PR97702

JAKARTA, Indonesia, Sept. 7, 2022 /PRNewswire=KYODO JBN/ --

PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) collaborates with PT

Castrol Indonesia, an industrial and automotive lubricants company, to

facilitate the company's transactions using BRI's Corporate Billing Management,

Distributor Financing BRI Distribution and Outlet Financing services.

The collaboration was initiated through the signing of the Banking Services

Memorandum of Understanding (MoU) between Agus Noorsanto, Director of

Institutional and Wholesale Business BRI; Arif Lukas Darmawan, Director of PT

Castrol Indonesia; and Augustnine Adrianto, Director of PT Castrol Indonesia,

on 1 September 2022 in Jakarta, Indonesia. The Distributor Financing

Cooperation Agreement was also signed in this occasion.

BRI is ready to support transactions in PT Castrol Indonesia's business

ecosystem, especially MSME players. "We hope PT Castrol Indonesia and its

business ecosystem can benefit from BRI's Distribution Financing, Outlet

Financing, and banking transaction management facilities. We continue to meet

world-class standards to fulfill the banking needs of multinational

corporations," said Agus.

The agreement consists of the use of credit and banking services specifically

intended for PT Castrol Indonesia's distributors and outlets. The solutions

offered are Distributor Financing and Outlet Financing based on microfinance to

optimize business capacity while increasing sales volume, and financial

management effectiveness and efficiency.

The collaboration facilitates efficient management of financial transactions

and ensures timely receipt of payments through integrated systems. BRI's Cash

Management Platform (BRICaMS) and Corporate Billing Management (BRICBM) provide

flexibility to PT Castrol Indonesia and its distributors to make transactions

anywhere and anytime.

"PT. Castrol Indonesia is constantly innovating to find the best solutions for

customers. We believe that as our customers grow, our company will also grow.

As a result of the COVID-19 pandemic, cash problems and credit risk have

increased for our distribution partners. We believe that our collaboration with

BRI will help us come up with solutions to overcome this problem," said Nitin

Mengi, the Castrol Asia Pacific Management of PT Castrol Indonesia.

"This is a new step to improve financial services for our partners in

Indonesia. This collaboration is expected to make it easier for Castrol's

distributors and outlets to do business in Indonesia. In the end, we expect

company growth from this partnership," concluded Arif.

For more information about Bank BRI, visit www.bri.co.id　

Source: PT Bank Rakyat Indonesia Tbk (BRI)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=428849

   Caption: Memorandum of Understanding Signing Ceremony between PT Bank Rakyat Indonesia

(Persero) Tbk and PT Castrol Indonesia