Buana Finance Panin Bank Credit to Rp100 M

JAKARTA - PT Buana Finance Tbk (BBLD) has signed a credit agreement with PT Bank Panin Tbk (PNBN) Rp100 billion on October 13, 2009 yesterday.

This is as stated Director RC Eko S Budianto, in his report on information disclosure Indonesia Stock Exchange (IDX), Jakarta, Thursday (15/10/2009).

The loan is secured by accounts receivable of the company's 110 percent of the amount payable for the period of the loan facility is 24 months.