International Finance Corporation (IFC), a member of the World Bank Group has increased its stake in Bank Hana Indonesia worth U.S. $ 12.5 million.
"Additional investment in Hana Bank aims to develop banking products and services for small and medium business growth," said IFC Country Manager for Indonesia, Sarvesh Suri in Jakarta, Tuesday (10/09/2012).
In addition, IFC has also converted an investment fund worth U.S. $ 15 million to a 3% stake in BTPN. "This is a form of support IFC to develop SME business in Indonesia," said Sarvesh.
In addition to the bank, IFC also has some other excellent projects by placing its investment in PT Medco Power Indonesia, independent energy generation company premises, at 11%. "The project is to provide environmentally friendly electricity obtained from hydropower and natural gas to more than 2 million families in Indonesia," he said.
IFC also invested U.S. $ 25 million for a private equity fund focusing on Indonesia projects managed by Falcon House Capital Management Ltd.
Recently, IFC also provided loans worth U.S. $ 55 million to Wintermar to support the company's growth strategy to increase its market share in serving the oil and gas industry in the region's growing offshore eastern Indonesia. [hid]
"Additional investment in Hana Bank aims to develop banking products and services for small and medium business growth," said IFC Country Manager for Indonesia, Sarvesh Suri in Jakarta, Tuesday (10/09/2012).
In addition, IFC has also converted an investment fund worth U.S. $ 15 million to a 3% stake in BTPN. "This is a form of support IFC to develop SME business in Indonesia," said Sarvesh.
In addition to the bank, IFC also has some other excellent projects by placing its investment in PT Medco Power Indonesia, independent energy generation company premises, at 11%. "The project is to provide environmentally friendly electricity obtained from hydropower and natural gas to more than 2 million families in Indonesia," he said.
IFC also invested U.S. $ 25 million for a private equity fund focusing on Indonesia projects managed by Falcon House Capital Management Ltd.
Recently, IFC also provided loans worth U.S. $ 55 million to Wintermar to support the company's growth strategy to increase its market share in serving the oil and gas industry in the region's growing offshore eastern Indonesia. [hid]
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