FINANCE AND DEG COOPERATION

President Director of PT Andalan Finance Indonesia (Youlan Finance) Frans F. Runwith (second left) witnessed President Commissioner Sebastianus H. Budi (left), Finance Director Lianawaty (second right), signed a letter of cooperation with credit facilities of 20 million US Dollar, along Director Representative Office Jakarta Deutsche Investitions and Entwicklungsgesellschaft mbH (DEG) Matthias Goulnik (right) and Investment Manager Representative Office Jakarta DEG Hanafiah Alam (right three), in Jakarta (11/12). Until November 2017, the Finance Fund has channeled automotive financing of Rp 4,16 trillion that has reached 94 percent of this year’s target, and 2018, the Finance Fund targets maximum financing of Rp 5 trillion. ANTARA PHOTO/Audy Alwi/pd/17

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