Ciputra Res Loan (IFC-37122)

  • Indonesia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Java, Batam, Sumatra, Sulawesi and Kalimantan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 29, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.31 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 441.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 13, 2017

Disclosed by Bank Jan 14, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
PT Ciputra Residence (“CR” or the “Company”) is a leading property development company in Indonesia. Its core business involves development of new neighborhood townships and ancillary facilities. The Company plans to further develop residential and commercial property projects in Java, Batam, Sumatra, Sulawesi and Kalimantan over the next few years (the “Project”).
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The Project Sponsor is PT Ciputra Development Tkb (“CD”), the publicly listed holding company of the Ciputra Group, which wholly owns CR. CD was established in 1981 by its current Chairman, Dr. Ir. Ciputra, and is the flagship holding company of the broader Ciputra Group. At present, CD and its subsidiaries have over 45 residential and commercial projects in 25 cities spread across the country, making it one of the most geographically diversified developers in Indonesia. The shareholders of CD are the Ciputra family (39%) and the public (61%).

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Agussurja Widjaja PT Ciputra Residence Ciputra World 1, DBS Bank Tower 39th Floor Jl. Prof. DR. Satrio Kav. 3-5, Jakarta 12940 Indonesia Tel: (62-21) 2988 5858 Fax: (62-21) 2988 8585 E-mail: ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works