Mutiara Bank on 30th April 2014 announced plans to continue its cooperation with PT. Asuransi Central Asia through an extension of existing business ties and an increase in the limit of its bank guarantee services. The continuation of this mutually beneficial cooperation was formally agreed upon during an MoU signing at the Mutiara Bank headquarters in Jakarta, and introduces a 267 billion IDR limit for bank guarantees disbursed to ACA – up from the maximum set in the previous cooperation agreement. This service is to be used in guaranteeing business activities carried out by ACA’s clients, encompassing both construction and non-construction activities. Such ability to form long-term partnerships with notable institutions such as ACA is indicative of the business community’s high level of trust in Mutiara Bank’s commitment and drive to innovate.

Ms Juliati Boddhiya as Director of ACA and Mr Ahmad Fajar as Director of Mutiara Bank carried out the signing of the MoU. Mutiara Bank President Director, Mr Sukoriyanto Saputro and ACA Senior Manager, Mr Hendra Saputra also witnessed the event.