Original disclosure @ IFC website
Updated in EWS Oct 10, 2022
Disclosed by Bank Jul 19, 2022
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According to the bank's website, the project "consists of a 3-year secured senior loan facility/social bond for up to US$40 million in IDR equivalent; provided for PT Bank Sahabat Sampoerna (“BSS”, or the “Bank”) – under the “Base of the Pyramid Program” (“BOP Program”), part of Fast Track COVID-19 Facility. The BOP Program is designed to support lending to micro, small and medium enterprises (“MSMEs”) by financial institutions in emerging markets in response to the COVID-19 pandemic.The proceeds from the proposed secured senior loan facility/ social bond will be utilized by BSS to support lending to MSMEs, which are underserved and significantly impacted by COVID-19 pandemic. BSS is a private bank sponsored by the PT Sampoerna Strategic Group (“SSG”, the “Group”, or the “Sponsor”) which is a large conglomerate established by Sampoerna family in Indonesia. The Bank is controlled by SSG through PT Sampoerna Investama, which currently holds 64.24% stake in the Bank. The Bank has exhibited a strong and proven track record in the MSMEs segment, which constitutes more than 70% of the Bank’s loan portfolio through a network of 21 branches. To boost its business, BSS also developed a loan acquisition scheme whereby it partnered with its affiliated cooperative partner, Koperasi Simpan Pinjam Sahabat Mitra Sejati since 2011."
PT Bank Sahabat Sampoerna
(+6221) 5795 1234
Sampoerna Strategic Square, North Tower, Mezzanine Floor,Jl.Jend. Sudirman Kav. 45-46, Jakarta,1293
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