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Milestones

Since its establishment in 2009, Indonesia Eximbank has made continuous progress in fulfilling its mandate of boosting national export. The following are some of our achievements. 

2017
2016
2015
2014
2013
2012
2011
2010
2009
  • Received a State Capital Investment of Rp. 3,20 trillion from the Indonesian government, consisting of IDR 1 trillion to expand Indonesia’s business capacity and IDR 2,20 trillion for the National Interest Account program.
  • Received the following special assignments from the Indonesian government, through several decrees of the Indonesian Finance Ministry;
    • Decree of the Indonesian Finance Ministry No.374/KMK.08/2017, tasking Indonesia Eximbank with providing export financing for passenger car trains; 
    • Decree of the Indonesian Finance Ministry No.649/KMK.08/2017, tasking Indonesia Eximbank with providing export financing for aircrafts; 
    • Decree of the Indonesian Finance Ministry No.787/KMK.08/2017, tasking Indonesia Eximbank with boosting exports to African countries.
       
  • The Export-Oriented Loan for Small-Scale Enterprises (KURBE) Program was launched to facilitate the Indonesian government’s economic policy package number IX.
  • Established marketing offices in Batam and Denpasar to explore and accommodate export-oriented SMEs in Sumatra and Bali, respectively.
  • Received a State Capital Investment of IDR 4 trillion from the Indonesian government, comprising of IDR 2 trillion to expand on the institution’s business capacity, and IDR 2 trillion to be allocated for special assignments (NIAs). 
     
  •  The Coaching Program for New Exporters (CPNE) was launched.
  • The Indonesian government provided Indonesia Eximbank with 1 trillion in State Capital Investment to strengthen capital and increase the institution’s business capacity in supporting national export programs.
  • The Indonesian government assigned Indonesia Eximbank with two special assignments (National Interest Accounts);
    • Railroad Cars Export Program to Bangladesh;
    • Export Program to support the Indonesian government's Economic Policy Package year 2015.
  • Signed a credit agreement with PT Tiga Pilar Sejahtera in the ADB Energy Project Finance, January 24, 2016. 
  • Nominated for the Best Bond Issuer Award in the Non-Public Company category, May 13, 2014.
  • Ratified the Marine Cargo Insurance Treaty with PT Reasuransi Nasional Indonesia, PT Reasuransi Internasional Indonesia, PT Tugu Pratama Indonesia, and Amlin Singapore Pte. Ltd., June 16, 2016.
  • Conducted the first phase of the Sustainable Public Offering of Indonesia Eximbank Bonds II, valued at IDR 500 billion, on July 18, 2014.
  • Signed financing agreements with companies under CBI Group, including: PT Citra Borneo Indah, PT Tanjung Sawit Abadi, PT Surya Borneo Industri, and PT Citra Borneo Utama, with a total financing limit of USD 120,818,400.00 on July 24, 2014.
  • Mr. Ngalim Sawega was appointed at the Executive Director and Chairman of the Board of Directors of Indonesia Eximbank on September 1, 2014.
  • Mr. Arif Setiawan was appointed as the Managing Director of Indonesia Eximbank on September 1, 2014.
  • Conducted the second phase of the Sustainable Public Offering of Indonesia Eximbank Bonds II, valued at IDR 2,71 trillion, on October 16, 2014.
  • Signed a Memorandum of Understanding (MoU) with PT Bakti Usaha Menanam Nusantara Hijau Lestari I (PT BUMN Hijau Lestari I) and PT Nagabhuana concerning the Integrated Agroforestry-based Green Program, December 18, 2014.
  • Signed a credit investment agreement of IDR 850 billion with PT Waskita Karya Tbk, December 23, 2014.
     
  • Mr. Isnen Sutopo was appointed as Managing Director II, replacing the previous director, on April 1, 2013.
  • Mr. Hadiyanto, Mr. A. Fuad Rahmany, and Mr. Bairul Chairi, were appointed as members of the Board of Directors on September 1, 2013. 
  • Provided financing up to IDR 40.491,64 billion, loans up to IDR 2.033,20 billion, and insurance amounting to IDR 261,52 billion.
  • Posted a net profit of IDR 821,6 billion.
     
  • Signed an export credit facility agreement with the Japan Bank for International Cooperation (JBIC), February 7, 2012.
  • Signed a credit facility agreement to provide overseas financing of IDR 120 billion with Waskita Karya.
  • Issued Euro Medium Terms Notes (REG S) of USD 500 million on April 26, 2012.
  • Hosted the 22nd Asian Exim Banks Forum Training Program on SME Financing, July 16 - 18, 2012.
  • Conducted the Sustainable Public Offering of Indonesia Eximbank Bonds, valued at IDR 2,1 trillion, on November 28, 2012
     
  • Cooperated with the Indonesian Statistics Bureau to compile a database of exporters on January 28, 2011.
  • Signed a loan agreement of USD 200 million with the Asian Development Bank on March 28, 2011.
  • Signed a syndicated loan agreement of USD 300 million with banking syndicates in Singapore and Taiwan on July 15, 2011.
  • Implemented the Balance Scorecard management system in July.
  • Provided overseas financing of IDR 200 billion for a project in Saudi Arabia, May 16, 2011.
  • Provided overseas financing (investment financing and export working capital) of USD 65 million for the construction of a smelter, July 27, 2011.
  • Provided overseas financing of USD 5,4 million for an onshore pipeline construction by LNG Regasification Project, Sungai Udang Port, Malaysia, on August 2, 2011.
  • Provided overseas financing of USD 20 million for the construction of a tissue factory in the USA, on October 25, 2011.
  • Signed a buyer’s credit agreement of USD 22,3 million to purchase ships on November 11, 2011.
  • Conducted the first phase of the Public Expose Offering of Indonesia Eximbank Sustainable Bonds, amounting to IDR 3,25 trillion on November 16, 2011.
  • Received a rise in service ratings, from BB+ to BBB-, on December 18, 2011, courtesy of the Fitch Ratings Agency. 
     
  • The Inauguration Ceremony by the Minister of Finance of Republic Indonesia and the handover of position of the Chairman of the Board of Director and concurrently Executive Director (CEO) from Mahendra Siregar to I Made Gde Erata on January 6, 2010
  • Public Expose of the issuance of Indonesia Eximbank Bonds Year 2010, on June 9, 2010
  • Launching of the CD of Database of 5,000 Indonesian Reliable Exporters on June 15, 2010
  • The Government invested IDR 2 Trillion on December 2, 2010
  • Received the Best Foreign Exchange Reporting Award from Bank Indonesia on December 9, 2010
  • Signing a Syndicated Loan Facility of USD265 million with Bank Singapore,on June 18, 2010

 

 

  • Indonesia Eximbank’s legal basis, Undang Undang Nomor 2 Tahun 2009 Tentang Lembaga Pembiayaan Ekspor Indonesia (Law No. 2 Year 2009 concerning Indonesia Eximbank), was approved and entered into force on January 12, 2009.
  • The Board of Directors of Indonesia Eximbank were appointed per the Decree of the Indonesian Finance Ministry No. 346/KMK. 06/2009 on August 26, 2009.
  • The Executive Director of Indonesia Eximbank was appointed per the Decree of the Board of Directors No.0001/KDD/09/2009 on September 1, 2009.
  • Indonesia Eximbank officially begins operations along with the inauguration of the Board of Directors on September 1, 2009.
  • Signed a loan agreement of USD 100 million with the Japan Bank for International Cooperation (JBIC) on October 23, 2009.
  • Attended the Asian Exim Banks Forum on October 28 - 30 2009 in Thailand.
     
General Information

Established in 2009, Indonesia Eximbank is a financial institution under the Government of the Republic of Indonesia. Its main objective is to boost national export growth and to assist exporters in expanding their business capacity.

Corporate Culture

Indonesia Eximbank’s code of conduct contains a set of principles abbreviated as TRUST. TRUST reflects the institution’s core corporate culture, and is aimed at creating an institution built on optimal work ethics, responsibility and productivity. 

Organization Structure

A comprehensive organization structure, along with policies and sufficient SOPs, is one component of Indonesia Eximbank’s risk exposure management.