Indonesia: LOAN TO BANK MANDIRI (PERSERO)

Nonsovereign Project | 42905-014

Summary

The transaction provides to Bank Mandiri (Persero) a loan of up to US$ 300 million, of which US$75 million is funded by ADB (A Loan) and up to US$ 225 million is funded by commercial banks (B Loan) under participation agreements between ADB and such banks.

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Consulting Notices

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Project Name LOAN TO BANK MANDIRI (PERSERO)
Project Number 42905-014
Borrower/Company BANK MANDIRI (PERSERO)
Country Indonesia
Location Indonesia
Approval Number 7282/49, 7282/2432
Type or Modality of Assistance
7282/2432 Loan USD 75.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Paul Robert Flegler
Project Sponsor(s)
Description The transaction provides to Bank Mandiri (Persero) a loan of up to US$ 300 million, of which US$75 million is funded by ADB (A Loan) and up to US$ 225 million is funded by commercial banks (B Loan) under participation agreements between ADB and such banks.
Objectives and Scope
Linkage to Country/Regional Strategy To support the Government of Indonesia's goal and drawing lessons learned, ADB has outlined its intention to focus on (i) development of infrastructure, (ii) promotion of decentralization, (iii) reduction of regional disparities, (iv) enhancement of natural resource management, and (v) reform of the financial sector. Given the core objectives to develop infrastructure, promote decentralization and reform the financial sector, the proposed investment in Mandiri is directly in line with ADB's Country Partnership Strategy for Indonesia and is also in line with the direction of ADB's Long Term Strategic Framework.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 05 Feb 2008
Due Diligence 29 Feb 2008
Credit Committee Meeting 27 Jun 2008
Approval 29 Jul 2008
PDS Creation Date 07 Feb 2008
Last PDS Update 01 Oct 2014
Title Document Type Document Date
Senior Secured Syndicated Loan Bank Mandiri (Persero) Extended Annual Review Reports Oct 2013
Proposed Loan to Bank Mandiri (Persero) Reports and Recommendations of the President Jul 2008

Safeguard Documents

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Evaluation Documents

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