PROJECT

Projects

Summary of Proposed Investment

Project Number

29962

Company Name

BANK CIMB NIAGA, PT TBK

Date SPI Disclosed

Feb 27, 2012

Country

Indonesia

Industry

Financial Markets

Projected Board Date

Mar 29, 2012

Status

Completed

Sector

Primary Mortgage Institutions

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Mar 28, 2012
Signed : Mar 30, 2012
Invested : Nov 20, 2012

Project Description

The proposed project is to provide long-term financing in the form of a senior loan to PT Bank CIMB Niaga Tbk (“CIMB Niaga” or the “Bank”), to support the Bank’s mortgage lending business.

CIMB Niaga was incorporated in Indonesia in 1955 under the name of Bank Niaga, and was listed on the Indonesia Stock Exchange in 1989. In 2002, CIMB Group acquired a majority control stake in the Bank. CIMB Niaga is today Indonesia’s 5th largest bank in terms of assets and operates a full-fledged universal platform offering retail, SME and corporate banking services. In addition to traditional banking products, the Bank also has a growing franchise in microfinance and Sharia banking.

Sponsor / Cost / Location

Development Impact