IBFN Targets Twice Growth in 2019

Jakarta, 20 December 2018 –PT Intan Baruprana Finance Tbk (IBFN), which is an investment and working capital financing company for the productive sector, stated its readiness to channel financing to corporate customers who have a track record and good business prospects in 2019 . This was conveyed during the Company's Public Expose event held at INTA Building, Cakung, North Jakarta.

 In the public exposure, IBFN management is targeting a doubling of funding growth in the coming year without ignoring the principle of prudence as if it is always improving the quality of troubled financing.

 IBFN President Director Carolina Dina Rusdiana explained, "Until now, the majority of funding for financing distribution plans in the coming year comes from the Company's rights issue that has been completed recently and from repayments of existing customer installments. The proceeds from the rights issue received by the Company were around Rp.77,768 billion which also marked the start of a new round of IBFN which has a new shareholder, PT Northcliff Indonesia.

 "Next year, the Company will continue to be more active in distributing financing to various productive business sectors while continuing to look for additional funding opportunities, both from banking and non-banking, and remain committed to running a multi-prudent business."Not only that, the Company has also strengthened IBFN's management through the appointment of Erry Sulistio as Commissioner and Willy Rumondor as President Commissioner and Carolina Dina Rusdiana as President Director and Kurniawan Saktiaji as Director.

IBFN which has succeeded in going through a difficult period with the demands of Postponing Debt Payment Obligations (PKPU) to the Commercial Court has succeeded in reaching an agreement on a peace proposal (homologation) with the majority of creditors on April 10, 2018. carry out debt conversion through additional capital without pre-emptive rights in July 2018 with a value of around Rp. 350 billion. In addition, with the success of the first Right Issue and the entry of PT Northcliff Indonesia, 2018 is a new round of the rise of the IBFN.

"We hope that with the addition of capital from INTA Group, the success of Right Issue I, strengthening management, actively re-distributing prudent financing and intensifying the recovery of troubled financing, IBFN will be able to improve performance and gain trust from stakeholders," said Dina while closing the exposure public. 

Overview of PT Intan Baruprana Finance, Tbk (IBFN) 

PT Intan Baruprana Finance, Tbk (IBFN) is a finance company that provides financing solutions in accordance with the funding needs of investment and working capital of customers. IBFN is supported by the marketing network of the business group PT Intraco Penta Tbk (INTA) in more than 40 locations in Indonesia, offering total fleet financing solutions for various types of heavy equipment, industrial machinery, trucks and buses, and other capital goods in the infrastructure industry sector , construction, land transportation, mining, oil and gas, agriculture and plantations. 

For further information please access the website www.ibf.co.id, or email: corsec@ibf.co.id and / or irfindo@gmail.com