Bank Mutiara has signed a strategic partnership with PT Andalan Finance which was officially marked by a signing ceremony on 20th August 2013 at the bank’s head office in Jakarta. This cooperation serves to increase the bank’s available credit lines by a further 100 billion RP bringing its upper lending ceiling to 130 billion RP. This increased funding will be used to support the bank’s funding target of 3 trillion RP for 2013 in addition to the expansion of the bank’s branch network.

Bank Mutiara works with various finance companies in addition to PT Andalan Finance to provide finance channeling. To date, the company has distributed funds of 39 finance companies up to a total value of 3.5 trillion RP by July 2013. The finance sector serves as the largest contributor to Bank Mutiara’s loan portfolio at 30% of total funds which currently stands at 11.5 billion RP.