Pegadaian and SMBC Corporation Sign MoU at Indonesia-Japan Forum

PT Pegadaian and SMBC Corporation signed a Memorandum of Understanding (MoU) for strategic cooperation at the Indonesia-Japan Strategic Partnership Forum, themed “Value Co-Creation: Building the Future of Energy, Industry, and Global Supply Chains”, held at The Imperial Hotel Tokyo, Japan, on Monday (30/03). The forum, 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, 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 President Prabowo Subianto’s development agenda, particularly in expanding sustainable financial access and strengthening the national financial industry ecosystem. As part of Indonesia’s bullion ecosystem, 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. Through this MoU, Pegadaian and SMBC agree to strategic collaboration encompassing 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 offshore funding (offshore loan) to support the company’s sustainable business expansion. Pegadaian’s Director of Finance and Strategic Planning, 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. This initiative will be prepared together with SMBC’s ESG Solutions Unit, ensuring alignment with international standards and supporting national sustainability targets,” Ferdian explained in an official statement on Tuesday (31/3/2026). 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 the 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 and 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 Loans and Orange Loans that align with government development priorities and the IJEPA framework,” Ferdian added. With the support of the Government of the Republic of Indonesia and the Government of Japan, as well as the synergy between Pegadaian and the SMBC Group, this cooperation is expected to become one of the concrete examples of Indonesia-Japan value co-creation in building a more inclusive and sustainable future for energy, industry, and global supply chains. For information, the MoU signing between Pegadaian and SMBC took place as part of the Japan-Indonesia Business Forum events and was witnessed directly by Indonesian President 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 Pegadaian’s Director of Finance and Strategic Planning Ferdian Timur Satyagraha.