♞ Bank Jabar Banten support production of medium tanks for the Indonesian Army.
MT Harimau Pindad [Pindad] ★
State-owned Indonesian firm PT Pindad has signed a credit agreement with a domestic bank to support the expansion and development of its production facilities.
The bank deal is likely positioned to support PT Pindad’s production of medium tanks for the Indonesian Army.
PT Pindad said on 26 July that its arrangement with the Bank Jabar Banten (BJB) is intended to help the company achieve significantly expanded production targets. Financial details of the agreement were not disclosed.
Wildan Arief, PT Pindad’s finance director, stated in a press release that the company has been growing consistently over the past few years and that its production targets are expected to increase by about 40% in line with the growing requirements of the Indonesian Armed Forces.i
MT Harimau Pindad [Pindad] ★State-owned Indonesian firm PT Pindad has signed a credit agreement with a domestic bank to support the expansion and development of its production facilities.
The bank deal is likely positioned to support PT Pindad’s production of medium tanks for the Indonesian Army.
PT Pindad said on 26 July that its arrangement with the Bank Jabar Banten (BJB) is intended to help the company achieve significantly expanded production targets. Financial details of the agreement were not disclosed.
Wildan Arief, PT Pindad’s finance director, stated in a press release that the company has been growing consistently over the past few years and that its production targets are expected to increase by about 40% in line with the growing requirements of the Indonesian Armed Forces.i
♞ Jane's
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