Bank Negara Indonesia (BNI) gives financing facility US$100 million to United State’s (U.S) pulp & paper producer Cascade Pacific Pulp LLC (CPP). This is for the first time the bank has provided loans to foreign companies abroad. The financing is marked by the signing of the loan facility between BBNI and CPP in Washington DC, USA, on Monday (July 237) local time.
It said, the financing facility will be channeled through the bank’s branch office in New York to improved the financial performance of companies through investment funds. This financing also to help the company run the program increase plant production capacity and working capital.