Perum Pegadaian, state owned pawnshop, raise IDR1 trillion loan from PT Bank Mandiri Tbk.
The company has got funding from bank loan worth IDR5 trillion to boost up expansion.
The expansion budget this year is about IDR7 trillion of which the IDR5 trillion was attained from three state banks and IDR300 billion from PT Bank Permata Tbk.
The loans are provided by Bank Mandiri with IDR1 trillion, PT Bank Negara Indonesia Tbk (BNI) IDR3 trillion, and PT Bank Rakyat Indonesia Tbk (BRI) IDR1 trillion.
The company still considers to cover the need of IDR2 trillion as from the total of IDR7 trillion through bond issuance.
The expansion budget this year is about IDR7 trillion of which the IDR5 trillion was attained from three state banks and IDR300 billion from PT Bank Permata Tbk.
The loans are provided by Bank Mandiri with IDR1 trillion, PT Bank Negara Indonesia Tbk (BNI) IDR3 trillion, and PT Bank Rakyat Indonesia Tbk (BRI) IDR1 trillion.
The company still considers to cover the need of IDR2 trillion as from the total of IDR7 trillion through bond issuance.
Pegadaian, aims to get IDR1.1 trillion net profits through enhancement of product business this year. The net profit will be tapped from the targeted IDR75.85 trillion revenues in 2010.
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