PT Bank Internasional Indonesia Tbk

completed

_x000C_PT Bank Internasional Indonesia Tbk (BII or the Bank) is the sixth largest bank in Indonesia. The Bank became a publicly listed company in 1989. Following the financial crisis in 1997, the Bank was taken over and recapitalized by the Indonesian government. In late 2003 the government sold 56.8% of the Bank’s shares to Sorak Financial Holdings, a consortium of foreign banks and investors led by Asia Financial Holdings (a subsidiary of Temasek Holdings - Singapore). The Bank’s management control was also transferred to the consortium at the time of the sale of the equity. The project consists of a medium term credit facility in Indonesian Rupiah, which amount of facility will equal up to $125 million based on exchange rate value of the disbursement date to BII. The proceeds of IFC loan will be used by BII primarily to finance small and medium enterprises (SME) in Indonesia directly or through the Bank’s affiliates.