Danamon signs deal with UT

JAKARTA: Bank Danamon signed on Thursday an agreement with heavy equipment firm PT United Tractors to allow consumers to benefit from investment loans from the bank for the purchase of the latter's products.

A statement from both firms said the agreement was signed by Danamon's president Francis A Rozario and United Tractors' president Hagianto Kumala.

Consumers who are qualified to obtain credit facilities from the bank will have formed a relationship or made transactions with United Tractors; they must also have a good track record in terms of payment and be committed to their business. -- JP