PT SMI has been actively engaging partnerships with both local and international banks/other financial institutions. This makes it possible for PT SMI to leverage its capital without solely relying on the capital markets. Each institution is a valued partner, and we are grateful to explore more cooperation in the future to further accelerate the infrastructure development in Indonesia.
PT SMI internal policy prohibits the involvement of employees or the company in political activities, including provision funds for political purposes. Until December 31, 2023, there was no funding for political activities. For social and environmental responsibility program, our budget realization in 2023 amounted to IDR 19.5 billion.
PT SMI obtained an offshore Syndicated Sustainability-linked Loans (SLL) amounting USD 700 mio in September 2023. This fundraising are supported by 40+ banking partners originating from Indonesia, Singapore, Japan, Taiwan, India, and South Korea. The process of this facility was supported by Bank of China (Hong Kong), CTBC Bank Co., Ltd, DBS Bank Ltd. Mizuho Bank, Ltd., MUFG Bank Ltd and United Overseas Bank (UOB) as the Mandated Lead Arrangers & Bookrunners (MLAB).
Asian Development Bank is a regional development bank that is headquartered in Philippines. PT SMI obtained a two-step loan from ADB through the Government of Republic of Indonesia, for which channeled to PT SMI’s subsidiary, Indonesia Infrastructure Finance (IIF). In 2022, ADB and PT SMI signed MoU related to Energy Transition Mechanism.
Agence Française de Développement (AFD) is the development bank of France that is focusing to fight poverty and promote sustainable development. AFD and PT SMI signed a loan facility with in 2015 and 2020, with a specific utilization purpose for renewable energy and energy efficiency infrastructure projects.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank headquartered in Beijing, China. PT SMI obtained a Regional Infrastructure Development Fund (RIDF) loan from AIIB and World Bank, amounting USD 100 mio to channel finance for regional government infrastructure projects.
Bank Central Asia (BCA) is the biggest private bank in Indonesia. In March 2020, PT SMI and BCA signed the first loan facility agreement, denominated in IDR, to support PT SMI’s activities in financing infrastructure projects.
Bank of China (BOC) is one of the largest state-owned commercial banks in China. PT SMI and BOC (Jakarta Branch) signed an IDR loan facility in 2019. The purpose of this loan is to support PT SMI in financing infrastructure projects.
Bank Negara Indonesia (BNI) is one of the largest state-owned bank in Indonesia and was the first SOEs to became a public company in 1996. PT SMI and BNI signed IDR loan and treasury facility in 2022 to support PT SMI’s financing activities
Bank Syariah Indonesia (BSI) is the largest stated owned sharia banks in Indonesia. PT SMI and BSI signed IDR sharia loan facility with BSI in May 2023. The facility is intended to support PT SMI’s sharia business unit financing activities.
CTBC Indonesia is a part of CTBC Group, amongst the largest privately owned banks in Taiwan. PT SMI signed the first loan facility with CTBC Indonesia in December 2019. The multicurrency facility (IDR & USD) is intended to support PT SMI’s financing activities.
Danamon is a listed Indonesian bank which majority of the shares are owned by MUFG Bank Ltd. In June 2020, PT SMI signed an IDR loan facility with Danamon, which later converted to multicurrency facility (IDR & USD)
DBS Indonesia is a part of DBS Group, the largest bank in Southeast Asia by assets. Headquartered in Singapore, it operates across 18 markets, including Indonesia. PT SMI signed a revolving credit facility in IDR with DBS Indonesia in early 2020.
HSBC Indonesia is a part of HSBC Group, one of the largest banks in the world, headquartered in Hong Kong. PT SMI signed the first loan facility with HSBC Indonesia in the last quarter of 2019. The IDR facility is intended to support PT SMI’s financing activities.
ICBC Indonesia is a part of ICBC Group, one of the largest banks in the world, headquartered in China. PT SMI signed the multicurrency facility (IDR & USD) with ICBC Indonesia in November 2023. The IDR facility is intended to support PT SMI’s infrastructure financing.
Bank Mandiri is the second largest bank in Indonesia, in terms of total assets. PT SMI and Mandiri signed an agreement in 2017, for a USD loan facility to support PT SMI’s financing activities.
Maybank Indonesia is one of the leading private banks in Indonesia, that is also part of Maybank Group headquartered in Malaysia. PT SMI and Maybank Indonesia signed a USD loan facility agreement in 2018, which also includes a sharia hedging facility.
MUFG Bank, Ltd is Japan's largest bank and one of the world's largest. PT SMI and MUFG Bank, Ltd, (Jakarta Branch) signed a USD loan facility and a structured JPY loan facility in 2018 to support PT SMI’s infrastructure project financing.
Permata Bank is one of the largest private banks in Indonesia that is also part of Bangkok Bank Plc Group from Thailand. PT SMI and Permata Bank signed the first cooperation in June 2020. The IDR loan facility given is intended to support PT SMI’s financing activities.
UOB Indonesia is a part of UOB Group, one of the largest bank in Southeast Asia with more than 500 offices across 19 countries. PT SMI and UOB Indonesia signed USD loan facilities in 2017 and 2018 and an IDR revolving credit facility in 2018.
Bank QNB Indonesia is a part of QNB Group, the largest bank in the Middle East and Africa (MEA) region. PT SMI and QNB Indonesia signed IDR loan facility in July 2021 to support PT SMI’s financing activities.
World Bank is an international financial institution headquartered in Washington D.C. PT SMI obtained financing from World Bank for RIDF loan, in addition to previous facility of two step loan for our subsidiary IIF.
