Bank DBS Indonesia Garners International Award for Sustainable Financing | Bahasa
Indonesia.06 Mar 2024.0 min read
Indonesia, 06 Mar 2024 - Bank DBS Indonesia continuously strives to maintain its performance and growth. To achieve this goal, many strategic initiatives are implemented by Bank DBS Indonesia through Institutional Banking Group (IBG) unit. With a portfolio of national and multinational corporate clients, IBG is committed to enhancing its capabilities as a trusted advisor in understanding clients' business needs by offering comprehensive banking solutions that suit each company's business characteristics and needs.
In early 2024, Bank DBS Indonesia through this business unit received a prestigious international award from The Asset and Greenwich for its performance in the distribution of Sustainability Loan financing and Environmental, Social, and Governance (ESG)-themed cooperation agreements carried out during 2023. This award demonstrates Bank DBS Indonesia's role as a partner in driving environmentally friendly and sustainable business practices.
Head of Institutional Banking Group PT Bank DBS Indonesia Kunardy Lie said, "We are proud and honored that Bank DBS Indonesia has been recognized for its commitment and performance in driving sustainable and responsible business practices. We recognize that industry players need trusted partners and advisors who can be relied upon to transition to greener businesses, and Bank DBS Indonesia plays a role in meeting this need. We are committed to always considering the green economy of their commitments and strategies and offer various sustainable financing facilities such as sustainable loans or sustainability-linked loans. All these efforts are in support of the government in accelerating the transition to a green economy."
Some of the categories achieved by Bank DBS Indonesia from the Triple A Awards for Sustainable Finance by The Asset include Best Sustainability-linked Loan for NBFI sector and Best Green Utility.
In 2023, Bank DBS Indonesia provided several financing facilities, some of which are:
Moreover, Bank DBS Indonesia was also awarded as the Best Loan Advisor by The Asset in the Triple A Awards. This award is a recognition and appreciation of the success of Bank DBS Indonesia's IBG unit as Sole Coordinator for 3 fundraising in Pertamina Group, both at the holding level, Pertamina (Persero) and at the subholding level, Pertamina Hulu Energi throughout 2022 to 2023. Previously in 2023, the IBG unit also received the 2023 Best Foreign Investment Bank in Indonesia award from Global Finance.
In its commitment to sustainability, Bank DBS Indonesia has three pillars that serve as a foundation, namely Responsible Banking, which focuses on delivering responsible banking products, Responsible Business Practice, which emphasizes Bank DBS Indonesia's efforts in running greener business operations, and Impact Beyond Banking, where Bank DBS Indonesia is committed to continually contributing and creating positive impact in the community.
In addition to financial services, Bank DBS Indonesia believes that customer experience is also an important aspect in improving customer satisfaction. Through the Greenwich Leaders 2024 award, Bank DBS Indonesia was recognized first winner in Indonesia in the Large Corporate Coverage Customer Satisfaction Quality category which emphasizes the bank's commitment to continue prioritizing comprehensive banking services. This demonstrates that Bank DBS Indonesia has delivered a consistently excellent customer experience, and affirmed its position as a leader in delivering quality and trusted services in the Indonesian banking market.
For more information about sustainable financing by Bank DBS Indonesia, visit this page.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater 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. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” 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 impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its 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.
In early 2024, Bank DBS Indonesia through this business unit received a prestigious international award from The Asset and Greenwich for its performance in the distribution of Sustainability Loan financing and Environmental, Social, and Governance (ESG)-themed cooperation agreements carried out during 2023. This award demonstrates Bank DBS Indonesia's role as a partner in driving environmentally friendly and sustainable business practices.
Head of Institutional Banking Group PT Bank DBS Indonesia Kunardy Lie said, "We are proud and honored that Bank DBS Indonesia has been recognized for its commitment and performance in driving sustainable and responsible business practices. We recognize that industry players need trusted partners and advisors who can be relied upon to transition to greener businesses, and Bank DBS Indonesia plays a role in meeting this need. We are committed to always considering the green economy of their commitments and strategies and offer various sustainable financing facilities such as sustainable loans or sustainability-linked loans. All these efforts are in support of the government in accelerating the transition to a green economy."
Some of the categories achieved by Bank DBS Indonesia from the Triple A Awards for Sustainable Finance by The Asset include Best Sustainability-linked Loan for NBFI sector and Best Green Utility.
In 2023, Bank DBS Indonesia provided several financing facilities, some of which are:
- PT Sarana Multi Infrastruktur (PT SMI), to finance a maturing USD700 million offshore syndicated term loan. This financing will fund ongoing projects, as well as new financing, especially for sustainable infrastructure projects in Indonesia.
- PT Indomobil Sukses Internasional, with USD16 million financing to drive the government's sustainability agenda through electric vehicles. Through this financing, Bank DBS Indonesia supports the accelerated purchase of lower carbon electric vehicles to support the realization of a green economy.
- PT TBS Energi Utama Tbk, with financing by Bank DBS Indonesia and DBS Bank Ltd (DBS) of USD33 million to finance the acquisition of Asia Medical Enviro Services, a pioneering and the largest company focused on medical waste services in Singapore.
- State Grid (Corporation of China), where Bank DBS Indonesia acted as Lead Arranger, Facility and Security Agent, Account Bank, and Green Loan Advisor of a USD100 million syndicated green loan to China Electric Power Equipment and Technology Co. Ltd. for its first energy efficiency upgrade and emphasizes Bank DBS Indonesia's position as a leading regional banking player.
Moreover, Bank DBS Indonesia was also awarded as the Best Loan Advisor by The Asset in the Triple A Awards. This award is a recognition and appreciation of the success of Bank DBS Indonesia's IBG unit as Sole Coordinator for 3 fundraising in Pertamina Group, both at the holding level, Pertamina (Persero) and at the subholding level, Pertamina Hulu Energi throughout 2022 to 2023. Previously in 2023, the IBG unit also received the 2023 Best Foreign Investment Bank in Indonesia award from Global Finance.
In its commitment to sustainability, Bank DBS Indonesia has three pillars that serve as a foundation, namely Responsible Banking, which focuses on delivering responsible banking products, Responsible Business Practice, which emphasizes Bank DBS Indonesia's efforts in running greener business operations, and Impact Beyond Banking, where Bank DBS Indonesia is committed to continually contributing and creating positive impact in the community.
In addition to financial services, Bank DBS Indonesia believes that customer experience is also an important aspect in improving customer satisfaction. Through the Greenwich Leaders 2024 award, Bank DBS Indonesia was recognized first winner in Indonesia in the Large Corporate Coverage Customer Satisfaction Quality category which emphasizes the bank's commitment to continue prioritizing comprehensive banking services. This demonstrates that Bank DBS Indonesia has delivered a consistently excellent customer experience, and affirmed its position as a leader in delivering quality and trusted services in the Indonesian banking market.
For more information about sustainable financing by Bank DBS Indonesia, visit this page.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater 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. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” 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 impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its 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.
