PT KDB Tifa Finance Tbk

PT KDB Tifa Finance is a member of The Korea Development Bank (state-owned bank of South Korea The Korea Development Bank/KDB Bank is a wholly state-owned bank in South of Korea). In year 2020 to be precise on 8 September 2020, the Company was officially acquired by The Korea Development Bank (“KDB”) which resulted in a change in the Company's share ownership structure to KDB of 80.65%, DSU of 15.00% and public of 4.35 %. The company also changed its name to PT KDB Tifa Finance Tbk, which has received approval from the authority in Indonesia. This acquisition is accompanied by a high commitment from KDB as the new Controlling Shareholder of the Company, of course, brings opportunity to the Company's future business development plans. Until now, PT KDB Tifa Finance has 6 (six) network offices i.e Jakarta, Semarang, Surabaya, Balikpapan, Pekanbaru and Makassar.