PT Radana Bhaskara Finance Tbk (Radana Finance) obtained an additional working capital credit facility from PT Bank Jago Tbk (Bank Jago), bringing the total facility provided by Bank Jago to Radana Finance to IDR 1 trillion. The signing of the Credit Agreement was carried out on Wednesday (12/04/2023), represented by Mr. Rizalsyah Riezky as Director of Radana Finance. The credit facility will used by Radana Finance to support its two current financing products, namely Factoring and Asset-Based Finance (ABF).
Radana Finance started 2023 aggressively, as seen from the funding activity that continues to be carried out by the banking sector. In addition, the trust from the banking sector continues to increase in line with the improved performance of Radana Finance and continues to distribute financing prudently. Throughout 2022, it recorded that Radana Finance's revenue has managed to grow 29% YoY and followed by a net profit growth of 26% YoY.
