Innovative Collaboration Between Bank Sinarmas and STAR Asset Management:
First-Ever Credit Access Program for Non-Bank Financial Institution Mutual Funds

Jakarta, November 18, 2025 — A strategic and historic step in the Indonesiancapital market officially commenced. Located at the Priority Lounge of Agora Thamrin, Central Jakarta, Bank Sinarmas and PT Surya Timur Alam Raya Asset Management (STARAM)signed a cooperation agreement for the launch of a credit facility for the STARStableIncome Fund mutual fund product. 

The signing ceremony was conducted by Mr. Ekajaya Ongny Putra, Director of Lending&Wholesale Banking at Bank Sinarmas, and Mr. Anup Kumar, Treasury & Financial InstitutionGroup Head. Representing STAR AM were Mr. Erwin Faizal and Mr. Susanto Chandra, bothDirectors, witnessed by the executive ranks of both institutions. 

Capital Market Breakthrough 

This collaboration is a direct implementation of POJK Number 33 of 2024 concerningtheStrengthening of Investment Management in the Capital Market. Bank Sinarmas andSTARAM are the pioneers in providing a financing scheme to a Mutual Fund product ownedbyan Asset Management company a novel model that paves the way for wider financial inclusion. 

“We enthusiastically welcome this innovative partnership,” said Mr. Ekajaya Ongny Putra. “Bank Sinarmas is committed to continuously presenting relevant liquidity and workingcapital solutions for Non-Bank Financial Institutions, while simultaneously strengtheningthenational financial ecosystem.”

Tangible Benefits for the Industry For STAR AM, this credit facility serves as a strategicsolution for fulfilling liquidity needs and expediting the mutual fund redemption processforclients. Mr. Erwin Faizal, Director of STAR AM, stated, "This synergy strengthens ourprofessional and trusted investment management services. We are confident that thiscollaboration will bring a positive impact on the growth of Mutual Fund products andsupport financial inclusion in Indonesia." 

Encouraging Efficiency and Investment Interest This cooperation not only opens upnewbusiness opportunities in the capital market but also efficiently accelerates the mutual fundredemption process-thereby increasing public trust and interest in investing.