Astra Financial restructures US$1.48 billion in loans

first_imgAccording to Astra Financial, OJK data on May 17 showed that financing firms had restructured Rp 52.9 trillion in loans to some 1.79 million borrowers, meaning that the value of credit restructuring by ACC, TAF and FIFGROUP accounted for 41 percent of all loans restructured by Indonesia’s financing industry.Most customers covered by the restructuring program had borrowed through FIFGROUP, which has restructured loans for some 683,000 people with a total value Rp 6.7 trillion since the OJK instructed financial institutions to provide relief for borrowers affected by the COVID-19 pandemic in late March.The ACC and TAF have restructured loans for some 78,000 and 30,993 customers, respectively, for loans totaling Rp 11 trillion and Rp 4.2 trillion. The two companies provided an online platform for borrowers to request for loan relief.”We have been actively offering customers affected [by COVID-19 crisis the opportunity] to take our restructuring programs to help them get through the pandemic,” TAF president director Agus Prayitno said. (afr)Topics : Astra Financial, a lending consortium under diversified conglomerate Astra International, has restructured loans to some 792,000 customers – worth a total of Rp 21.9 trillion (US$1.48 billion) – as part of the loan-relaxation program introduced by the government in March, this year.Three subsidiaries of Astra Financial, namely automobile financing businesses Astra Credit Companies (ACC) and Toyota Astra Finance and motorcycle financing business Federal International Finance (FIFGROUP), restructured the loans in compliance with a Financial Services Authority (OJK) regulation on easing loan repayment.”We are thankful that as of May 17, or within 1.5 months since the program was launched, the total [value] of restructured loans approved by ACC, TAF and FIFGROUP has reached Rp 21.9 trillion for 792,000 customers throughout all provinces in Indonesia,” Astra Financial director Suparno Djasmin said in a statement on Wednesday.last_img read more

Check out Brisbane’s newly listed homes with character

first_imgPlenty of original character features were retained in this 29 Frith St, South Brisbane home. Picture: from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020If a little closer to the CBD is more appealing this home at 29 Frith St, South Brisbane has plenty going for it.It has two-bedrooms and four bathrooms.The upstairs of the character home retains original features including ceiling roses, VJ panelling and polished, timber floor boards. 22 Windermere Crescent, Carindale. Picture: may be in different suburbs but the one thing these new hot listings have in common is they are all homes with character.This five-bedroom house at 22 Windermere Crescent, Carindale, is impressive in its street appeal and inside.There is a large fountain out the front of the home and once you enter the foyer it leads you through to living spaces or to the upper level.The home has a fully soundproofed karaoke/cinema room. 62 Marriott St, CoorparooIf it’s a brush with sporting fame you’re after and a huge family home to boot check out, 62 Marriott St, Coorparoo. The five-bedroom home is owned by former Brisbane Lions captain Michael Voss who has now moved with his family to South Australia.The five-bedroom home is on a large corner block and is ultra-private.It is designed in a U configuration around the pool.its best on a grand scale. Flawlessly designed in a classic ‘U’ configuration around the pool this spectacular home presents the ultimate in connection and privacy. The formal lounge and dining area have a wood fireplace, arched french windows and a chandelier.last_img read more