PROJECT

Projects

Summary of Investment Information

Project Number

33212

Company Name

PT Bank SMBC Indonesia Tbk

Date SPI Disclosed

Apr 23, 2013

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

May 30, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Dec 16, 2013
Signed : Aug 1, 2014
Invested : Oct 2, 2014

Sector

Commercial Banking - Microfinance

Project Description

PT. Bank Tabungan Pensiunan Nasional Tbk., (“BTPN” or the “Bank”) is a mid-size commercial bank and is a valued client of IFC since 2009. The Bank uses a unique business model combining access to finance and access to training, serving the high potential mass market and targeting low income pensioners, the micro-small business segments and women entrepreneurs at the base of the pyramid in Indonesia.

This project propose is a part of IFC’s inclusion agenda in Indonesia and proposes to extend loans in Indonesian Rupiah which will be used to (i) fund the growth of the Bank’s micro-small business finance activities and expansion of its “productive poor” business line which is targeted at women entrepreneurs at the base of the pyramid, and (ii) strengthen its funding base in order to reduce asset and liability mismatch with a longer tenor financing package.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation