PT Bank Kasikorn Indonesia Tbk. (BMAS) has secured a bilateral loan from its parent, Kasikornbank Public Company Limited (KBank), of US$341 million, or about Rp6.21 trillion.

Loan terms

According to the disclosure, the loan has a tenor of up to two years from the drawdown date, with interest at the Secured Overnight Financing Rate (SOFR) plus a margin in line with prevailing market conditions. Of the total facility limit of US$341 million, US$235 million already has an underlying based on agreements reached with KBank.

Purpose of the transaction

Bank Kasikorn, formerly named Bank Maspion, said the transaction supports long-tenor liquidity and underpins the company's lending to customers.

Staged drawdowns

Drawdowns are made in stages:

• 21 August 2026: first drawdown of US$55 million.
• A further drawdown of CNH 201 million, equivalent to US$30 million. The CNH funds became effective on 20 October 2026, while the US dollar-equivalent funds of US$155 million became effective on 21 October 2026.
• 9 November 2026: drawdown of CNH 120.9 million, equivalent to US$18 million.
• 12 November 2026: drawdowns of US$25 million and US$55 million.

As a result, total drawdowns on the facility to that date reached US$338 million.

Ownership and conflict of interest

Bank Kasikorn explained that Thailand-based KBank is the company's ultimate shareholder through its subsidiary Kasikorn Vision Financial Company Pte. Ltd. (KVF). Its stake in BMAS is 86.03%, or 89.48% of total Kasikornbank Group ownership.

"The transaction carried out does not contain a Conflict of Interest as referred to in POJK 42/2020 on Affiliated Transactions and Conflict of Interest Transactions," said Bank Kasikorn President Director Kasemsri Charoensiddhi in the disclosure quoted on Friday (13/11/2026).

Sources

• BMAS Dapat Kredit Jumbo Rp6,21 T dari Induk di Thailand, Untuk Apa? — CNBC Indonesia (Zefanya Aprilia), 13 November 2026 16:20 WIB. https://www.cnbcindonesia.com/market/20261113140707-17-785041/bmas-dapat-kredit-jumbo-rp621-t-dari-induk-di-thailand-untuk-apa