IFC works with a number of commercial banks to provide greater access to financing for micro, small and medium enterprises. Bank Tabungan dan Pensiunan Negara (BTPN) is one of IFC’s long-term clients. We provided a $150 million loan to the bank and invested in a 3 percent stake in the bank. With IFC’s investment, BTPN can provide greater access to financing for small firms and low-income households such as pensioners, micro and small enterprises, low-income earners and women entrepreneurs.
”The strategic cooperation between IFC and BTPN supports BTPN in achieving its vision of being the best mass market bank, making a difference in the lives of millions’’, says Jerry Ng, President Director of BTPN.