Bank Maspion (BMAS) Secures US$285 Million Loan from KBank

PT Bank Maspion Indonesia Tbk (BMAS) has secured a bilateral loan from its parent company Kasikornbank (KBank), amounting to US$285 million. The loan has a tenor of two years from the date of drawdown, with interest charged at SOFR plus a margin in accordance with prevailing market conditions.

Through a public disclosure, Bank Maspion Chief Executive Officer Kasemsri Charoensiddhi revealed that the bank has already drawn US$100 million from the facility, stating that further drawdowns will be made in tranches.

The loan will support the bank’s liquidity and facilitate its intermediation function.

“This bilateral loan transaction has been conducted to support long-term tenor liquidity and support the company’s credit distribution to customers. Drawdowns will be made in tranches,” Charoensiddhi explained in the public disclosure cited on Tuesday, 17 March 2026.

The transaction constitutes an affiliate transaction between Bank Maspion and KBank in its capacity as the ultimate shareholder. The Thai bank indirectly controls Bank Maspion through its subsidiary Kasikorn Vision Financial Company (KVF) with a 86.03% stake. Overall, KBank holds 89.48% of BMAS shares.

Furthermore, Charoensiddhi stated that the transaction does not involve a conflict of interest as defined in Financial Services Authority Regulation (POJK) No. 42/2020 concerning Affiliate Transactions and Conflict of Interest Transactions.