KB Bank and APP Indonesia Sign Vendor Financing Cooperation Agreement

AEINews – KB Bank (BBKP) and PT APP Purinusa Ekapersada (APP Indonesia), a leading company in the pulp and paper industry, have signed a vendor financing cooperation agreement. KB Bank is here to provide innovative financing solutions for its business partners.

The collaboration with APP Indonesia, the parent company of well-known producers such as PT Indah Kiat Pulp & Paper Tbk, PT Perusahaan Kertas Tjiwi Kimia Tbk, and PT Pindo Deli Pulp And Paper Mills, was signed at Sinarmas Land Plaza, Tower 2, Monday (27/5 /2024).

It is important to note that the vendor financing initiative offered by KB Bank is designed to provide easy and fast access to financing for APP Indonesia's business partners. This facility aims to simplify the financing process, thereby enabling APP Indonesia's business partners to develop their business scale more efficiently and effectively. Through this partnership, KB Bank and APP Indonesia are committed to creating a mutual and sustainable business ecosystem.

In a release, Tuesday (28/5/2024), Deputy President Director of KB Bank, Robby Mondong, said that this collaboration is clear evidence of KB Bank's commitment to supporting the growth of the customers' business ecosystem.

"We believe that this initiative will have a positive impact on the business development of our customers and business partners," said Robby Mondong.

This year, KB Bank targets business growth through an ecosystem of financing initiatives that suit customer needs, while continuing to strive to improve the quality of its assets.

With this financing facility, both KB Bank and APP Indonesia hope to encourage sustainable growth and contribute to Indonesia's economic development.

Source: emitennews.com