PT BANK INDEX SELINDO
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our funding objective?
Funding objective was to adequately capitalize the bank to grow its SME loan book.
Why do we fund this investment?
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.
What is the Environmental and Social categorization 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
- Effective date
- 7/23/2020
- Total FMO financing
- USD 2.67 MLN
- Funding
- FMO NV