Jakarta, August 6th, 2015 --  PT  Bank ICBC Indonesia (“Bank”) has signed USD 160 million loan agreement with PT  China Sonangol Media Investment on Friday (31/7) in Jakarta. The loan, which is also partaken by ICBC Limited as the parent company of the Bank, will be used to finance the construction of “Indonesia 1”.

President Director of PT  Bank ICBC Indonesia, Shen Xiaoqi said the loan agreement is a reflection of the Bank’s strong commitment to contribute to Indonesia’s infrastructure development. He hopes PT  Bank ICBC Indonesia can continue its cooperation with public and private sectors  in infrastructure and property industries which are strategic to Indonesia’s economic growth.

Earlier, the President of the Republic of Indonesia, Joko Widodo inaugurated the groundbreaking of the “Indonesia 1”, one of the country’s future tallest buildings.  Director of PT  Bank ICBC Indonesia, Rolyta Manullang and the CEO of China Sonangol Land, S.C. Chan, both agreed that  “Indonesia 1” will be one of the notable landmarks in Jakarta which consist of offices, retail space, and service apartments.