China Construction Bank provides IDR 250 billion loan to PT Mandiri Utama Finance for working capital purposes

$17.86M USD

Funder	PT Bank China Construction Bank Indonesia
Recipient Organization	PT Mandiri Utama Finance (MUF)
Country	Indonesia
Start Date	Feb 22, 2022
End Date	Aug 28, 2026
Duration	1,648 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`105170`

Grant Description

China Construction Bank provides IDR 250 billion loan to PT Mandiri Utama Finance for working capital purposes On February 22, 2022, PT Bank China Construction Bank Indonesia, Tbk. (CCBI) signed an IDR 250 billion non-revolving working capital loan facility agreement with PT Mandiri Utama Finance (MUF) — an Indonesian company engaging in the financing of goods such as motor vehicles that is a subsidiary of PT Bank Mandiri (Persero) Tbk, an Indonesian state-owned bank (51% shareholding) — for working capital purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarried an interest rate of 6

On March 7, 2022, MUF withdrew IDR 50 billion from the facility. The final availability date was August 22, 2022. As of December 31, 2022, the loan balance outstanding was IDR 585,408,000,000.

📚 Sources & References

PT Bank Mandiri (Persero) Tbk Annual Report 2022
Annual report 2023 Bank Mandiri Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.