Bank of Banks
Sector: Raw Materials • Location: Indonesia
Source: International Finance Corporation (IFC)
_x000C_The project involves establishing the first microfinance wholesale bank in Indonesia, Bank of Banks (BoB or the Bank), which will serve the vast and under-served Indonesian microfinance institutions (MFIs). The wholesale bank will provide full-fledged financial products and services, which are currently unavailable to thousands of qualified MFIs throughout the country. Subsequently, working
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | _x000C_The project involves establishing the first microfinance wholesale bank in Indonesia, Bank of Banks (BoB or the Bank), which will serve the vast and under-served Indonesian microfinance institutions (MFIs). The wholesale bank will provide full-fledged financial products and services, which are currently unavailable to thousands of qualified MFIs throughout the country. Subsequently, working in partnership with the wholesale bank, MFIs will be able to extend a range of innovative financial products to their clients, the micro enterprises, including remittances, micro-insurance and technology-enabled services including ATMs and E-banking. The project involves an IFC’s equity investment of up to $5 million equivalent to participate in the purchase of the license of a small local commercial bank, PT Bank Sri Partha (BSP), and to provide seed capital to allow a start up operation of BoB. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
