AUTOMOTIVE FINANCING COOPERATION

President Director of PT Andalan Finance Indonesia (AFI) Frans F. Runwith (second left) and President Commissioner Sebastianus H. Budi (left), combined with President Director of PT Bank Sumitomo Mitsui Indonesia (SMBCI) Kazuhisa Miyagawa (second right) and Vice President Director Adrianus Dani Prabawa, the signing of MoU cooperation of credit facility Rp 130 billion in Jakarta, Wednesday (17/5). AFI and SMBCI cooperation is the first cooperation and will strengthen the AFI funding structure for automotive financing that is currently still dominated by 80 percent and a new car of 20 percent, and until the I 2017 AFI quarter successfully recorded a financing growth of 71 percent compared to the same period last year. ANTARA PHOTO/Audy Alwi/ama/17

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