BTPN MSME Loan

completed

 The project, which bodes well with IFC’s financial inclusion agenda in Indonesia, involves a loan facility to PT. Bank Tabungan Pensiunan Nasional Tbk. (“BTPN” or the “Bank”). The proceeds will be used to fund the growth of the Bank’s micro and small and medium enterprises (“MSMEs”) businesses and loans to women borrowers. This facility will in turn allow BTPN to increase access to finance for the segments of the population that are currently underserved. As the facility will have a longer tenor than usual deposits, the project will also help BTPN to strengthen its balance sheet structure by reducing its asset-liability maturity mismatch. BTPN is a mid-size commercial bank in Indonesia and is a valued client of IFC since 2009. The Bank, which business model centers around financial inclusion, targets low income pensioners, MSMEs and women entrepreneurs at the base of the pyramid. Since 2014, the Bank has increased its focus on digitization and adoption of technology to increase banking outreach to people in remote areas.