SMBC’s Indonesian arm begins offering ESG deposit product

BTPN will earmark deposits made under this for financing in the ESG field.

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is now offering an ESG deposit product in the Indonesian market through its subsidiary PT Bank BTPN Tbk.

"ESG Deposit" aims to provide sustainable investment opportunities to corporate customers in Indonesia by allocating deposits entrusted to BTPN by customers for overall financing in the ESG field.

It makes use of the BTPN ESG Deposit Framework.

The move is part of SMBC’s goal of disbursing JPY50t in sustainable finance between FY2020 to FY2029.

Between FY2020 to FY2022, SMBC has disbursed over JPY14.9t, the bank shared.

“Externally, we are engaging and acting together with customers and other stakeholders to contribute to the global transformation for a better society. Therefore, BTPN will provide “ESG Deposit” for customers who agree with this mission. SMBC and BTPN are fully committed to making sustainability a reality,” SMBC said in a press release.

Follow the link for more news on

Sumitomo Mitsui Banking Corporation

Also Read

VPBank’s asset quality at risk amidst housing slowdown

Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit