Lotus Creation (IFC-34215)

  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 16, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 24.96 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 24.96 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 7, 2020

Disclosed by Bank Nov 14, 2014

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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.

People Affected By This Project

The Project is expected to have development impact in the following areas:
- To increase access to finance to SME segment;
- To promote the best banking standard by introducing IFC''s environmental standards to the Bank and strengthening the Bank''s corporate governance system;
- To create jobs through network expansion and SME developmet.

Investment Description

The Project is a minority equity investment for an up to IDR 300 billion in the form of newly issued common shares of the Bank.

Private Actors Description

The Bank is 100% owned by the Atmadja family (Mayora Group) who also owns PT. MAYORA Indah Tbk, one of the largest food and beverages manufacturers and distributors in Indonesia [and also IFC’s existing loan client. The Bank is wholly owned by the family through two local entities (PT Mayora Inti Utama and PT Mayora Dhana Utama).

Contact Information

Irfanto Oeij – President Director
PT Bank Mayora
Jl. Tomang Raya Kav. 21-23, Jakarta, INDONESIA
P: +62 21 5655287 F: +62 21 5655277


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