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NEWS UPDATES Asean Affairs     April 7, 2017  

MNC Bank to disburse loans of Rp9t in 2017

Private lender MNC Bank targets plans to disburse Rp 9 trillion (US$675.32 million) of loans by the end of this year, 55 percent of which will be for the consumer sector.

"We are focusing on the consumer sector in the credit disbursement because its yields are high and it has lower risks," MNC Bank president director Benny Purnomo said.

Benny said his bank would increase the number of its credit card holders by 100 percent in 2017 from its existing 100,000 holders.

In 2015, the company only had 3,000 credit card customers.

Meanwhile, another 45 percent of the loans would be distributed to the commercial and corporate sectors, Benny said.

In the commercial sector, the bank signed an agreement for a loan worth Rp 150 billion to property developer PT Prioritas Land Indonesia on Thursday.

Prioritas Land Indonesia president director Marcellus Chandra said the funds would be used to finance its Majestic Point Serpong Apartment project in South Tangerang, Banten.

"We expect the project will be completed this year and the handover [of the apartments] can be conducted in July or August," he said.

Benny said his company would eye five more property developers for the credit disbursement this year. The lender has 20 corporate clients including Pollux Group, Malioboro City, Ciputra Holding 2 and Premiere Indonesia.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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