Bank Mandiri to take active role in weaponry development

State-owned Bank Mandiri will finance the construction of two 40-meter missile boats for the Indonesian Navy. The
deal is worth Rp 65.97 billion or about US$7.65 million.

“The financing, worth Rp 65.97 billion, is given through PT Palindo for two KCR-40s,” Bank Mandiri president
director Zulkifli Zaini said.

Zulkifli said the bank, currently Indonesia's largest lender by assets, wanted to play an active role in the country's
weaponry development.

“We want to take part in the construction of high-tech missile boats made purely by children of the nation,” he said as quoted by Antara.

The full story is available at thejakartapost.com.