United Tractors Collaborates with KB Bank to Provide Credit Facilities for Heavy Equipment Purchases

Jakarta, March 27, 2024 – To support economic growth in Indonesia, PT United Tractors Tbk (UT) collaborates with KB Financial Group to provide customers with easier access to financing for heavy equipment purchases. This partnership was marked by a credit facility signing ceremony held at UT Head Office on March 27, 2024.

Under this collaboration, KB Bank offers several advantages, including more competitive interest rates, faster processing, easier and more flexible credit structures tailored to individual customer needs, and flexible financing terms of up to 5 years.  Through these advantages, KB Bank is optimistic that it can help boost UT’s heavy equipment sales with a credit potential of more than Rp 1.6 trillion.

Through this collaboration, UT hopes that customers will have easier access to financing for heavy equipment purchases. Additionally, UT aims to increase its market share in the agro, forestry, construction, and non-coal mining sectors, which are UT’s key target markets moving forward.

United Tractors’ Overview

PT United Tractors Tbk (UT) is Indonesia’s largest heavy equipment distributor, established in 1972. The Company operates in five business areas: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy. Additionally, UT is committed to promoting sustainability and achieving Sustainable Development Goals (SDGs).

ESG United Tractors

As a world-class heavy equipment, mining, and energy company, UT has been operating in Indonesia for over 50 years. The company is committed to creating a sustainable future for Indonesia by effectively applying ESG principles. UT aims to pay attention to the environment, positively impact society, and uphold good corporate governance at all levels of its business operations. The company also strives to optimize its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.