Bank DBS Indonesia acts as co-coordinator of loans to support PT Charoen Pokphand Indonesia Tbk’s (CPIN) business | Bahasa

Indonesia, 07 Jul 2022 - PT Charoen Pokphand Indonesia Tbk (CPIN) has signed syndicated revolving credit facilities agreements worth US$200 million and IDR6 trillion offered by 22 banks, with PT Bank DBS Indonesia acting as one of the co-coordinators and lenders. Similar transactions have been carried out regularly by CPIN and this collaboration is CPIN’s eighth transaction to support the company’s business needs. In the course of its journey, Bank DBS Indonesia has established a good relationship with CPIN since the first syndicated loan transaction in 2007.

CPIN started its commercial operation in 1972 and its business activities cover the production of poultry feed and the cultivation, breeding and processing of broiler chicken, as well as processed food production. In addition, CPIN also engages in the preservation of chicken meat through cold storage units, and sale of poultry feed, chicken meat, and husbandry products. The collaboration between CPIN and Bank DBS Indonesia is aimed at growing and strengthening CPIN's position as the most vertically-integrated poultry player in Indonesia.

Commenting on the collaboration, Corporate Banking Head, PT Bank DBS Indonesia, Kunardy Lie said, "As a purpose-driven bank, Bank DBS Indonesia is committed to contributing positively to society, including by providing syndicated loans to CPIN. The role of Bank DBS Indonesia as a co-coordinator in providing loans to CPIN has inspired us to hold similar strategic collaboration in various industries to positively impact industry sectors, society, and Indonesia’s economic growth."

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DBS is a leading financial services group in Asia with a presence in 18 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 Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. 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 13 consecutive years from 2009 to 2021.

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 social enterprises: businesses 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 communities with future-ready skills and building 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.