PT Pegadaian Officially Expands Internationally to Timor Leste

Marking its 125th anniversary, PT Pegadaian has made history in its business journey by opening its first overseas branch in Dili, Timor Leste. The opening was officiated by PT Pegadaian’s President Director, Damar Latri Setiawan, accompanied by Chairman of the Board of Commissioners, AM Putranto, and Director of Network & Operations, Eka Pebriansyah, at the Pegadaian Branch Timor Leste on Monday, 30 March 2026. President Director of PT Pegadaian, Damar Latri Setiawan, stated that this expansion signifies a strategic step and positions Pegadaian as a financial services company on an international level. He assessed that Pegadaian’s presence in Timor Leste is not merely a business expansion, but the embodiment of a commitment to delivering inclusive and trustworthy financial solutions for the people of Timor Leste. “The presence of Pegadaian on the soil of Timor Leste is a manifestation of the spirit of collaboration to grow together. We see the geographical and historical closeness as a strong foundation for building long-term partnerships,” he said. He added that Pegadaian wishes to bring its 125 years of experience in supporting MSMEs in Indonesia to empower local business actors in Timor Leste. As part of the Ultra Micro (UMi) Holding, Pegadaian’s step is fully supported by PT Bank Rakyat Indonesia (Persero) Tbk (BRI), which has been present in Timor Leste since 2017. This synergy is expected to strengthen the financial services ecosystem, particularly for the ultra-micro segment and Micro, Small, and Medium Enterprises (MSMEs) in Timor Leste. Together with BRI, Pegadaian will complement existing financial services, reduce the distance to access financing, and enhance financial literacy among the community. “Pegadaian will provide easier access to financing so that business actors in Timor Leste have the capital to grow and develop,” he said. Pegadaian’s presence in Timor Leste will focus on providing fast and easy financial solutions, which have been the company’s main strengths in the homeland for over a century. With the spirit of “Serving Wholeheartedly”, Pegadaian is optimistic about becoming a strategic partner in driving sustainable economic growth in Timor Leste, as well as affirming the commitment to friendship between the two countries through the path of people’s economy.