Overview

ICBC provides Rp500B working capital loan to PT Bahari Makmur Sejati for seafood processing

Commitments (Constant USD, 2023)$35,347,409

Commitment Year•2018Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2018

Start (actual): Jan 1, 2018

End (actual): Dec 31, 2018

Geospatial footprint

Map overview

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The project provides financing for seafood processing for PT Bahari Makmur Sejati (BMS Foods), headquartered in Kawasan Industri ModernCikande Industrial Estate, 68km outside of Jakarta. More detailed locational information can be found at https://www.openstreetmap.org/way/694731495#map=15/-6.1914/106.3229

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

State-owned companies

PT Bahari Makmur Sejati

Loan desecription

ICBC provides Rp500B working capital loan to PT Bahari Makmur Sejati for seafood processing

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2018, the Corporate Banking branch of Bank ICBC Indonesia provided a working capital loan of Rp 500 billion to PT Bahari Makmur Sejati, an export-oriented seafood processing company. ICBC Indonesia's 2018 Annual Report states that this financing was carried out by Corporate Banking in 2018. The loan details of the project are unclear.