PROJECT

Projects

Summary of Investment Information

Project Number

34215

Company Name

BANK MAYORA, PT

Date SPI Disclosed

Nov 14, 2014

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Dec 16, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 26, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Dec 15, 2014
Signed : Jan 22, 2015
Invested : Feb 16, 2015

Sector

Commercial Banking - General

Project Description

The proposed project is to support Bank Mayora, a small-sized SME bank with over 20 years of lending experience and with a focus in the supply chain financing area. IFC will acquire an equity stake of the Bank through newly issued common shares (the “Project”). Through this project, IFC will partner with the Bank’s controlling shareholder to roll-out an expansion plan to: (i) continue its accelerated loan growth expansion in SME and underpenetrated other segments; (ii) expand its distribution network and develop its branchless banking business, a key initiative and an integral part of its supply-chain financing business, particularly in the Food & Beverage (F&B) and retail sectors; and (iii) expand its capital base to BUKU II bank category.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation