Pegadaian and SMBC Corporation Sign Memorandum of Understanding

PT Pegadaian and SMBC Corporation signed a Memorandum of Understanding (MoU) for strategic cooperation at the Indonesia-Japan Strategic Partnership Forum held at The Imperial Hotel in Tokyo, Japan, on Monday, 30 March 2026. Under the theme “Value Co-Creation: Building the Future of Energy, Industry, and Global Supply Chains”, the forum was organised by the Indonesian Chamber of Commerce and Industry (Kadin), Jetro, the Indonesian Embassy in Tokyo, the Ministry of Investment and Downstreaming/BKPM, Japan’s METI, Keidanren, JCCI, and Japinda. The forum aims to strengthen strategic economic cooperation between Indonesia and Japan while identifying new partnership opportunities by leveraging the IJEPA (Indonesia-Japan Economic Partnership Agreement) framework. The cooperation between Pegadaian and SMBC forms part of the strengthening of strategic partnerships between Indonesia and Japan, while also supporting the Nawacita and development agenda of President of the Republic of Indonesia Prabowo Subianto, particularly in expanding sustainable financial access and strengthening the national financial industry ecosystem. As part of the bullion ecosystem in Indonesia, Pegadaian positions collaboration with global partners like the SMBC Group as part of the company’s transformation to enhance funding capacity, ESG capabilities, and regional competitiveness, in line with the government’s Asta Cita programme. The signing of the MoU between Pegadaian and SMBC took place as part of the Japan-Indonesia Business Forum and was witnessed by President of the Republic of Indonesia Prabowo Subianto, CEO of Danantara Rosan Roeslani, Deputy President and Representative Executive Officer of Sumitomo Mitsui Financial Group, Inc., Yoshihiro Hyakutome, SMBC Group Takeshi Kimoto, Henoch Munandar as President Director of PT Bank SMBC Indonesia, and Ferdian Timur Satyagraha as Director of Finance and Strategic Planning of PT Pegadaian. Through this MoU, Pegadaian and SMBC agree to strategic collaboration that includes the provision of credit facilities by SMBC to Pegadaian, including thematic facilities in the form of social loans to support financing for high social impact sectors. These facilities also serve as an initial foundation for Pegadaian in developing access to foreign funding (offshore loan) to support the company’s sustainable business expansion. Director of Finance and Strategic Planning of PT Pegadaian, Ferdian Timur Satyagraha, stated that Pegadaian will continue to develop its Sustainability Framework, including social and orange loans. “Pegadaian and SMBC will jointly develop and strengthen the Pegadaian Sustainability Framework, including the development of Orange Loan facilities as part of ESG (Environmental, Social, and Governance)-based financing solutions,” said Ferdian. This initiative, he continued, will be prepared together with SMBC’s ESG Solutions Unit, ensuring alignment with international standards and supporting national sustainability targets. The cooperation with SMBC strengthens Pegadaian’s commitment to integrating ESG principles into its business model and financing portfolio. Throughout 2025, Pegadaian has received several international awards for issuing social-themed sukuk and bonds, including from IFN Awards, The Asset Triple A Sustainable Finance Awards, and Alpha Southeast Asia. These awards reflect global recognition of Pegadaian’s active role in sustainable financing and support for climate change mitigation agendas as well as social empowerment. Moving forward, Pegadaian is committed to continuously enhancing the company’s capacity and capabilities in supporting the pawnshop ecosystem and the gold/bullion ecosystem, both through domestic funding and foreign funding cooperation. This strategic collaboration with SMBC is expected to strengthen Pegadaian’s funding structure to support the expansion of financing access for micro and small segments in Indonesia, as well as accelerate the implementation of international ESG standards in Pegadaian’s business processes. “Of course, this cooperation is also expected to support the development of thematic financing products such as Social Loan and Orange Loan that align with government development priorities and the IJEPA framework,” said Ferdian. With the support of the Government of the Republic of Indonesia and the Government of Japan, as well as synergy between Pegadaian and the SMBC Group, this cooperation is expected to become one of the concrete examples of value co-creation between Indonesia and Japan in building a more inclusive and sustainable future for energy, industry, and global supply chains.