Jakarta (ANTARA News) - Bank Permata will continue to expand cooperation with a number of subsidiaries of Astra Internasional such as United Tractors where it cooperates on financing of spare parts procurement and services, the bank`s director said.

"We will have similar cooperation with Honda Motor and other Astra`s subsidiaries, with a cooperation scheme like that with the United Tractors," Retail Director of Bank Permata Lauren Sulistiawati said here on Monday.

He made the remarks on the sidelines of the signing ceremony of a cooperation with the United Tractors.

A total of 44.5 percent of Bank Permata`s stake is owned by Standard Chattered Bank and 10.1 percent by the public.

President Director of PT Astra Internasional who is also deputy chief commissioner of Bank Permata Gunawan Geniusahardja said the cooperation was a good start for other cooperation with other Astra`s subsidiaries using the same schemes.

"United Tractors is a subsidiary of Astra which is developing rapidly so that the cooperation is expected to bring benefits to Bank Permata," he said.

President Director of United Tractors Djoko Pranoto said this year the sales of United Tractors were estimated at between Rp5 trillion and Rp6 trillion in line with the country`s increasing economic growth.

"This cooperation is in line with our programs to provide the best services for our clients, so that with the funds support from Permata Bank this business would develop further," he said.

Called the Permata Quick Cash, the funding facility is given to the clients of United Tractors in the procurement of spare parts and services of heavy equipment.

He said that the partnership between Bank Permata and United Tractors provided fast solutions to the customers of United Tractors with a facility ceiling of Rp100 million up to Rp1 billion for a one year term and could be extended.
(Uu.A014/HAJM)

Editor: Priyambodo RH
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