InfoSAWIT, JAKARTA – Holding Perkebunan Nusantara, one company cultivating palm oil, rubber, cocoa, tea, coffee, and others, signed Memorandum of Understanding (MoU) about Credit Agreement with PT Bank Rakyat Indonesia Agroniaga, Tbk (BRI Agro) to distribute Modal Credit about Rp 500 billion.
Vice Director of Holding Perkebunan Nusantara PT Perkebunan Nusantara III (Persero) Dolly P. Pulungan, said, the fund would be distributetd to the companies namely, PTPN VII, PTPN X, and PTPN XIII which have liability issues and still in recovery.
“Namely for PTPN VII and PTPN XIII that need cash flow so as holding, we can fund them through BRI Agro," he said in the official statement to InfoSAWIT, Wednesday (28/3/2018) in Jakarta.
Within the asset reaching Rp119 triliun, the equity reaching Rp 62 billion, and total bank loan reaching Rp 31 billion, PTPN III is optimist to re-pay just on time. “In the future, we do hope, the cooperation could be better, not only in distributing the finance, but also the financial management, namely the fund to our partners, PTPN Group," he said.(T2)