BCA launches farming credits

BCA launches farming credits

YOGYAKARTA (JP): PT Bank Central Asia (BCA) Tbk. launched here
on Thursday a Rp 100 billion (US$10.5 million) credit program for
the country's farmers and fishermen.

The bank's president, D.E. Setijoso, symbolically handed over
Rp 30 billion in credits to the farmers of Central Java and Rp 20
billion to the farmers of Yogyakarta in a ceremony on Thursday to
mark the start of the program.

Setijoso said the loans were part of the credit facilities
channeled by the government through private banks to help improve
the welfare of the country's farmers and fishermen.

He did not provide figures for the total credit facilities,
but said BCA was entrusted by the government to distribute a
total of Rp 100 billion of the loans.

Aside from Yogyakarta and Central Java, BCA will distribute
loans to five other provinces where the bank operates, including
South Sumatra and Bali, he said. (23)