Since 2022, Bank DBS Indonesia has signed a number of syndicated term loan facility agreements with several state-owned enterprises (SOEs) engaged in, among others, the energy, processing, and banking industries. The loans are a tangible manifestation of Bank DBS Indonesia's commitment to supporting the government's agenda and SOE projects in various regions. Bank DBS Indonesia also assists SOEs in accelerating business transition to a more sustainable direction through green loans and sustainability-linked bonds.

Building on the achievements of the previous year, Bank DBS Indonesia continues to offer loans to SOEs. Until September 2023, the bank has disbursed around US$1,300 million of credit to SOEs, with around 15 percent of the total channeled for environmental, social, and governance (ESG)-related objectives.

Kunardy Lie, Director of Institutional Banking at PT Bank DBS Indonesia, said, "Bank DBS Indonesia recognises the important role of SOEs in driving economic growth and development. We will continue the cooperation that has been established and continue to be a partner of SOEs in creating a positive impact on the wider community, including through our involvement in the form of green loan facilities worth a total of USD750 million for the transition from steam power plants (PLTU) to new renewable energy (EBT)."

Recently, Bank DBS Indonesia participated in the Sustainability-Linked Syndicated Term Loan Facility for PT Sarana Multi Infrastruktur (Persero). The loan agreement also involved a number of national and international banking partners, including Singapore, Japan, Hong Kong, Taiwan, and South Korea.

With an excellent track record in syndicated financing, Bank DBS Indonesia has earned the trust of SOEs as facilitator and coordinator (lead arranger/coordinator) of several syndicated financing opportunities. Bank DBS Indonesia also participated in the Business Matching event at Pertamina Investor Day 2023 where the bank, in its capacity as a banking specialist, played an active role in providing input on several strategic projects of Pertamina Group.

Bank DBS Indonesia received recognition for its contributions from the Ministry of SOEs during SOE Champion Partner Appreciation 2022, securing third place in the Global Champion - Private Business Class category in the creditor/investor category. The event was held to show appreciation to SOE partners who have supported SOE business and operations and improved SOE efficiency and effectiveness.

About DBS
DBS is a leading financial services group in Asia with a presence in 19 countries. Headquartered and listed in Singapore, DBS is in the three kay Asian axes of major: China, Southeast Asia, and South Asia. The bank’s "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named "World's Best Bank" by Global Finance, "World's Best Bank" by Euromoney and "Global Bank of the Year" by The Banker. DBS is at the forefront of utilising digital technology to shape the future of banking, having been named "World's Best Digital Bank" by Euromoney and "Most Innovative in Digital Banking" in the world by The Banker. In addition, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 15 consecutive years from 2009 to 2023.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets.

DBS is committed to building lasting relationships with customers as it banks the Asian way. Through the DBS Foundation, the bank creates a positive impact that goes beyond banking by supporting social enterprises: businesses that focus on balancing profit and social and/or environmental impact. The DBS Foundation also contributes to society in various ways, including equipping communities with future-ready skills and building food resilience.

With an extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

Bank DBS Indonesia provides financing for SOEs to support sustainable development