JAKARTA (Yosefardi) – State bank PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) plans to seek loan of US$550 million, bigger than initial plan of US$400 million.
Some 11 financial institutions will reportedly provide loans to BBRI. The loan, with tenor of 3.5 years, 4 year, and 5 years, will be used to improve the debt structure and debt maturity profile.
BBRI booked net profit of Rp6.1 trillion in the first quarter of 2015 on net interest income of Rp13.08 trillion. The bank’s assets reached Rp781.18 trillion of which loan accounted for Rp472.91 trillion.