Q1 2025, IIF Records 63% Profit Growth

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Jakarta, 22 May 2025 – PT Indonesia Infrastructure Finance (IIF) recorded a 63% year-on-year (YoY) growth in net profit in the first quarter of 2025, reaching
IDR 52.8 billion compared to IDR 32.5 billion in the same period of the previous year. This achievement was supported by a
14% increase in net interest income, which rose to IDR 339.0 billion from
IDR 297.7 billion.

Chief Investment Officer IIF, M. Ramadhan Harahap (Idhan), stated, “This reflects the effectiveness of our financing strategy, as catalyst and solution provider which complements advancing national infrastructure development, while also continuing to maintain operational efficiency amidst economic dynamics”.

In terms of efficiency, interest expenses were reduced by 5% to IDR 190.8 billion and provisions decreased by 15%, further supporting the net profit increase.

As of March 2025, IIF financed projects have made a significant impact on millions of people. In the renewable energy sector, IIF supported the development of power plants with a total capacity of 710.9 MW, serving over 710,000 households or approximately 3.55 million people, while reducing carbon emissions by 4.931 million tons of CO₂ equivalent per year an amount comparable to the carbon absorption capacity of more than 173,000 trees.

In the drinking water sector, IIF’s projects have provided a total clean water distribution capacity of 27,501 liters per second, benefiting around 1.39 million households or more than 6.78 million people across various regions. In the healthcare sector, IIF financed facilities that now offer 1,051 inpatient beds and serve approximately 351,000 outpatient visits annually.

“We believe that infrastructure development must go hand in hand with sustainability. That is why we continue to innovate our financing products and embed ESG principles into every aspect of IIF’s business activities”, Idhan added.

With a solid financial foundation and a proven track record of social impact, IIF strives to continue its role as a strategic partner to both the government and private sector in building a greener, more inclusive, and competitive future for Indonesia.

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]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF Holds AGMS for Fiscal Year 2024

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Jakarta, 29 April 2025 – PT Indonesia Infrastructure Finance (IIF) held its Annual General Meeting of Shareholders (AGMS) on Tuesday, 29 April 2025. The meeting discussed and approved five (5) agendas, including the approval of the Company’s 2024 Annual Report and Financial Statements — which also included the Supervisory Report of the Board of Commissioners — for the fiscal year ended 31 December 2024, as well as the appropriation of the Company’s 2024 net profit.

In 2024, the Company recorded a net profit growth of 17.63% to IDR 122.51 billion compared to IDR 104.15 billion in 2023, or 2.07% above the 2024 budget target of IDR 120.03 billion. This net profit achievement was supported by an increase in the Company’s operating income in 2024, which rose by 3.70% to IDR 1.39 trillion compared to IDR 1.34 trillion in 2023.

The compound annual growth rate (CAGR) of IIF’s revenue and net profit over the past five years reached 11% and 30%, respectively. In terms of capitalization, IIF’s average annual growth rate over the same period reached 11%.

Head of Legal & Corporate Secretary IIF, Nastantio W. Hadi stated, “Throughout 2024, the Company played an important role in advancing sustainable infrastructure financing. Total new financing commitments increased by 13.52% to IDR 3.93 trillion compared to IDR 3.46 trillion in 2023. These financing commitments covered sectors such as clean water, special economic zones, toll roads, telecommunications, social infrastructure, and gas infrastructure”.

From advisory services, the Company secured 10 new mandates with a total contract value of IDR 39 billion, consisting of 6 mandates for ESG advisory services, 3 mandates for financial advisory services, and 1 mandate for equity divestment advisory.

With a strong financial foundation and a firm commitment to ESG principles, IIF is well-positioned to support the acceleration of national infrastructure development, driving inclusive and sustainable economic growth.

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]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

Advanced Infrastructure, Growing Economy: IIF’s Financing Solutions for the Nation

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Jakarta, 28 April 2025 – The government’s drive to accelerate national infrastructure progress underscores a growing demand for sustainable and reliable financial resources. PT Indonesia Infrastructure Finance (IIF) emerges as a driving force in addressing these financing gaps for key infrastructure initiatives throughout Indonesia.

As a trusted institution that upholds principles of sustainability and good governance, IIF offers a variety of financing schemes and advisory services to support the feasibility and sustainability of infrastructure projects. These include:

1. Fund-Based and Non-Fund-Based Financing for both public and private infrastructure projects.
2. Advisory Services: Technical and financial assistance to ensure that projects are executed effectively, efficiently, and in line with ESG (Environmental, Social, and Governance) standards.

IIF focuses on a wide range of key sectors such as electricity, telecommunications, toll roads, water and waste, gas infrastructure, airports, seaports, social infrastructure, tourism infrastructure, railways, and public transportation.

Chief Investment Officer of IIF, M. Ramadhan Harahap (Idhan), stated that “IIF’s business adopts a sustainability-based approach. When delivering services to clients, we do not only assess the economic potential of a project, but also its environmental and social impact. We believe this aligns with the global commitment towards low-carbon and inclusive development.”

With a strong commitment to building the nation through sustainable infrastructure development, IIF continues to strengthen its role as a strategic partner in financing and developing impactful projects. Through cross-sector collaboration and adherence to sustainability principles, IIF remains optimistic in contributing to inclusive, equitable, and competitive national economic growth.

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]
Social Media:
Instagram: @pt_iif
LinkedIn: IndonesiaInfrastructureFinance

IIF’s Strategic Roles in Supporting the Digital Economy

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Jakarta, 14 April 2025 – In the current era of digital transformation, telecommunication and information infrastructure has become the main foundation for digital-based economic growth. The e-Conomy SEA 2024 report released by Google, Temasek, and Bain & Company estimates that the gross transaction value (GMV) of all digital economic activities in Indonesia will grow from US$80 billion in 2023 to US$90 billion in 2024. The growth rate of Indonesia’s digital economy will continue to persist until 2030, which is estimated to reach US$360 billion (Rp5,680 trillion).

As a catalyst for sustainable infrastructure development, PT Indonesia Infrastructure Finance (IIF) also plays a role in supporting the strengthening of the national digital economy through a series of strategic steps in providing investment financing in the sector.

Chief Investment Officer of IIF, M. Ramadhan Harahap (Idhan) said, “Until 2024, IIF has provided financing of more than Rp3.1 trillion for the telecommunications and information sector. Various sectors, ranging from the construction of submarine fiber optic cables connecting Jakarta and Singapore, the construction of BTS (Base Transceiver Station) towers, to satellites, have been supported to strengthen digital connectivity and expand the reach of telecommunications services throughout Indonesia.”

Most recently, IIF collaborated with PT Smartfren Telecom Tbk (Smartfren) and PT Smart Telecom (Smartel) to sign a syndicated loan agreement worth Rp10 trillion on 14 November 2024. As one of the lead arrangers, IIF received a credit disbursement portion of Rp500 billion.

Idhan added that the development of telecommunications and information infrastructure also helps reduce the digital divide between urban and rural areas. With wider internet access, people in remote areas can access education, health services, and wider economic opportunities.

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]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF’s Role to Supports Clean Water Access in Indonesia

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Jakarta, 24 Maret 2025 – PT Indonesia Infrastructure Finance (IIF) actively contributes to increasing access to clean water for the Indonesian people, in line with the government’s commitment to achieving Sustainable Development Goal (SDG) 6, namely access to clean water and sanitation for all. IIF realizes that the availability of clean water is an important foundation for the health, welfare, and economic development of a nation.

According to a survey by Indonesia Central Bureau of Statistics in 2024, access to drinking water in Indonesia reaches 92.64 percent. This suggests that only 9 out of 10 households in Indonesia have access to drinking water. One of the main solutions to address this gap is through the development of Drinking Water Supply Systems (SPAM). SPAM is a system consisting of drinking water production facilities, water treatment systems, water storage systems, and water distribution systems used to ensure the availability of safe and quality drinking water to the community.

Chief Investment Officer of IIF, M. Ramadhan Harahap, said, “We believe that collaboration is the key to achieving the availability of clean water access in Indonesia. Several SPAM development projects that we are working on are carried out through Public-Private Partnership (PPP), therefore allowing us to combine expertise and resources from both parties, along with the share risks and benefits proportionally. With the PPP scheme, we can ensure that the supported SPAM projects are not only financially viable but is able to provide optimal social and environmental benefits for the community.”

Up to 2024, IIF has been involved in various strategic projects across different regions in Indonesia. One example is the SPAM project in Bandar Lampung with a clean water treatment capacity of 750 Lps (liters per second), which is expected to improve the clean water supply for the surrounding residents. Additionally, IIF has also carried out the construction and operation of a 450 Lps clean water treatment plant in Dumai City.

IIF’s involvement in these projects demonstrates the Company’s strong commitment to supporting sustainable infrastructure development and providing a positive impact on society. Through the provision of innovative and sustainable financing, IIF strives to support the achievement target of 100% access to clean water in Indonesia by 2030.

IIF’s support of clean water sector not only contributes to the achievement of SDG 6 but presents positive impact on other SDGs, such as SDG 3 (good health and well-being), SDG 11 (sustainable cities and settlements), and SDG 17 (partnerships to achieve goals). In summary, IIF’s role in supporting the availability of clean water is an integral effort to achieve sustainable development in Indonesia.

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]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

Strengthening Business, IIF Obtains NCL and Forex Line Facilities from BRI

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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]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF and FinDev Canada Partner to Expand Access for Sustainable Infrastructure Development

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Jakarta, 24 February 2025 – PT Indonesia Infrastructure Finance (“IIF”) in partnership with Development Finance Institute Canada (DFIC) Inc. (“FinDev Canada”) to co-develop business opportunities and implement initiatives in the sustainable infrastructure sector.
The partnership was formalized through the signing of a Memorandum of Understanding (MoU) by Rizki Pribadi Hasan, Interim President Director & Chief Financial Officer IIF, and Lori Kerr, CEO FinDev Canada.
FinDev Canada is a leading international financial institution that provides financing, investment, and blended finance solutions, as well as technical assistance and advisory services, to support sustainable and inclusive growth in developing economies and markets.

Rizki stated, “This collaboration between IIF and FinDev Canada can lead to joint projects in areas such as sustainable infrastructure finance. Furthermore, this partnership can unlock greater investment opportunities from Canada into IIF and Indonesia’s infrastructure sector. Since its establishment in 2010, IIF has disbursed 150 financing deals for infrastructure projects worth Rp42.5 trillion.”

Throughout 2024 to date, IIF has received various domestic and international awards in the fields of governance and sustainability, including:
•ESG Awards 2024 by Kehati in the Best Investor/Debt Financing category,
•18th Annual Borrower Issuer Awards 2024 category Best Green Perpetual Bond in Southeast Asia 2024.
•CorporateTreasurer Awards 2024 in the Best ESG Service Provider and Best ESG Initiative categories.
•Asia Sustainability Report Rating (ASRRAT) 2024 with a Gold Rank.
•Asian Banking & Finance Awards 2024 in the Innovative Deal of the Year Indonesia and Sustainability Bond of the Year Indonesia categories, Alpha Southeast Asia category,
•18th Annual Borrower Issuer Awards 2024.
•FinanceAsia Achievement Awards 2024 in the Best Project Finance Deal – Southeast Asia Market Winner, Best Project Finance Deal – Indonesia Winner, Best Issuer – Financial Institutions categories.

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]
Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance

IIF Records 17.63% Net Profit Growth in 2024

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Jakarta, 20 February 2025 – PT Indonesia Infrastructure Finance (IIF) managed to record net profit growth in 2024 of 17.63% to IDR122.51 billion compared to IDR104.15 billion in 2023. The achievement of net profit was supported by the Company’s operating income in 2024 which increased by 2.90% to IDR1.37 trillion compared to IDR1.33 trillion in 2023. The increase in the Company’s operating income in 2024 was dominated by the non-interest income where the Company managed to record IDR193.59 billion. The achievement of non-interest income increased by 84.51% compared to IDR104.92 billion in 2023.

Interim Chief Executive Officer/ Chief Financial Officer of IIF, Rizki Pribadi Hasan said, “The growth in the Company’s operating income was largely contributed by other provision and commission income which grew by 85.36% to IDR146.55 billion and advisory service income which grew by 38.17% to IDR32.05 billion in 2024″.

The Company’s investment assets in 2024 were recorded at IDR12.35 trillion with the addition of 11 new commitments worth IDR3.93 trillion. With regards to the Company’s liabilities in 2024, it was recorded to have decreased by 10.83% to IDR11.34 trillion compared to IDR12.72 trillion in 2023.

The Company recorded equity growth in 2024 of 38.63% to IDR3.31 trillion compared to IDR2.39 trillion in 2023. IIF has successfully obtained the equity growth through the issuance of Green Perpetual Notes of IDR335.19 billion in January 2024 and additional capital from existing shareholders of IDR545 billion in December 2024.

This additional equity also strengthened the Company’s capital adequacy ratio (CAR) to 35%. With a very adequate CAR position, the Company has optimal financial capacity to develop its investment portfolio, and can increase the Company’s capacity to manage financial risks and face market volatility more adaptively. The Company’s healthy financial structure also strengthens the credibility and shareholders’ trust in the Company’s performance in sustainable infrastructure financing.

Rizki added that the Company has taken a number of strategic steps in responding to business dynamics in 2024, including implementing cost reduction initiatives to reduce overall operating costs.

In addition, the Company also continues to optimize the management of risk and return aspects of its financing portfolio. The provision budget allocation of IDR120 billion has been optimized with a realization of IDR98 billion, thus providing a positive contribution to net income.

IIF strong 2024 performance was recognized with a diverse range of national and international awards, including:
• ESG Awards 2024 by Kehati in the Best Investor/Debt Financing category,
• 18th Annual Borrower Issuer Awards 2024 in the Best Green Perpetual Bond in Southeast Asia 2024 category,
• Corporate Treasurer Awards 2024 in the Best ESG Service Provider and Best ESG Initiative categories,
• Asia Sustainability Report Rating (ASRRAT) 2024 with a Gold Rank,
• Asian Banking & Finance Awards 2024 in the Innovative Deal of the Year – Indonesia and Sustainability Bond of the Year – Indonesia categories.

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 (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;
Email: [email protected]

Social Media:
Instagram: @pt_iif
LinkedIn: IndonesiaInfrastructureFinance

IIF Receives “AAA(idn)” from Fitch Ratings

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Jakarta, 31 January 2025 – PT Indonesia Infrastructure Finance (IIF) has been assigned National Long-Term Rating of ‘AAA(idn)’ with a stable outlook , a testament to its strong financial standing. Furthermore, Fitch has awarded IIF an International Long-Term Foreign & Local Currency Rating of ‘BBB’.

The ‘AAA(idn)’ National Rating is the highest achievable rating on Fitch’s National Rating scale for Indonesia. This indicates the lowest expected default risk compared to other entities. It signifies IIF’s exceptional ability to meet its financial obligations in a timely manner relative to other entities within the same country or monetary union area, based on Fitch’s National Rating scale.

Fitch views IIF as a critically important entity for the Indonesian government, particularly in supporting infrastructure development. Consequently, Fitch is confident that, if necessary, the Indonesian government would provide full support to IIF, resulting in IIF’s credit rating being aligned with that of the Indonesian sovereign.

Interim Chief Executive Officer/ Chief Financial Officer IIF, Rizki Pribadi Hasan, highlighted that these ratings reflect IIF’s pivotal role as a catalyst for sustainable infrastructure development. “Since IIF establishment in 2010 up until 2024, IIF has executed over 150 infrastructure financing commitments, amounting to IDR42.5 trillion. Additionally, IIF successfully issued the Indonesia Infrastructure Finance Green Perpetual Notes 2023 with a total issuance value of IDR335.19 billion on 10 January 2024.”

Rizki further emphasized that infrastructure development involves more than just financial considerations; it also encompasses social and environmental impacts. To address this, IIF has adopted international best practices in credit management, risk management, and all aspects of corporate governance, as well as social and environmental safeguards, to ensure the sustainability of infrastructure development in Indonesia.

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]

Social Media:
•Instagram: @pt_iif
•LinkedIn: IndonesiaInfrastructureFinance