Bank DBS Indonesia channels Rp2 trillion loan to Bukalapak

19 November 2021 14:14

JAKARTA - PT Bank DBS Indonesia (Bank DBS Indonesia) has officially announced the distribution of loan funds amounting to Rp 2 trillion to the all-commerce technology company, PT Bukalapak.com Tbk. (BUKA) at the signing of the cooperation agreement on November 12, 2021.

This loan fund is an uncommitted revolving short-term loan with a tenor of one year until November 12, 2022, with a loan agreement made without any special guarantees or collateral. This collaboration is the largest loan facility provided by Bank DBS Indonesia to e-commerce players, as well as marking the first loan ever received by Bukalapak.

Kunardy Lie, Corporate Banking Director of PT Bank DBS Indonesia said, “This is a historic transaction for us and also for the all-commerce technology industry in Indonesia. This is a very special transaction – a loan agreement with a significant value and given to the country's first e-commerce company that has been listed on the Indonesia Stock Exchange, to develop its business.”

As a bank that understands customer needs, Bank DBS Indonesia provides various banking facilities for corporate customers, including SMEs. This also strengthens Bank DBS Indonesia's commitment to adopting open banking by synergizing with marketplaces, payment system service providers, fintech, or other digital industry players. (LM)

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