Jakarta, 26 February 2025 – PT Indonesia Infrastructure Finance (IIF) has obtained a Non-Cash Loan (NCL) facility worth IDR500 billion and a Forex Line facility worth USD50 million from PT Bank Rakyat Indonesia (Persero) Tbk (BRI). This facility will strengthen IIF’s ability to provide guarantees to third parties and support financing for strategic sustainable infrastructure projects in Indonesia.
Interim President Director & Chief Financial Officer of IIF, Rizki Pribadi Hasan said, “We would like to thank BRI for the support provided through this NCL and Forex Line facility. This facility will be very useful for IIF in increasing our financing capacity, especially in providing guarantees to clients involved in infrastructure projects. In addition, the Forex Line facility will help us manage foreign exchange risks related to project financing”.
For information, this NCL Facility allows IIF to issue various guarantee instruments such as Bank Guarantees, Letters of Credit (L/C) and Standby L/C (SBLC) needed by IIF’s clients. With the guarantee from IIF, clients will be more confident in implementing the infrastructure projects they are working on. Meanwhile, the Forex Line facility will provide flexibility for IIF in conducting foreign exchange transactions related to financing infrastructure projects.
This collaboration between IIF and BRI is one of the strategic steps for IIF in strengthening its position as a leading infrastructure financing company in Indonesia. Through collaboration and support from BRI, IIF is confident that it can continue to contribute to sustainable infrastructure development in Indonesia.
Achieved Positive Performance in 2024
IIF’s commitment as an enabler in sustainable infrastructure development in Indonesia is further strengthened by its positive performance. It was recorded that in 2024, IIF managed to achieve a net profit growth of 17.63% to IDR122.51 billion compared to IDR104.15 billion in 2023.
The achievement of net profit was supported by IIF’s operating income in 2024 which increased by 2.90% to IDR1.37 trillion compared to IDR1.33 trillion in 2023. The increase in operating income in 2024 was dominated by non-interest income where the Company managed to record IDR193.59 billion. This non-interest income achievement increased by 84.51% compared to 2023 of IDR104.92 billion.
IIF also recorded equity growth in 2024 of 38.63% to IDR3.31 trillion compared to 2023 of IDR2.39 trillion. This additional equity also strengthened IIF’s capital adequacy ratio (CAR) to 35%. With a adequate CAR position, IIF has optimal financial capacity to develop its investment portfolio, and can increase its capacity to manage financial risks and deal with market volatility adaptively.
PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).
In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.
Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]
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