EN / ID
10 February 2023

ELNUSA and BRI extend cooperation, Conduct Signing Ceremony 2023

Jakarta, 9 February 2023 - PT Elnusa Tbk, a PT Pertamina Hulu Energi subsidiary incorporated in Subholding Upstream Pertamina, held a signing ceremony with Bank BRI. This signing was carried out for the Amendment and Extension of the Bank Guarantee/Standby Letter of Credit Facilities and Suspension of Import Guarantees and Local Working Capital Credit and Trust Receipts of USD 23,000,000.00. The extension of this facility change is to support operational activities and other needs related to tenders and also Elnusa's supply chain management.

On this occasion, the Finance Director of PT Elnusa Tbk, Bachtiar Soeria Atmadja, said, "The continuation of the collaboration between BRI and Elnusa in the use of facilities and transactions has been going very well so far. Thank you for the support from Bank BRI to Elnusa since 2012 starting with the Bank Guarantee Facility and Suspension of Import Guarantees with an Initial Limit of USD 20,000,000. In this agreement, Elnusa made changes and extensions to the Bank Guarantee/Standby Letter Of Credit Facilities and Suspension of Import Guarantees and Local Working Capital Credit and Trust Receipts. Increase in Initial Limit to USD 23,000,000.00”.

"Hopefully in the future, Elnusa's relationship with Bank BRI will be better and tighter through increased utilization and improvement of service speed that is mutually beneficial to both parties. We hope that Bank BRI can participate in financing Elnusa's investment in the future." Close Bachtiar.

Meanwhile, the Division Head of Infrastructure, Transportation, Oil & Gas Division of PT Bank Rakyat Indonesia, Suyitno, stated "We believe there is even greater potential from Elnusa to utilize BRI facilities, especially in Bank Guarantee and L/C facilities, so that at the signing credit this time we are committed to adding to the NCL facility which was previously USD 20,000,000 to USD 23,000,000. With this addition, we hope that the cooperation that has been well established will get even better and create a symbiosis of mutualism for Elnusa and BRI for performance that continues to GROW and RESISTANT.”

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