JAKARTA (Yosefardi) – PT Andalan Finance Indonesia has on Friday last week (September 12) signed syndicated loan facility agreement of Rp650 billion with PT Bank Permata Tbk (BNLI).

Other banks also providing syndicaed loan to Andalan Finance are Bank Danamon, Bank BII, Bank Panin, and Bank Pembangunan Daerah Jawa Tengah (Bank Jateng).

Andalan Finance had previously bagged Rp650 billion loan from Bank Permata. Andalan Finance is member of Nasmoco Group.

Andalan Finance has booked new financing of Rp1.7 trillion this year. Its assets reached more than Rp4 trillion as at August this year.