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

How to live like a richlist developer on the Brisbane riverfront

first_imgPradella Property Ventures managing director David Pradella.THE middle of three brothers of richlist developer family, the Pradellas, has put his luxury inner-city penthouse up for rent.David Pradella, who is the managing director of Pradella Property Ventures, put his luxury West End penthouse apartment up for $1390 rent a week – a fine price considering it was built for entertaining and has sweeping river and cityscape views. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auDavid, who turns 60 next year, is the middle brother in the highly successful Pradella development family, sandwiched between Metroplex founder Silvio and younger brother Kim of Pradella Constructions and Developments. All three are chips off the old block – that block being father Cesare who started the Pradella legacy, creating among other buildings the Roma St Parkland apartment development. David – who has 15 properties under his own name – bought the 280sq m riverfront penthouse off his younger brother for $2.56m in 2009. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auThe four bedroom apartment has a gourmet kitchen kitted out with German appliances, plus a large walk-in pantry and wine fridge. It also has a media room, study, powder room for guests, separate laundry with private balcony, built in barbecue and he’s also thrown in appliances such as a coffee machine, dishwasher, washing machine and dryer.The complex has a heated 20 metre pool and wading area, private gym and theatrette, and is in the high-demand Brisbane State High school zone. Bond has been set at $5560 for the apartment, which has three garage spaces. It’s available for rent from August 25.center_img More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.aulast_img read more