• 1983
    • Intensive discussions by stakeholders of housing finance concerning establishment of a secondary mortgage institution.
  • 1993
    • The Ministry of Finance conducted a series of feasibility studies since 1993
  • 1998
    • Government issued the Minister of Finance of Republic of Indonesia Decree No.132/KMK.014/1998 that opened an opportunity for the establishment of a secondary mortgage institution, yet the result had not been implemented due to absence of shareholder candidates
  • 2005
    • On July 22, 2005, the Government established PT Sarana Multigriya Finansial (Persero) by virtue of deed No.59 and was duly published in the State Gazette of the Republic of Indonesia dated August 30, 2005, No.69 Supplement No.9263. The establishment of the Company was based on the Regulation of the Government of Republic of Indonesia No.5/2005 dated February 7, 2005, regarding the Government of Republic of Indonesia capital investment and Presidential Decree. No.19/2005 dated February 7, 2005 regarding Secondary Mortgages
  • 2006
    • The first lending transaction to a mortgage lender, PT Bank Tabungan Negara (Persero)
  • 2007
    • The first lending transaction to a multifinance company
  • 2008
    • The first loan disbursement to Regional Development Bank (RDB)
    • Government issued Presidential Decree No.1/2008 as Amendment to Presidential Decision No.19/2005 regarding Secondary Mortgages, particularly allowing the Company to provide lending for 10 years starting from the issuance date of the regulation, until 2018, with tenor up to 15 years.
  • 2009
    • The first securitization transaction conducted through public offering of Residential Mortgage Backed Securities (RMBS) and Listed at the Indonesia Stock Exchange.
    • The first issuance of the Company unsecured bonds through public offering.
    • The first financing facility to Shariah Bank.
  • 2010
    • Launching of fair market value of EBA in cooperation with PT Penilai Harga Efek Indonesia/ Indonesia Bond Pricing Agency (IBPA).
    • The first issuance of mortgage secured bonds through Public Offering.
    • The first issuance of MTN through private placement
  • 2011
    • Additional paid-up capital of Rp.1 Trillion
    • The first bond issuance with continuous public offering scheme
  • 2012
    • The Participation Certificate is declared as securities by the Chairman of Bapepam LK based on the letter of Chairman of Bapepam LK No.11663/BL/2012 dated October 3, 2012
    • The first media award as "The State-Owned Enterprise which supports and Develops Sustainable Home Financing for People.
  • 2013
    • Establishment of Draft of Regulation on the RMBS - Participation Certificate by Financial Services Authority.
    • The First Award from the Public Housing Minister, the Republic of Indonesia as "Financial Institution Supporting Housing Finance Program."
    • Business Record from Daily News of Sindo & Tera Foundation, as "Company that Pioneers the implementation of Mortgage Securitization in Indonesia" - May 2013.
    • "Excellent" - Predicate in the Rating of 126 SOES of Infobank Award 2013 - September 2013.
    • Special Award as the Best Finance SOE among Finance SOE under the Ministry Finance - November 2013.
  • 2014
    • The issuance of Financial Services Authority Regulation concerning the Issuance and Reporting of Residential Mortgage Backed Securities - Participation Certificates (RMBS - SP) for secondary housing finance.
    • The first recognition from mass media in marketing through the achievement of "Bronze Award" for the category of "Strategic Marketing".
    • The first recognition from mass media for our President Director as "The Best CEO"
    • The Company received additional capital investment from the Republic of Indonesia that amounted to Rp.1 Trillion.
    • "Excellent" predicate in Rating of 126 SOES from Infobank Award in 2014.
  • 2015
    • Unveiling of SMF’s new logo on July 22, 2015, which marks a renewed spirit for the Company to heighten performance and realize its support for the One Million Houses Program
    • Total accumulated lending from the year 2006 to December 31, 2015 amounted to Rp14.93 trillion for 246,860 mortgage debtors, an increase of 32% from December 31, 2014 at Rp11.091 trillion.
    • The issuance of OJK Regulation No. 20/POJK.04/2015 regarding the Issuance and Requirements of Sharia Residential Mortgage Backed Securities.
    • SMF forged collaborative ties with the Indonesia Bond Pricing Agency (IBPA) to jointly establish a reasonable price for RMBS-PC.
    • SMF listed its Residential Mortgage-Backed Securities-Participation Certificates (RMBS-PC) at the Indonesia Stock Exchange for the first time amounted Rp200 billion.
    • National Seminar on the theme “One Million Houses Program for Increasing the Capacity to Channel Mortgage Loans” in cooperation with the Ministry
      of Public Works and Public Housing, Asbanda and followed by the signing of an MoU between the Ministry of Public Works and Public Housing, SMF and 7 (seven) Regional Development Banks (BPD).
    • The Company received additional capital investment from the Republic of Indonesia amounting to Rp1 trillion.
    • Predicate “Excellent”, for the financial performance during 2014 for the category of Finance Industry SOE at the Infobank BUMN Awards 2015 from Infobank magazine.
    • Awarded by the Indonesia World Records Museum for its Environmental Development Program for conducting a dental examination with the largest number of participants.
    • Earned a bronze medal for the Strategic Marketing Category at the BUMN Marketers Awards 2015 held by the BUMN Public Relations Forum & BUMN Insight Magazine.
    • Earned a bronze medal for Tactical Marketing for the BUMN Marketers Awards 2015 held by the BUMN Public Relations Forum & BUMN Insight Magazine.
  • 2016
    • Expanded the cooperation network with regional banks, including the Launch of Housing Finance Information System (HFIS) and the submission of SMF-RMBS SOP Document for BPD to the regional Development Bank Association (Asbanda).
    • The signing of an agreement with the Korea Housing Finance Corporation (KHFC), with regard to Research and Programs in the Housing Sector.
    • PKBL SMF Program, Dental Examination done in relay which broke the world record.
    • The issuance of Asset Backed Securities- Participation Certificate (RMBS-PC) “SMF-BMRI” at Indonesia Stock Exchange, a cooperation between SMF and Bank Mandiri.
    • Debut recording for Residential Mortgage Backed Securities-Participation Certificate (RMBS-PC) “SMF-BTN 02” at Bursa Efek Indonesia (BEI) with the rating of AAA by PT Pemeringkat Efek Indonesia (Pefindo).
    • The issuance of Presidential Decision No. 101 2016 which was an amendment to the 2nd Presidential Decision No. 19 2005, which opened up an opportunity for SMF to channel loans without any time limit, with a maximum loan term of 15 years.
    • The Company received additional government capital investment amounting to Rp1 trillion.
    • The Company received an award at the 2015 Annual Report Award, 3rd position in the Listed Financial SOEs category.
  • 2017
    • Listing of RMBS-PC SMF-BTN03 on IDX in the amount of IDR1 trillion.
    • The Company held the 4th Asia Fixed Income Summit (AFIS) on September 7, 2017 in Nusa Dua, Bali, which was attended by more than 300 participants from within and outside the country. In addition, the Company also hosted a meeting of Asian Secondary Mortgage Market Association (ASMMA) members.
    • The Company was appointed as the Chairman of ASMMA, which has the authority to coordinate all information and activities conducted by ASMMA members, including managing communication facilities up to the planning of the ASMMA in the following year.
    • The Company received the highest certificate of IdAAA from PT Pemeringkat Efek Indonesia (Pefindo), both for debt securities, as well as for Corporate rating.
    • In collaboration with the Directorate General of Housing Finance, the Ministry of Public Works and Housing, the Company submitted the Standard Operating Procedures (SOPs) for the Company’s Regional Development Bank Mortgage (KPR BPD SMF), Working Capital Credit - Housing Construction (KMK-KP SMF), to 25 Regional Development Banks in Indonesia, followed by the signing of the Commitment for implementing the SOPs by each representive of the Regional Development Banks.
    • Launching and submission of the Sharia Home Ownership Financing SOP as prepared by the Company to the Management of the Indonesian Sharia Bank Association (ASBISINDO) and the Regional Development Bank Association (ASBANDA).
    • Launching of the Company’s Mortgage (KPR SMF) in Cooperation with Financing Companies.
    • MoU signing for the Issuance of Sharia RMBS-PC between the Company and Bank BTN Syariah.
    • Listing of Continuous Public Offering Bonds III Tranche VII of IDR1.677 trillion, Continuous Public Offering Bonds IV Tranche I 2017 of IDR1 trillion, and Continuous Public Offering Bonds IV Tranche II 2017 of IDR1 trillion.
  • 2018
    • The Company established a Sharia Business Unit (UUS) to focus on services and product development in accordance with sharia principles, such as iB Mortgage-Sharia RMBSPC, Sharia Financing, and Issuance of Sharia Bond/MTN or Sukuk.
    • The Company launched its first Retail Residential Mortgage Backed Securities-Participation Certificate (RMBS-PC) product in Indonesia through the trade mechanism in the secondary market.
    • The Company realized the FLPP Mortgage program. The Company contributed in reducing the Government’s fiscal burden by financing the 25% portion of FLPP Mortgage funding, therefore the Government only needed to provide 75% of the total FLPP funding from the original 90%.
    • During 2018, the Company issued debt securities amounting to IDR5.551 trillion through the issuance of Continuous Public Offering Bonds IV Tranche III of IDR2.000 billion, Continuous Public Offering Bonds IV Tranche IV of IDR1.163 billion, Continuous Public Offering Bonds IV Tranche V of IDR1.500 billion and Continuous Public Offering Bonds IV Tranche VI of IDR888 billion. As of the end of 2018, the Company’s outstanding bond amounted to IDR10.23 trillion.
    • In strengthening its role as Special Mission Vehicle (SMV) and fiscal tool of the Government, the Company also actively initiated several products/programs, including housing finance in disaster affected areas (SMF PostDisaster Mortgage Program), fiscal burden reduction program, homestay financing program in 4 tourism destinations, and housing development program in slum areas in 32 cities.
    • On 13 August 2018, the Company signed a bilateral cooperation agreement with a Japanese company, namely Japan Housing Finance Agency (JHF) in housing finance, specifically the development of the secondary market.
  • 2019
    • The Company successfully listed Residential Mortgage Backed Securities in the form of Participation Certificates (RMBS-PC SMF-BTN05) on the Indonesia Stock Exchange (IDX). The listing was derived from the cooperation in Mortgage assets securitization of IDR2 trilion between the Company and PT Bank Tabungan Negara (Persero) Tbk.
    • In 2019, the Company succeeded in realizing its support for the Government’s program in realizing the Community-Based Housing Program, especially for people with non-permanent income. The Company collaborated with Grab Indonesia to provide Mortgage access through SMF-Grab Mortgage Program for GrabCar drivers.
    • The Company recorded an increase in performance throughout 2019, particullary in conducting the mission of channeling funds from the capital market to KPR agents in the home financing sector. Through securitization transactions and lending which together reached Rp14.45 trillion in 2019, the figure increased by 21.63% compared to 2018 of Rp11.88 trillion.
    • SMF issued debts securities of IDR9.28 trillion through the issuance of Continuous Public Offering IV Tranche VII amounted to IDR1.850 billion, MTN VIII of IDR500 billion, Continuous Public Offering IV Tranche VIII of IDR2.511 billion, Continuous Public Offering V Tranche I of IDR2.000 billion, Continuous Public Offering I Tranche I Sukuk of IDR100 billion, Continuous Public Offering V Tranche II of IDR2.203 billion and SBK I SMF 2019 of IDR120 billion. Until the end of 2019, the outstanding position of the Company’s bonds reached IDR14.8 trillion and funding from banks amounted to IDR2.37 trillion, this figure was based on financial statements data as of December 31, 2019.
    • All funds which have been disbursed by the Company until the end of 2019 have successfully financed approximately 975,837 thousand of Mortgage debtors (including FLPP Mortgage Program), which divided into 84.25% of the western region, 15.07% of the central region and the remaining 0.68% in the eastern region.
    • From August 2018 to December 31, 2019, the Company together with BLU PPDPP have managed to realize the disbursement of FLPP Mortgage funds to 88,911 debtors with a total disbursement of funds of IDR2.909 trillion through 12 FLPP Mortgage disbursement banks.
    • SMF synergized with the Ministry of Tourism and Creative Economy (Kemenparekraf) in realizing the Partnership Program in the form of Homestay Financing Program in Priority Tourism Destinations (DPP) located in Nglanggeran Village (Gunung Kidul, DI Yogyakarta), Pagerharjo Village (Kulonprogo DI Yogyakarta), Samiran Village (Boyolali, Central Java), Kute Village (Lombok, West Nusa Tenggara)
    • In the Housing Development Program in Slum Areas, the Company synergized with the Directorate General of Human Settlements, the Ministry of Public Works and Housing through KOTAKU program (National Slum Upgrading Project) in dealing with slum through renovation/ construction. In 2019 this program has been conducted in several cities, namely Semarang, which includes the house renovation in 2 villages in slum areas consisting of 40 houses, Pontianak (1 village, 23 houses), Bukittinggi (2 villages, 13 houses) and Makassar (1 village, 14 houses).
    • In the Post-Disaster Mortgage Program, a home ownership program with the aim at supporting government programs related to the recovery of settlements affected by disasters. In 2019, the Company has realized the distribution of Post-Disaster iB Mortgage in Lombok, West Nusa Tenggara, which targeted the State Civil Apparatus (ASN) .
    • The Company established a cooperation with Korean Housing and Urban Guarantee Corporation (HUG) related to the exchange of business information between the two parties. The collaboration was a real synergy for developing the housing industry, especially houses intended for Low Income Communities (MBR). The signed Memorandum of Understanding (MoU) was the initial and basic step in conducting collaboration, research, information sharing, knowledge sharing, which closely related to housing finance.
  • 2020
    • The Company received an expansion of its mandate from the Government through the issuance of Government Regulation No. 57 of 2020 concerning the Second Amendment to Government Regulation No. 5 of 2005 concerning the State Equity Participation of the Republic of Indonesia for the Establishment of Limited Liability Companies (Persero) in Secondary Mortgage Sector, and Presidential Regulation No. 100 of 2020 concerning the Third Amendment to Presidential Regulation No. 19 of 2005 concerning Secondary Mortgage. Through this new mandate, the Company shall be able to further strengthen its function and role in supporting the improvement of sustainable housing finance disbursement capacity both in terms of supply and demand to enable the public in having wider access to decent and affordable housing.
    • The performance of Residential Mortgage Backed Securities in the form of a Participation Certificate (RMBS-PC), which was launched by the Company, was still maintained with good and promising performance quality in the midst of the COVID-19 pandemic. RMBSPC remained consistent with the best rating, namely idAAA from PT Pemeringkat Efek Indonesia (Pefindo) with competitive returns ranging from 7%-10%. This was reflected in the historical issuance of RMBS-PC, where the Class A RMBS-SP Coupon as an instrument with triple A rating, was always above the deposit return.
    • During 2020, the Company’s Sharia Business Unit has initiated cooperation with Sharia Commercial Banks as well as potential Sharia Business Units by realizing the disbursement of replacement financing to Bank BTN Syariah of IDR3.35 trillion, Bank Muamalat Indonesia of IDR100 billion, and Bank DKI Syariah of IDR500 billion. Cumulatively, the Company’s total distribution of sharia financing from 2009 to date amounted to IDR11.5 trillion.
    • In the midst of the Covid-19 pandemic, the Company remained committed to contributing to the Government’s Subsidized/FLPP Mortgage Program, which recorded to have distributed financing of IDR 1.5 trillion or equivalent to 44,157 debtors throughout 2020, compared to 2019 performance of IDR 1.4 trillion or equivalent with 45,399 debtors plus the 2020 FLPP acceleration program held in December 2020 of IDR486 billion or equivalent to 14,580 debtors. The Company also recorded the addition of 3 (three) new implementing banks using FLPP Mortgage Assistance Fund, namely Bank BRI Agro, Bank Nagari and Bank Nagari Syariah.
    • The Company received a special assignment from the Shareholders in enhancing its role in the development of housing industry sector by taking over minority shares in PT Sejahtera Eka Graha and its Subsidiaries.
    • The Company had the opportunity to present SMF-Grab collaboration through a paper entitled “Affordable Housing Finance for Informal Workers” and won first place in the call for papers 2020 competition held by the World Bank to the International Secondary Mortgage Market Association (ISMMA). Dozens of ISMMA members from various countries attended the event through virtual meeting. From the Company, the virtual meeting was fully attended by the Company’s Board of Directors