66 million) syndicated loan from eight
\nbanks yesterday.<\/p>\n
Trihamas Finance's president Hendri Sudiyarto said the four
\nyear loan would carry an annual interest of about 19 percent and
\nwould finance the company's expansion program.<\/p>\n
He said the loan was arranged by Bank Ficorinvest.<\/p>\n
Other members of the syndicate are Bank Dagang Indonesia, Bank
\nSolida, Bank Ratu, Bank Nusa Internasional, Indovest, Bank Prima
\nExpress and Bank Baja.<\/p>\n
\"This is our first syndicated loan,\" he said at the signing
\nceremony yesterday.<\/p>\n
He said Trihamas, established in 1994, dealt in consumer
\nfinance and factoring.<\/p>\n
\"Consumer finance accounts for 70 percent of our business,\" he
\nsaid.<\/p>\n
He said consumer finance was available for buying cars,
\nhouses, medical equipment and machinery for small businesses.<\/p>\n
He said the company had lent a total of Rp 110 billion as of
\nMay.<\/p>\n
He said Trihamas, which had total assets of Rp 77.88 billion
\nas of December 1996, booked a net profit of Rp 1.1 billion last
\nyear.<\/p>\n
\"The company expects to book a net profit of Rp 2.7 billion
\nthis year,\" Hendri said.<\/p>\n
Trihamas Finance is 60 percent owned by Harry Harmain Diah and
\n40 percent by Hendri Sudiyarto. (09)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/trihamas-finance-gets-rp-100b-loan-1447893297",
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