BNI lends 122% more for infrastructure as of March

Bank BNI disbursed US$1.16 billion or Rp 10 trillion in infrastructure loans as of March. This is an increase of 122 per cent from Rp 4.5 trillion at the end of 2010.

According to BNI director for business banking Khrisna R. Suparto, the bank is targetting Rp 30 trillion in infrastructure loans at the end of 2011.

He said the loans had gone to electricity, toll roads and telecommunications projects, among others.

BNI president director Gatot M. Suwondo said the bank was very supportive of infrastructure projects, but issues such as land

acquisition had often hampered its loan disbursements.