Bank DBS Indonesia boosts cross-sectoral corporate collaboration on stronger momentum for economic growth | Bahasa

Indonesia, 11 Feb 2022 - PT Bank DBS Indonesia plays an active role in and contributes to national economic growth through lending to a number of issuers in the oil and gas, energy and natural resources, and property sectors.

Kunardy Lie, Corporate Banking Director, PT Bank DBS Indonesia, said, “As a purpose-driven and positive impact bank, PT Bank DBS Indonesia maintains cross-sectoral strategic partnerships to support Indonesia’s development progress. The national development agendas, particularly in the infrastructure sector, are among the government’s priorities, with the active role of PT Bank DBS Indonesia in channeling credit indirectly supporting development in the oil and gas, energy and natural resources, as well as infrastructure and property sectors. The collaboration also reflects corporate customers’ trust in the bank in managing their funds and business plans.

Recently, PT Bank DBS Indonesia entered into financial partnerships with companies in the natural resources, energy, and oil and gas sectors, including PT PLN (Persero) for a five-year USD500 million club deal facility. The fund will be used to finance part of PLN’s capital expenditure and other general corporate purposes related to power generation projects.

Still in the oil and gas sector, DBS Bank Ltd joined a banking syndicate to provide a loan facility worth USD450 million or the equivalent of IDR6.41 trillion to Medco Energi Global Pte Ltd, a wholly owned subsidiary of PT Medco Energi Internasional Tbk. The other members of the syndicate are ANZ, ING, Morgan Stanley, MUFG, and SCB (as “mandated lead arrangers, underwriters and bookrunners”). The syndicated loan agreement was signed on December 11, 2021.

In the property sector, Bank DBS Indonesia and Bank Permata Tbk provided a five-year term loan facility through a syndicated loan agreement to PT Ciputra Sentra, a subsidiary of PT Ciputra Development Tbk. Ciputra Group is one of the largest property groups in Indonesia that has been working closely with PT Bank DBS Indonesia and DBS Group for a long time. The syndicated loan agreement was signed on November 19, 2021. The total participation of PT Bank DBS Indonesia in the syndication is IDR400 billion of the total funding of IDR900 billion. The loan will be used to refinance PT Ciputra Sentra's investment loan and to finance general corporate purposes.

DBS Group Research¹ highlighted four factors to watch in 2022, namely a) momentum of economic growth and higher inflation next year; b) fiscal and monetary policy is on track to gradually loosen its accommodative bias; c) although already strong and well-supported, external balance will likely improve; and d) focus on the downstream commodity and infrastructure sectors.

“We continue to strive to provide financial solutions for corporate customers through appropriate financing solutions – both in the form of credit lines as well as debt capital market advisory. As economic recovery is gaining pace, we see the opportunity to continue collaboration with more leading issuers in the technology, consumer and health sectors. In the future, we want to provide more banking services that focus on sustainability in accordance with one of our pillars, namely Responsible Business Practice,” said Kunardy Lie, Corporate Banking Director of PT Bank DBS Indonesia.

 

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About DBS
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, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

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.