According to the Bank’s website, International Finance Corporation (IFC) is proposing an investment in bonds of US$500 million issued by PT Bank BTPN Tbk (BTPN or the Bank). The investment comprises (i) a green bond component (green bond) and (ii) a social bond component (social bond) to support the Bank’s lending programs for micro, small, and medium sized enterprises (MSMEs) including women-owned MSMEs and green financing (the Project). The proposed investment is consistent with the objectives of the World Bank Group’s Indonesia Country Partnership Framework (FY2021-2025), the World Bank Group’s Universal Financial Access 2020 initiative, and IFC’s Indonesia Strategy (FY2021-2024), as it supports MSME access to finance as well as investment in eligible green assets through one of the country’s systematically important banks, and contributes to capital market development through the issuance of green and social bonds.
The project is expected to be supported by the Market Accelerator for Green Construction (“MAGC”) Program, the Women Entrepreneurs Finance Initiative (We-Fi) and the Women Entrepreneurs Opportunity Facility (WEOF) as described in the Blended Finance Section.
The Bank is a strategic client of IFC since 2009 and has evolved to become the sixth largest private sector commercial bank, offering a wide range of financial products. As a leading domestic bank, BTPN serves nearly 9 million customers as of December 2022.
PT Bank BTPN Tbk
Chief Financial Officer
+62 21 30026200
Menara BTPN, Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5 - 5.6, Jakarta12950
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