SAN Finance Hoist 2008 Target Twice.

JAKARTA - Credit of PT Surya Artha Nusantara (SAN) Finance still flows rapidly. This financing company organizer returns to revise the financing target. SAN Finance nowadays stake financing value in this year-end Rp 2,4 quintillion, higher than previous target Rp 1,8 quintillion.

This is the second revision which conducted by SAN organizer. In the early year, SAN management only put the number of credit Rp 1,5 quintillion in the year-end. "Rp 2,4 quintillion target we decided on last July, seeing market condition and increasing request, “ speech the Director of SAN Finance, Susilo Sudjono.

SAN credit value as of last year-end reaches Rp 1,6 quintillion. To reach the year-end target, SAN organizer intends to push the credit channeling. Now, SAN primary focus is leasing, especially heavy equipment for mining company. Besides mining equipment, SAN also support leasing for the plantation company.

The former public chief of Indonesia Financing Company Association (APPI) said that the mining and plantation commodity booming in the world bring up SAN business. "Outside Java market does not influenced by the fuel price. As proof, till now the request continue flowing, “he speech. Leasing gives contribution as 95% from total of SAN financing. The rest come from consumption credit, like car financing. SAN Finance heavy equipment leasing business primary customers are companies which move in the plantation and mining sector. This two segment each giving contribution 37,5% and 35,8%. The rest flows for the heavy equipment of construction business, forestry, and other. For the source of financing, SAN Finance relies on the debt from foreign bank which reaches 65%. The rest newly come from either local bank loan or stockholder strength and company cash. (Source: Kontan newspaper, August 25, 2008).

(Source: Kontan newspaper, August 25, 2008)