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China Construction Bank provides IDR 45 billion loan to PT Permodalan Nasional Madani for unspecified purposes
| Funder | China Construction Bank Corporation (CCB) |
|---|---|
| Recipient Organization | PT Permodalan Nasional Madani (Persero) (PNM) |
| Country | Indonesia |
| Start Date | Nov 23, 2023 |
| End Date | Aug 29, 2033 |
| Duration | 3,567 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 108345 |
Grant Description
China Construction Bank provides IDR 45 billion loan to PT Permodalan Nasional Madani for unspecified purposes On November 23, 2023, PT Bank China Construction Bank Indonesia Tbk provided an IDR 45 billion installment loan facility to PT Permodalan Nasional Madani (Persero) (PNM) — an Indonesian state-owned microfinancing company and subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, an Indonesian state-owned bank — for unspecified purposes.
The borrower was required to adhere to the following financial covenants: maintain a quality of collateral coverage ratio of at least 100%, maintain a gearing ratio of a maximum of 8x, and maintain a non-performing loan Mekaar maximum of 3%.
Sources & References
- PT Bank Rakyat Indonesia (Persero) Tbk and its Subsidiaries Interim consolidated financial statements as of March 31, 2023 and for the three-month period then ended
- PT Bank Rakyat Indonesia (Persero) Tbk and its Subsidiaries Consolidated financial statements as of December 31, 2023 and for the year then ended with independent auditor’s report 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.
All Grantees
PT Permodalan Nasional Madani (Persero) (PNM)
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