Bakrie Finance gets loan

JAKARTA (JP): PT Bakrie Finance Corporation, a publicly-listed multi-finance firm affiliated to the Bakrie Group, has secured a US$20 million loan from the London-based Commonwealth Development Corporation.

The company said in a statement here yesterday that the loan, agreed in London late last month, was designated for leases to small and medium-scale firms, mostly in East Java and eastern Indonesia.

Bakrie Finance Corporation recorded pre-tax profit of Rp 7.9 billion ($3.38 million) in the first semester of this year, representing a 154 percent increase over the same period last year. It recorded total assets of Rp 805 billion as of June 30. (rid)