BTPN SMEGreen I (IFC-41698)

Countries
  • Indonesia
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
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
Dec 19, 2018
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.
Borrower
PT BANK BTPN TBK
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 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.
Loan Amount (USD)
$ 150.00 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.
Project Cost (USD)
$ 150.00 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 May 7, 2020

Disclosed by Bank Dec 11, 2019

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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.

According to the bank document, the investment will be used by the Bank to expand green financing and to increase lending to Micro, Small, and Medium Enterprises (“MSMEs”) with a focus on two areas, addressing MSME financing gaps through Supply Chain Finance (“SCF”) and promoting lending to women owned MSMEs (“Women MSMEs”).

The Bank is a valued client of IFC since 2009 and was formerly known as PT Bank Tabungan Pensiunan Nasional Tbk, a mid-size commercial bank in Indonesia with focus on financial inclusion and targets low-income pensioners, MSMEs and women entrepreneurs at the base of the pyramid. The Bank was rebranded after it was merged with PT Bank Sumitomo Mitsui Indonesia on February 1st, 2019. Supported by 19,465 employees, BTPN serves close to 12million customers throughout Indonesia as of Sep-19.

BTPN is headquartered in Jakarta, Indonesia and has network throughout the country, with 864 total networks of branches, ATMs and payment points. In addition, the Bank also deploys 155,000 agents to conduct its branchless banking activities, particularly in rural areas.   

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed project will be a local currency senior debt facility of up to $150 million equivalent.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

BTPN is a publicly listed bank in Indonesia. Following the merger with PT Bank Sumitomo Mitsui Indonesia that was completed on February 1st, 2019, Sumitomo Mitsui Banking Corporation (“SMBC”) became the controlling shareholder with 92.43% ownership in the Bank. The remaining shares is held by the public.

PT Bank BTPN Tbk (Bank BTPN) officially commences its operations as a new bank as a result from the merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI).

SMBC is wholly owned subsidiary of Sumitomo Mitsui Financial Group. (“SMFG”), an internationally A-rated financial group and one of the three largest financial groups in Japan.       

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - PT Bank Sumitomo Mitsui Indonesia Parent Company -
- - - - PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) Client -
- - - - Sumitomo Mitsui Banking Corporation (SMBC) Parent Company -
- - - - Sumitomo Mitsui Financial Group (SMFC) Investor -

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.

1/ Project Contact

PT. Bank BTPN Tbk
Hanna Tantani
Chief Financial Officer
+62 21 30026200

CBD Mega Kuningan, Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5 – 5.6. Jakarta 12950
www.btpn.com

2/IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works