25 April 2024
Bank BTPN Affirms Green Economic Commitment with PT Indo-Rama Synthetics Tbk
PT Bank BTPN Tbk (Bank BTPN) has taken significant step in the company's commitment to continue developing comprehensive and innovative financial services, focused on sustainability. This time, Bank BTPN has officially signed $15.000.000 Sustainability Linked Loan Credit Agreement with PT Indo-Rama Synthetics Tbk (Indorama) on April 23rd 2024.
Through this collaboration, Bank BTPN will extend support to Indorama in their endeavours to reduce carbon emissions and adopt environmentally responsible practices. The agreement reflects synergy in realizing the vision of both companies to create a positive impact on the environment and society at large.
Bank BTPN Head of Wholesale, Commercial, and Transaction Banking Nathan Christianto, stated, "We are honored to embark on this journey with Indorama. This collaboration shows our dedication to supporting businesses in their transition towards a more sustainable future.”
Bank BTPN Strategic Efforts to Support Sustainability
In addition to signing the Sustainability Linked Loan Credit Agreement, Bank BTPN is actively contributing to positive impacts on society and the environment through various sustainable financing portfolios. By the end of December 2023, Bank BTPN has disbursed financing amounting to Rp13.74 trillion, including green investments, social loans, green loans, as well as ESG-related mutual funds for various sustainable businesses.
Through these proactive steps, Bank BTPN not only acts as a financial institution, but also plays a significant role in spurring change towards an environmentally friendly economy and creating meaningful lives for the wider community.
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For further information, please contact:
PT Bank SMBC Indonesia Tbk
Andrie Darusman, Communications & Daya Head
Email: [email protected] or [email protected]
SMBC Indonesia in brief
PT Bank SMBC Indonesia Tbk (SMBC Indonesia)—formerly PT Bank BTPN Tbk (Bank BTPN)—is a foreign exchange bank resulting from the merger of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia in February 2019. Driven by the spirit of "Do Good, Be Great," SMBC Indonesia aims to create more meaningful growth for society through innovative and comprehensive financial solutions centred on meeting customers' needs across various segments. SMBC Indonesia provides products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. Additionally, SMBC Indonesia has subsidiaries, including PT Bank BTPN Syariah Tbk, serving customers from productive underprivileged communities, and financing companies PT Oto Multiartha (OTO) for four-wheel vehicles and PT Summit Oto Finance (SOF) for two-wheel vehicles. SMBC Indonesia's commitment to positively and sustainably impacting the broader community is also reflected through Daya. This sustainable and measurable empowerment program offers regular training to enhance personal capabilities and capabilities for a more meaningful life.
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