Project detail - PT BANK INDEX SELINDO

PT BANK INDEX SELINDO

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Who is our client

PT Bank Index Selindo is a national private commercial bank (BUSN) which was established in Jakarta on July 30, 1992. The focus of the Bank Index's business is in the commercial sector. In its office network development strategy, Bank Index prioritizes expanding market share in the small and medium enterprises (SME) segment, as well as building financing partnerships with other financial institutions such as Rural Banks (BPR) and Multi-finance companies.

Funding objective

Funding objective was to adequately capitalize the bank to grow its SME loan book.

Why we fund this project

The bank has a strong focus on financing SMEs in Indonesia. SMEs are underfunded in Indonesia therefore through Bank Index, FMO can help provide capital to SMEs in Indonesia.

Environmental and social rationale

Bank Index does not have high risk projects in their loan book. The E&S risk cat is 'C'.

Region
Asia
Country
Indonesia
Sector
Financial Institutions
Signing date
7/23/2020
Total FMO financing
USD 2.67 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)