BOC Jakarta Bank provides a Rp575 billion loan to Bank Mandiri of Indonesia

$41.07M USD

Funder	Bank of China (BOC)
Recipient Organization	PT Bank Mandiri (Persero) Tbk
Country	Indonesia
Start Date	Jan 01, 2018
End Date	Aug 29, 2032
Duration	5,354 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`89373`

Grant Description

BOC Jakarta Bank provides a Rp575 billion loan to Bank Mandiri of Indonesia On March 29, 2018, Bank Mandiri and PT Bank of China (BOC) signed a loan agreement where BOC provide a term loan facility with a total limit equivalent to Rp575,000,000,000 at drawdown which is non-revolving and bears interest rate of 9.25%.

The facility will be matured on December 24, 2021.

📚 Sources & References

2020 Annual Report (Indonesian), 2020 Annual Report, 2018 Annual Report (Indonesian), 2018 Annual Report
Annual report 2019 Bank Mandiri
Annual report 2021 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.