Bank Mandiri And DBS Salurkan Loans 33 Million US Dollars For TBS Energi Utama

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk and PT Bank DBS Indonesia are book runners and lead arrangers for a credit agreement worth 33 million US dollars for PT TBS Energi Utama Tbk in a club deal.

The funds were used to acquire a company focused on providing medical waste services in Singapore, Asia Medical Environmental Services (AMES). This funding also aims to support FFB reaching its carbon-neutral target by 2030.

"The company's strategy to acquire AMES is a concrete step and strengthens our commitment to contribute to sustainability, and how FFB can significantly improve the quality of people's lives and the environment in line with the goals of the Towards a Better Society 2030 (TBS2030)," said FFB President Director Dicky Jordan, Wednesday, September 13. He added that FFB will also continue to invest in sustainable infrastructure, renewables such as medical waste management and electric vehicles.

Meanwhile, Bank Mandiri Corporate Banking Director Susana Indah K. Indriati said that her party believes that the role of the financial industry is very important in accelerating the business transition towards more environmentally friendly practices.

"With a wide customer base, Bank Mandiri continues to provide full support to customers and is part of a transitional journey to a low-carbon economy, as well as efforts to have a positive impact on the environment and society," said Susan.

As the largest Wholesale Banking in Indonesia and the ESG Market Leader in Indonesia, continued Susan, Bank Mandiri has aspirations to play an active role in supporting the achievement of the national sustainability target with the vision of "Becoming Indonesia's Sustainability Champion for a Better Future". This strong commitment is realized through the distribution of Sustainable Financing which has reached around 25 percent of the total bank wide credit as of June 2023.

Even specifically for green portfolios, Bank Mandiri has distributed IDR 115 trillion or more than 30 percent of the total Green Portfolio Indonesia, which makes the state-owned bank a market leader on the green portfolio distribution side.

On the other hand, the Director of Bank DBS Indonesia, Kunardy Lie, said that Bank DBS Indonesia also has a strong commitment to supporting customers not only in increasing business, but also plays a role in having a positive impact on the environment and society. According to him, this collaboration strengthens the seriousness of Bank DBS Indonesia in facilitating the company's transition to lower business operations of carbon emissions.

"Our ability to reduce financial emissions is part of the success of our customers' decarbonization efforts, and we are committed to accompanying them during the process," added Kunardy.

Previously, as of July 2023, Bank DBS Indonesia recorded a sustainable financing growth of IDR 4 trillion, an increase of 253 percent from last year, which included the distribution of funds for the energy, real estate, manufacturing and a number of State-Owned Enterprises (BUMN).