Lessors get new chief

Lessors get new chief

JAKARTA (JP): Members of the Indonesian Leasing Association have elected Albert Banunaek, of Ometraco Corporation, as the organization's president for the 1995-97 term.

Albert, who replaces Mustafa I. Jatim, was elected during the association's recent congress, which groups 103 multi-finance and leasing companies in Indonesia.

The association members also elected Theresia Adiwijaya of Bumiraya Multifinance as secretary general.

The association members control about 96 percent of the domestic leasing market, about 76 percent of the factoring portfolios and 62.2 percent of consumer financing. (hen)