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The International Finance Corporation (IFC), the private
sector of the World Bank Group, announced Thursday that it would
provide a local currency loan of about Rp 1.1 trillion (US$125 million)
to Bank International Indonesia Tbk (BII).
IFC said that the financing is expected to make available long-term
rupiah credit to BII which will enable it to increase lending to small
and medium-scale companies.
"By providing long-term local currency funding, we also hope to help
BII enhance its asset and liability risk profile," IFC said in a
statement.
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