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Jamkrindo Guarantees CSUL Finance Heavy Equipment Financing

Jamkrindo Guarantees CSUL Finance Heavy Equipment Financing

Jamkrindo Guarantees CSUL Finance Heavy Equipment Financing

Jakarta | Perusahaan Umum Jaminan Kredit Indonesia (Perum Jamkrindo) and PT. Chandra Sakti Utama Leasing (CSUL Finance) signed a Cooperation Agreement (PKS) on the Guarantee of Working Capital Financing for the Purchase of Spare Parts and Heavy Equipment Services as well as Receivables Financing Guarantee.

The signing of the PKS was held on the 1st floor of the Perum Jamkrindo building in Kemayoran, Jakarta, on Wednesday (17/02/2016) afternoon. It was stated that this strategic partnership was carried out to expand access and financial services in the leasing credit sector for the public.

"This partnership cooperation is very strategic and aims to further enhance the performance of each stakeholder, both in increasing the realization of Credit/Financing by PT. Chandra Sakti Utama Leasing while also increasing the Guarantee volume by Perum Jamkrindo," said the Director of Guarantee Business of Perum Jamkrindo, Bakti Prasetyo, during the signing event of the PKS.

The signing was conducted by the Director of Guarantee Business of Perum Jamkrindo, Bakti Prasetyo, and the President Director of PT. Chandra Sakti Utama Leasing, Suwandi Suratno. Witnessing the MoU signing event from Perum Jamkrindo were the Director of Finance, Investment, and Risk Management, I Rusdonobanu, and the Director of Operations and Network, R Sophia Alizsa.

The President Director of PT. CSUL Finance, Suwandi Suratno, promised to carry out this PKS cooperation responsibly. "We will not engage in moral hazard with this guarantee; we will continue to boost performance so that the businesses of both companies run well," he said in his speech.

Perum Jamkrindo, as a guarantee company, provides guarantees to PT. Chandra Sakti Utama Leasing. Both institutions share the same vision in providing opportunities for people who have not yet been able to access capital sources to obtain financing.

Another objective of this cooperation is to enhance the synergy between the two non-bank financial institutions and to support the smooth operation of both companies' business activities.

In 2015, Perum Jamkrindo was in a growing strategic position in line with the growth of the company's equity and assets. Perum Jamkrindo recorded a pre-tax profit of Rp 780.179 billion by the end of December 2015.

The company's total assets as of December 31, 2015, amounted to Rp 11.388 trillion. This value increased compared to the assets recorded at the end of 2014, which stood at Rp 10.02 trillion (yoy). Meanwhile, equity was recorded at Rp 9.267 trillion, up from the equity position as of December 31, 2014, which was Rp 8.417 trillion.

To improve services to business partners, Perum Jamkrindo has established a service network throughout Indonesia. As of now, Jamkrindo has a total of 55 branch offices and 10 service unit offices.

Meanwhile, CSUL Finance, in its unaudited report, claimed that the company's profit increased from Rp 41 billion to Rp 88 billion. (team)

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PT Jaminan Kredit Indonesia

DKI Jakarta, Indonesia