Bank Kasikorn Indonesia gets US$341 million loan facility from Thai parent
The Indonesian bank said the bilateral facility would support longer-term liquidity and lending to customers.
PT Bank Kasikorn Indonesia Tbk. (BMAS) has obtained a US$341 million bilateral loan facility from its Thai parent, Kasikornbank Public Company Limited (KBank), according to a regulatory disclosure. The bank reported cumulative drawdowns of US$338 million by 12 November 2026.
The facility carries a term of up to two years from the drawdown date. Interest is set at the Secured Overnight Financing Rate (SOFR) plus a margin reflecting prevailing market conditions.
The lender, formerly known as Bank Maspion, said the borrowing was intended to support longer-term liquidity and customer lending. It is drawing the funds in stages, starting with US$55 million on 21 August 2026.
The bank said its latest withdrawals, made on 12 November, were US$25 million and US$55 million. Earlier drawdowns included funds denominated in CNH.
KBank is the bank's ultimate shareholder through its subsidiary Kasikorn Vision Financial Company Pte. Ltd., which holds 86.03 per cent of BMAS. Kasikornbank Group's total ownership is 89.48 per cent. In the disclosure, Bank Kasikorn president director Kasemsri Charoensiddhi said the transaction involved no conflict of interest under POJK 42/2020, which governs affiliated transactions and conflicts of interest.
