“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, December 11, 2008

BNI gets $100m from Wachovia

The Jakarta Post, Jakarta | Thu, 12/11/2008 10:38 AM  

In a timely sign of international confidence on the country's banking system, the U.S. fourth largest bank, Wachovia Bank, has agreed a US$100 million loan to state-run Bank Negara Indonesia (BNI), the nation's third biggest. 

BNI is to use the loan equally both for working capital, and to expand its trade financing business, according to BNI president director Gatot M. Suwondo on Wednesday. 

"We are hoping this loan will strengthen both of these financial institutions in practicing their international business," he said. 

BNI treasury and international director Bien Subiantoro said the one-year loan was given with a relatively low interest rate 2.4 percentage points above the three-month London interbank offered rate (Libor). 

LIBOR is a daily rate based on the interest rates used in the borrowing of unsecured funds from banks in the London wholesale money market. 

Bien said the loan would also help increase foreign denominated liquidity. 

However, he added, the bank would be more cautious in channeling dollar-denominated loans due to the global economic slowdown, which would cause more risks of closure for companies. 

"We cannot afford to give dollar-denominated loans to companies that do not have underlying foreign currency cash flow at this time," he said, adding the loan would be aimed at exporters facing difficulties in securing financing. 

BNI is also looking for loans from other international financial institutions to strengthen its capital structure. 

"We've some other offers but the costs are too high," he said. 

Wachovia is soon to be merged with another U.S company Wells Fargo & Co after a failed attempt at a takeover by Citigroup earlier this year. 

The merger will see the new entity having total deposits of $713 billion and more than 6,500 branches and offices in the U.S. (dis)

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