QNB Indonesia Extends its First Green Term Loan to PT CSM Corporatama (Indorent) to Support Electric Vehicle Fleet Expansion
Providing a IDR300 billion green term loan facility to accelerate electric vehicle adoption in Indonesia.
Jakarta, 20 November 2025 – PT Bank QNB Indonesia Tbk (“Bank”), part of QNB Group – the largest financial institution in the Middle East and Africa – is strengthening its role as a trusted financial partner for corporate and institutional clients in Indonesia through the signing of its first green term loan facility with PT CSM Corporatama (Indorent), a subsidiary of PT Indomobil Multi JasaTbk, which belongs to Indomobil Group, one of the country’s largest and most diversified automotive conglomerates.
Indorent’s rental business provides short- and long-term vehicle rentals, fleet outsourcing, and transportation management solutions to corporate and institutional clients across Indonesia. With a growing fleet of more than 32,000 units, including passenger cars, commercial vehicles, and specialized units, Indorent’s rental business supports corporate mobility needs nationwide.
The green term loan supports Indorent’s ongoing shift toward a cleaner and more energy-efficient fleet and contributing to Indonesia’s broader agenda for sustainable mobility and environmental stewardship. The financing will be used exclusively to procure electric vehicles, reinforcing Indorent’s steps in integrating EVs into its portfolio and contributing to a low-emission transportation ecosystem.
This facility reflects PT Bank QNB Indonesia’s commitment to support Indonesia’s low-carbon transition by channeling financing into projects that promote sustainable transportation, making it a part of Indorent’s transformation and the acceleration of electric vehicle adoption in Indonesia.
PT Bank QNB Indonesia Tbk will provide a green term loan facility amounting to IDR300 billion, marking a significant milestone in the Bank’s ESG financing journey and strengthening its collaboration with leading corporates in Indonesia.
“Indorent embeds sustainability as a supporting pillar of our business strategy. The green financing facility from PT Bank QNB Indonesia Tbk helps us to accelerate the integration of electric vehicles into our fleet in alignment with ESG principles and recognized green project criteria. By increasing the share of low-emission vehicles, we aim to provide efficient and reliable mobility solutions for our corporate clients while supporting national carbon-reduction and energy-transition goals. As part of the Indomobil Group, Indorent continues to strengthen its position as a leading provider of mobility solutions. The integration of electric vehicles into our fleet is a strategic step that reflects Indorent’s commitment to deliver more modern, efficient, and sustainable services for corporate clients who prioritize the highest standards of quality and performance.” said Harry Pramono, President Director of PT CSM Corporatama.
For more than a decade under QNB Group, PT Bank QNB Indonesia Tbk has delivered innovative financial solutions that help clients navigate challenges and unlock opportunities in a rapidly changing market. The Bank is now sharpening its focus on Corporate & Institutional Banking (CIB) by deepening its relationships with major corporates and conglomerates, extending its ecosystem coverage, and accelerating growth and profitability through digital transformation to improve liquidity forecasting.
Drawing from the Bank’s effort to strengthen its CIB business, partnership like this reaffirms the strong commitment to embed ESG directly into its core strategy. This green facility not only advances Indorent’s transition to electric mobility but also reflects PT Bank QNB Indonesia Tbk’s commitment to deliver added value while integrating ESG principles into our lending practice and contributing to a more sustainable future for Indonesia.
