">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