ID :
17258
Thu, 08/28/2008 - 11:22
Auther :
Shortlink :
https://www.oananews.org//node/17258
The shortlink copeid
IFC'S INVESTMENT IN RI NOW EXCEEDS $700 M
Jakarta, Aug 27 (ANTARA) - International Finance Corporation (IFC), the World Bank's private investment arm, said its total investment in Indonesia now reaches more than US$700 million and expressed hope the figure will double in the next few years.
IFC Country Manager for Indonesia Adam Sack said on Wednesday the company had so far invested in a number of domestic banks such as Bank Danamon and Bank BII.
"We have provided long-term loans to Danamon to help it extend more loans to SMEs. The same is also true with Bank BII through its subsidiary, WOM," he said.
IFC's investment in the two banks currently reached more than US$300 million, he said.
"We are eying other banks in Indonesia but we have no urgent target for our financing," he said.
Asked about the possibility of IFC increasing its investment in the two banks, he said IFC considered the banks its working partners and would support them.
"But this does not mean that we will increase our loans there," he said.
IFC Country Manager for Indonesia Adam Sack said on Wednesday the company had so far invested in a number of domestic banks such as Bank Danamon and Bank BII.
"We have provided long-term loans to Danamon to help it extend more loans to SMEs. The same is also true with Bank BII through its subsidiary, WOM," he said.
IFC's investment in the two banks currently reached more than US$300 million, he said.
"We are eying other banks in Indonesia but we have no urgent target for our financing," he said.
Asked about the possibility of IFC increasing its investment in the two banks, he said IFC considered the banks its working partners and would support them.
"But this does not mean that we will increase our loans there," he said.
