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.
IFC is an existing shareholder of the Bank and has a pre-emptive right to subscribe to new shares to maintain its ownership in the Bank. The proposed project consists of an additional equity investment of up to IDR 216 billion (estimated US$15 million equivalents) through a rights issue.
The shareholders of KHI are (i) KEB Hana Bank (“KHB”) with 89.01% shareholding; (ii) IFC with 9.98% shareholding; and (iii) Mr. Bambang Setijo with 1.01% shareholding.
KEB Hana Bank: KHB is a wholly owned subsidiary of Hana Financial Group (“HFG”) and is one of the major players in Korea's banking industry. KHB operates as HFG's main distribution channel by offering comprehensive financial services through about 800 branches in Korea and 150 branches in 24 foreign countries. Long-term ratings of KHB by Moody’s and S&P are A1 and A+, respectively.
Mr. Bambang Setijo: Mr. Setijo is the local shareholder. He is an independent businessman.
1/The Project Contact
PT Bank KEB Hana Indonesia
Contact: Marco Wirjadi
Tel: 021 508 111 - 811660
Address: Mangkuluhur City Tower One Jln. Jend. Gatot Subroto Kav. 1-3, Jakarta,
2/The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
ACCOUNTABILITY MECHANISM OF IFC
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