Jakarta (ANTARA News) - State-owned Bank Mandiri in the nine months through September channeled Rp36.16 trillion in loans to the palm oil sector, up 20 percent from Rp30.16 trillion in the same period last year.

"Bank Mandiri is looking forward to giving positive contributions to the development of the plantation sector, particularly the palm oil industry including derivative products," the bank`s executive vice president for corporate banking Rafjon Yahya said here on Sunday.

He said the well-planned and efficient development of the national palm oil industry would make it strong and sound.

Bank Mandiri had long history in financing the oil palm plantation. It started from four legacy banks which eventually merged into Bank Mandiri, he said.

With the long experience, coupled with a good knowledge of the palm oil industry`s characteristics, Bank Mandiri had played a great role in encouraging the development of the palm oil sector, he said. (*)

Editor: Kunto Wibisono
Copyright © ANTARA 2011