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WN.com - Business News
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BRI's loans to palm oil firms near double in H1
Aug 18th 2012, 03:04

Paper Edition | Page: 14 State-owned PT Bank Rakyat Indonesia (BRI) disbursed Rp 4.99 trillion (US$525.37 million) in corporate loans to palm oil companies in the first half of the year, almost double the same figure last year. "The number is still very small compared to other corporate loans disbursed by the bank. However, BRI believes the palm oil sector is very promising and that's the reason it increased the loans," BRI corporate secretary Muhamad Ali said. Indonesia's status as the world's biggest palm oil producer also...

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