42905-014: LOAN TO BANK MANDIRI (PERSERO) | Asian Development Bank

Indonesia: LOAN TO BANK MANDIRI (PERSERO)

Nonsovereign (Private) Project | 42905-014 Status: Closed

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.

Project Details

Project Officer
Gunawardhena, Manohari Private Sector Operations Department Request for information
Country
  • Indonesia
Sector
  • Finance
 
Project Name LOAN TO BANK MANDIRI (PERSERO)
Project Number 42905-014
Borrower/Company
Country Indonesia
Location
Type or Modality of Assistance
7282/2432 Loan USD 75.00 million Approved
7282/49 B-Loan USD 225.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Gunawardhena, Manohari
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
Credit Committee Meeting 27 Jun 2008
Approval 29 Jul 2008
PDS Creation Date 07 Feb 2008
Last PDS Update 01 Oct 2014

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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 See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.