Returning To Syndication, Bank Muamalat Directly Becomes A Mandated Lead Arranger Financing To Pelindo

Illustration (Photo: Doc. Antara)

JAKARTA PT Bank Muamalat Indonesia Tbk. is said to have participated in syndicated financing to PT Pelabuhan Indonesia (Pelindo) worth a total of 750 million dollars with an acordion option of 250 million US dollars.

Bank Muamalat Director of Wholesale Banking Officer Irvan Y. Noor said the company, in this case, acted as a mandated lead arranger (MLA) and was appointed as an agent of sharia financing facilities with a financing portion of 100 million US dollars.

"This participation further strengthens Bank Muamalat's portfolio in the corporate financing segment," he said in a written statement on Friday, December 23.

According to Irvan, the company's role is expected to have a positive impact on the national Islamic banking industry.

"We continue to be actively committed to supporting national development, especially in the infrastructure sector," he said.

Irvan added, as the first bank of pure sharia, his party is optimistic that it can encourage market confidence in Bank Muamalat.

"Participation in the syndicate to Pelindo is expected to pave the way for further syndicates," he stressed.

Meanwhile, a number of banks that are included in this financing include Bank Mandiri, BTPN, and Bank OCBC NISP. The signing of the cooperation was carried out today Friday, December 23, 2022, in Pelindo Tower, North Jakarta.

This fund is planned to be used by Pelindo for capital expenditure (capex) and investment needs. This financing uses the marriage contract with a tenor for 60 months," continued Irvan.

For information, in the third quarter of 2022, Bank Muamalat recorded a Profit Before Tax (PBT) of IDR 40 billion. The score recorded a jump of 332 percent on an annual basis or year on year (yoy).

Meanwhile, total assets are known to grow by 15 percent from IDR 52.1 trillion to IDR 59.7 trillion, which is accompanied by a non-performing financing (NPF) ratio, which is maintained at the level of 0.65 percent.