Tamara Bank gets loan

Tamara Bank gets loan

JAKARTA (JP): A syndicate of overseas banks committed itself
yesterday to providing a loan of US$50 million to the Tamara
Bank, a commercial bank listed on the Jakarta Stock Exchange.

The Tamara Bank announced that the syndicated loan was
arranged by the Indover Bank, the ING Bank and the Asia Finance
Corporation Bank, with the Asian Banking Corporation, the First
Commercial Bank, the Chinatrust Commercial Bank and CNB Leasing
of Hong Kong acting as managers.

The participants in the syndicate include the state-owned Bank
Negara Indonesia, the Chang Hwa Commercial Bank, the Chinatrust
Commercial Bank, CNB Leasing and the Korea Industrial Leasing
Company.

The loan carries an interest rate which is 1.55 points above
the London Inter Bank Offered Rate per annum. It is for a term of
two years.(hen)