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To support the objective of credit expansion in Eastern Indonesia, Bank Andara has initiated funding to the province of East Nusa Tenggara (NTT) on July 12 – July 15, 2011. On the special occasion, a meeting was held with board members of DPD Perbarindo NTT and conducted visits to several BPR in Kupang such as BPR Tanaoba Lais Manekat, BPR Christa Jaya Perdana, BPR Sari Dinar Kencana and BPR Central Pitoby, also a business visit to BPR Tanjung Pratama. As a result of the initiation, Bank Andara managed to have Linkage cooperation with PT. BPR Tanjung Pratama located in Belu district, Atambua, NTT.

As a follow up of the early initiation, 9 members representative of NTT Perbarindo had visited Bank Andara’s Headquarters on August 18, 2011. During the visit, Bank Andara was given the chance to present Bank Andara lines of product such as fund (funding), loans (lending), AndaraLink and Andara with BPR. The enthusiasm of Perbarindo NTT members to cooperate with Bank Andara is very high, not only for lending products and AndaraLink but they are most excited to immediately implement the Andara with BPR program. By doing the Andara with BPR program in NTT, expected that other Bank Andara’s product can follow-through considering there is still minimum cooperation occurring in the province of NTT with commercial bank, whether it’s a government bank or private bank.

As the actual implementation of the expansion of Bank Andara in NTT, on August 19 Bank Andara with NTT Perbarindo DPD signed Memorandum of Understanding (MOU). Mr. Irianto Kusumadjaja (Chief Information & Operations Officer Bank Andara), Mr. Ketut Suraharja (Chairman of NTT Perbarindo) and Mrs. Netty S. Muller (Secretary of NTT Perbarindo) signed the MOU, witnessed by representative members of NTT Perbarindo and staff of Business Unit of Bank Andara. By signing the MOU, Bank Andara is expected to immediately provide support for BPR development in NTT.