Bank Mandiri Obtains $105 Million Loan Facility from ADB

News Release | 13 November 2009

MANILA, PHILIPPINES - PT Bank Mandiri (Persero) Tbk. has signed a $105 million loan facility with the Asian Development Bank (ADB) to strengthen its financing structure.

The borrowing consists of a direct loan of $75 million with a seven-year maturity from ADB and another $30 million loan from global financial institution, ING Bank N.V, which carries a maturity of five years.