Thursday, June 17, 2010

Bank Mandiri raise US$100 million loan

PT Bank Mandiri Tbk raise US$100 million loan from Agence Francaise de Developpement (AFD). The loan with tenur 7 years-10 years include grace periode will use to support Bank Mandiri to finance green project.
This year Mandiri targets to have credit expansion rise by 20 percent as from the realization of IDR198.55 trillion credit in 2009. The company readies to have the second phase business transformation in 2010 up to 2014 to pose Bank Mandiri the top five largest banks in Asean and top three in 2010.
By 2014, the market capitalization will be increased into IDR225 trillion as from the current IDR110 trillion. All the targets will be achieved by focusing on three business strategies and two alliance strategies.
The three business strategies here include the wholesale banking transaction, retail payment banking, high yield income. Meanwhile, two alliance strategies are the internal and subsidiary cooperation improvement.

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