PROJECT

Projects

Summary of Investment Information

Project Number

42034

Company Name

BANK KEB HANA, PT

Date SPI Disclosed

Oct 12, 2018

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Nov 20, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 7, 2020

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 11, 2019
Signed : Apr 4, 2019
Invested : May 15, 2019

Sector

Commercial Banking - General

Project Description

The proposed project consists of an additional equity investment by IFC in PT. Bank KEB Hana Indonesia (“KHI” or the “Bank”), IFC portfolio client since 2007. KHI is a midsize bank in Indonesia with an asset base of IDR 40,654 billion (US$2.7 billion). The proposed investment will support the Bank’s growth strategy and finance its capital investment in digital infrastructure to create the distribution and service channels for increasing the size of its lending operations in all business segments particularly in the SME segment. The Bank will be able to leverage its equity to expand the volume of its SME loan portfolio in a sustainable manner.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation