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January 10, 2008 |
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BANK CENTRAL ASIA: Aims to Disburse IDR5-Tril. Loans in 2008 PT Bank Central Asia aims to disburse IDR5 trillion in new corporate credits this year, Asia Pulse reports. Bank Central Corporate Director Dhalia Ariotedjo told the news agency that the oil and gas and telecommunication sectors would be the main targets of credit expansion. Ms. Ariotedjo is optimistic that the target would be reached with improvement in economic conditions, the report notes. According to the report, Bank Central Asia had IDR85 trillion in outstanding credit by the end of 2007, up from the IDR61.59 trillion a year before. Asia Pulse further cites Ms. Ariotedjo as saying that the bank is negotiating with PT Aneka Tambang on large credits needed by the state mining company. The bank has also agreed to finance construction of toll road projects and power generating projects worth trillions of rupiahs, Asia Pulse adds. About Bank Central Headquartered in Jakarta, Indonesia, PT Bank Central Asia Tbk -- http://www.klikbca.com/ -- offers individual and business products and services. The bank's individual services consist of savings accounts, home loans and car loans, remittance, collection and safe deposit facilities. The bank's business services consist of working capital loans, investment loans and bank guarantee for small and medium-sized enterprises. In addition, it provides export import facilities such as letters of credit, negotiation and discounting. The bank's subsidiaries include PT BCA Finance, BCA Finance Limited and BCA Remittance Limited. It has 772 branches in Indonesia, Singapore and New York, 42,958 EDCs and operates 4,425 ATMs. The bank serves 6.6 million accounts throughout Indonesia. * * * The Troubled Company Reporter-Asia Pacific reported on Nov. 2, 2006, that Fitch Ratings affirmed all the ratings of Bank Central Asia as follows: * Long-term foreign currency Issuer Default rating: BB- * Short-term foreign currency rating: B * Individual: C/D and * Support: 4. |
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