BNI to extend more credits

BNI to extend more credits

JAKARTA (JP): Publicly listed Bank Negara Indonesia (BNI)
plans to extend Rp 6 trillion (about US$645 million) in new loans
next year, bank president Saifuddien Hasan said Monday.

Saifuddien said credit extended this year amounted to some Rp
4.5 trillion.

He said most of the credits would be given to small and medium
size enterprises.

The reduction of the bank's loan exposure to the corporate
sector is part of the business plan formulated before the
completion of the BNI recapitalization program in June. (hen)