Hana Short Term

completed

_x000C_The proposed project seeks to support PT Bank Hana (“Hana Indonesia”, the “Bank”, or the “Company”), an IFC investee bank and a wholly owned subsidiary of Hana Bank Korea, by providing a short term finance facility of up to $8 million. The tenor of the facility will be up to 360 days with an option to be renewed annually up to two times subject to satisfactory performance. The project would represent IFC’s commitment to support its long-term partner, particularly in: - Strengthening Hana Indonesia’s position in trade finance; and - Supporting the pre-export, post-export, and working capital financing needs of Hana Indonesia’s clients, export oriented SMEs The project is aligned with IFC’s strategic priority of building long-term partnerships with emerging global players in developing countries and is in line with IFC Indonesia Financial Markets strategy to strengthen the banking sector by bringing international best practice to better serve SMEs. The project is also expected to promote further trade relationships mainly between Indonesia and Korea by supporting the supply chain financing needs of Indonesian exporters.