">Jakarta, 30 July 2024 – PT Indonesia Infrastructure Finance (IIF) reported a net profit growth of IDR 67.1 billion in the first half of 2024, reflecting a 75.6% increase year-on-year compared to IDR 38.2 billion in the first half of 2023. This profit achievement was supported by the company’s interest income in the first half of 2024, which rose by 7.5% to IDR 192.8 billion from IDR 179.4 billion in the previous period.
Reynaldi Hermansjah, President Director of IIF, stated that the performance in the first half of 2024 demonstrates the company’s commitment as a catalyst for sustainable infrastructure development in Indonesia by providing innovative financing solutions and advisory services.
In addition to interest income, the company’s fee-based income also grew by 83.7% to IDR 62.7 billion, while advisory service revenue increased by 71.9% to IDR 12.7 billion compared to IDR 7.4 billion in the same period last year.
The company’s investment assets were recorded at IDR 13.1 trillion, with the largest sectors being renewable energy (24% of total investment assets), telecommunications and information (22%), and toll roads (13%). As of June 30, 2024, IIF had booked new commitments totaling IDR 1.6 trillion, diversified across several sectors such as water infrastructure, gas, toll roads, and regional infrastructure. During the same period, IIF received the highest domestic credit rating of idAAA from Pefindo and AAA(idn) from Fitch Ratings. Additionally, it earned a global credit rating of BBB from Fitch Ratings and an ESG rating of 2 from Sustainable Fitch.
Awards Received
In July 2024, IIF received several international awards, including “Innovative Deal of the Year – Indonesia” and “Sustainability Bond of the Year – Indonesia” at the Asian Banking Finance (ABF) Awards 2024. Furthermore, IIF was honored with the “Renewable Energy Deal of The Year” and “Hydro & Water Deal of The Year” at The Asset Triple A Sustainable Infrastructure Awards 2024.At the national level, IIF received the Kehati Awards 2024 for “Best Investor/Debt Financing.” These awards are a testament to IIF’s commitment to supporting sustainable 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 |