OCBC NISP disburses Rp 100 billion loan to KPBN

The signing was done by OCBC NISP Trade Finance Division Head Gianto Kusno with KPBN Commercial Director Iman Bimantara. "As a bank that has the most complete Trade Finance facilities including export, import, guarantee, and supply chain, Bank OCBC NISP proves its commitment to always providing trade solutions for customers in developing their businesses," said OCBC NISP Bank Director Martin Widjaja in a release received by Kontan.co.id, Wednesday (6/20).

Furthermore, the company said that in encouraging the business development of KPBN, the company provides a direct loan with a buyer financing limit of IDR 100 billion. The funds will be used to help tea buyers get financing facilities with a longer period so that in the end it can increase the sales volume of tea products.

This cooperation is expected to be the initial step of the business relations between the two companies. In the future, the cooperation is hoped to be not only limited to the buyer financing scheme for tea products, but also for other export-oriented products such as Crude Palm Oil (CPO), rubber, and coffee.

source: keuangan.kontan.co.id