PT Bank Rakyat Indonesia (Persero) Tbk (BRI) has facilitated syndicated financing worth Rp5.2 trillion for PT Sawit Sumbermas Sarana Tbk (SSMS). In this transaction, BRI acted as the Original Mandated Lead Arranger & Bookrunner as well as the Facility Agent. This step confirms BRI’s capacity in leading large-scale financing and its ongoing commitment to strengthening the agribusiness sector.

The agribusiness sector plays an important role in Indonesia’s economic structure. Financing for SSMS is part of BRI’s efforts to support the growth of the real sector by providing structured financial solutions that are responsive to business needs.

BRI views the SSMS Group as a company with the capacity, technology, and vision aligned with the direction of global industry transformation. With this foundation, the SSMS Group has strong potential to emerge as one of the leaders on the international stage. BRI hopes that the established partnership can provide added value for the economy and also help drive industry progress at the global level.

“As the bank with the widest network, BRI is present to support the agribusiness sector. We not only facilitate MSMEs but also support large sectors like SSMS through integrated BRI One Solutions. This service covers corporate financial management through Qlola, Trade Finance, to financing support and assistance at the smallholder farmer level,” said a BRI representative in Jakarta.

This financing step is also in line with efforts to realize the Government’s Asta Cita, specifically the fifth goal which emphasizes downstreaming and industrialization to increase domestic added value. Through this support, BRI strengthens its role in supporting the development of a competitive and sustainability-oriented national palm oil industry.

Several financial institutions are involved in this financing, including PT Bank Negara Indonesia (Persero) Tbk, PT Bank Syariah Indonesia (Persero) Tbk, the Indonesia Eximbank, PT Bank Woori Saudara Indonesia 1906 Tbk, PT Bank Maybank Indonesia Tbk, PT Bank KB Indonesia Tbk, and PT Allo Bank Indonesia Tbk.

This corporate action is part of SSMS’s strategy to strengthen its financial and operational structure through the refinancing of previous loan facilities, to create a more efficient funding structure aligned with the company’s business direction. This facility also supports the acquisition of PT Sawit Mandiri Lestari (SML) as an expansion step to increase the group’s scale and business portfolio.

The CEO of SSMS expressed appreciation for the support of national banking in supporting the growth of the palm oil sector. “With full optimism, we greatly appreciate and welcome this corporate action as a strategic step in strengthening the Company’s position as a palm oil plantation business actor. We believe this step will further solidify the business foundation and open new opportunities for sustainability and increased added value for all stakeholders,” said the CEO.

SSMS is an integrated agribusiness company with a strong commitment to sustainable plantation practices and productivity improvement through the application of technology. Currently, SSMS manages 23 palm oil plantations with a total area of approximately 115,584 hectares, supported by 8 Palm Oil Mills (PKS) with a processing capacity of 540 tons per hour, 1 Palm Oil Mill (KCP) with a capacity of 180 tons per day, and one Biogas Power Plant (PLTBg) with a capacity of 1.5 megawatts. The acquisition of SML with a land area of 11,046 hectares is part of the effort to strengthen the business portfolio and increase the group’s business scale.

“This collaboration ensures that SSMS has access to structured financial solutions for sustainable expansion and capacity enhancement, with the ambitious goal of supporting SSMS to become one of the top global palm oil players,” concluded the BRI representative.

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PT Bank Rakyat Indonesia (Persero) Tbk

PT Bank Rakyat Indonesia (BRI) is one of Indonesia’s oldest and largest state-owned banks, originally established in 1895. It has a historic focus on providing microfinance and serving small-to-medium enterprises (SMEs) and the agricultural sector, a mission that began during the Dutch colonial era. Today, it is a publicly listed company renowned for its extensive network and leadership in Indonesian micro banking.

PT Sawit Sumbermas Sarana Tbk

Based on the name, “PT Sawit Sumbermas Sarana Tbk” is not a cultural site or tourist destination, but an Indonesian public limited company. It is an agribusiness corporation, primarily focused on the cultivation of oil palm plantations and the production of crude palm oil (CPK). The company was established to develop and manage agricultural resources, contributing to the palm oil industry in Indonesia.

PT Bank Negara Indonesia (Persero) Tbk

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s major state-owned banks. It was established in 1946, shortly after Indonesia’s declaration of independence, with the initial purpose of acting as the central bank and to support the national economy. Today, it is a leading commercial bank providing a wide range of financial services across the country.

PT Bank Syariah Indonesia (Persero) Tbk

PT Bank Syariah Indonesia (Persero) Tbk is the largest Islamic bank in Indonesia, formed in 2021 through the merger of three state-owned Sharia banks: Bank Syariah Mandiri, Bank BRI Syariah, and Bank BNI Syariah. This strategic consolidation was initiated by the government to create a more robust and competitive national champion in the Islamic banking sector. The bank operates in accordance with Islamic principles, prohibiting interest and investing in ethical, Sharia-compliant ventures.

Indonesia Eximbank

Indonesia Eximbank, officially known as Lembaga Pembiayaan Ekspor Indonesia (LPEI), is the official export credit agency of Indonesia. It was established by the government in 2009 to support the national export sector by providing financing, guarantees, and insurance for Indonesian exporters and investors. Its mission is to enhance the competitiveness of Indonesian businesses in the global market.

PT Bank Woori Saudara Indonesia 1906 Tbk

PT Bank Woori Saudara Indonesia 1906 Tbk is one of Indonesia’s oldest banks, originally founded in 1906 under the name “Hulp en Spaarbank der Inlandsche Bestuurs Ambtenaren” to serve the financial needs of local civil servants. It has evolved through various ownership structures and names, and is now part of a strategic partnership with South Korea’s Woori Financial Group, operating as a commercial bank in the modern Indonesian financial sector.

PT Bank Maybank Indonesia Tbk

PT Bank Maybank Indonesia Tbk is a prominent financial institution in Indonesia and a key part of the larger Maybank Group, one of Southeast Asia’s largest banks. It was originally established in Indonesia in 1959 as PT Bank Bali and was later acquired by Maybank in 2008, rebranding to its current name. The bank now provides a comprehensive range of banking and financial services across the country.

PT Bank KB Indonesia Tbk

PT Bank KB Indonesia Tbk is a commercial bank in Indonesia that was originally established in 1990 as Bank Kredit Asia. It has undergone several ownership changes and rebrandings, including a period as Bank Bukopin, before adopting its current name. The bank provides a range of financial services, primarily focusing on serving small and medium enterprises (SMEs) and the mass market segment in Indonesia.