Jakarta, 30 October 2024 – PT Indonesia Infrastructure Finance (“IIF”) has announced a 61% rise in net profit for the third quarter of 2024, reaching Rp96.8 billion, compared to Rp60.3 billion from the previous year. This increase was fueled by a 146% growth in non-interest income, totaling Rp147.1 billion, primarily sourced from treasury management, investments, and advisory services.

As of Q3 2024, IIF’s investment assets totaled Rp11.9 trillion, encompassing 54 financed projects, with total assets reaching Rp13.7 trillion. The company has also secured five new commitments valued at Rp1.9 trillion.

In July 2024, IIF formed a partnership with Millennium Challenge Account- Indonesia II (MCA-Indonesia II) through the signing of a Blended Finance Delivery Mechanism (BFDM). This collaboration aims to significantly enhance contributions to sustainable infrastructure development  in Indonesia.

IIF Chief Financial Officer, Rizki Pribadi Hasan stated, “The company is dedicated to implementing its business strategy, focusing on developing sustainable infrastructure projects that positively impact the national economy. In order to support future growth, IIF is also strengthening funding, including through the issuance of bonds of IDR 1 trillion with varying terms, including a long term of 10 years”.

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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