Trihamas Finance gets Rp 100b loan

Trihamas Finance gets Rp 100b loan

JAKARTA (JP): Multifinance company PT Trihamas Finance secured
a Rp 100 billion (US$41.66 million) syndicated loan from eight
banks yesterday.

Trihamas Finance's president Hendri Sudiyarto said the four
year loan would carry an annual interest of about 19 percent and
would finance the company's expansion program.

He said the loan was arranged by Bank Ficorinvest.

Other members of the syndicate are Bank Dagang Indonesia, Bank
Solida, Bank Ratu, Bank Nusa Internasional, Indovest, Bank Prima
Express and Bank Baja.

"This is our first syndicated loan," he said at the signing
ceremony yesterday.

He said Trihamas, established in 1994, dealt in consumer
finance and factoring.

"Consumer finance accounts for 70 percent of our business," he
said.

He said consumer finance was available for buying cars,
houses, medical equipment and machinery for small businesses.

He said the company had lent a total of Rp 110 billion as of
May.

He said Trihamas, which had total assets of Rp 77.88 billion
as of December 1996, booked a net profit of Rp 1.1 billion last
year.

"The company expects to book a net profit of Rp 2.7 billion
this year," Hendri said.

Trihamas Finance is 60 percent owned by Harry Harmain Diah and
40 percent by Hendri Sudiyarto. (09)