Jakarta (ANTARA News) - Financing company PT Buana Finance Tbk (BBLD) said on Tuesday it has secured US$30 million in loans from Standard Chartered Bank`s branch in Jakarta.

Both sides signed a loan agreement on April 15, PT Buana Finance Tbk President Director Soetadi Limin said in public exposure.

He said Buana Finance used receivables as collateral for the loans payable in 36 months.

Buana Finance would use the loans to strengthen its working capital, hoping it would have a positive impact on the company`s operations, he said.

(T. B008/S012/HAJM/O001)

Editor: Priyambodo RH
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