Bank Dharmala gets loan

Sat, 19 Apr 1997, 00:00 WIB | Source: JP

JAKARTA (JP): Bank Dharmala has signed a US$20 million term
loan consisting of a series of offshore bilateral.

A statement Thursday said the facility was arranged by
Deutsche Morgan Grenfell Ltd., of Singapore, with other lenders
including bank Dagang Negara of Cayman branch, Deutsche Morgan
Grenfell of Singapore, Indover Bank, Malayan Bank Berhad of
Singapore, the Arab Banking Corporation of Singapore, and Bank
Negara Indonesia (BNI) of Singapore.

According to the statement, Bank Dharmala would use the loans
to finance its working capital in anticipation of lending
activities growth in the Indonesian economy. (09)

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