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CIMB Niaga Sr.

Sector: Government • Location: Indonesia

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project is to provide long-term financing in the form of a senior loan to PT Bank CIMB Niaga Tbk (“CIMB Niaga” or the “Bank”), to support the Bank’s mortgage lending business.CIMB Niaga was incorporated in Indonesia in 1955 under the name of Bank Niaga, and was listed on the Indonesia Stock Exchange in 1989. In 2002, CIMB Group acquired a majority control stake in the Bank. CIMB Niaga

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The project “CIMB Niaga Sr.” is an infrastructure initiative in the Government sector, located in Indonesia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

The proposed project is to provide long-term financing in the form of a senior loan to PT Bank CIMB Niaga Tbk (“CIMB Niaga” or the “Bank”), to support the Bank’s mortgage lending business.CIMB Niaga was incorporated in Indonesia in 1955 under the name of Bank Niaga, and was listed on the Indonesia Stock Exchange in 1989. In 2002, CIMB Group acquired a majority control stake in the Bank. CIMB Niaga is today Indonesia’s 5th largest bank in terms of assets and operates a full-fledged universal platform offering retail, SME and corporate banking services. In addition to traditional banking products, the Bank also has a growing franchise in microfinance and Sharia banking.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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