Indonesia Eximbank at a Glance
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.
January 12, 2009 | 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. |
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August 26, 2009 | The Board of Directors of Indonesia Eximbank were appointed per the Decree of the Indonesian Finance Ministry No. 346/KMK.06/2009. |
September 1, 2009 | The Executive Director of Indonesia Eximbank was appointed per the Decree of the Board of Directors No.0001/KDD/09/2009 |
September 1, 2009 | Indonesia Eximbank officially begins operations along with the inauguration of the Board of Directors on September 1, 2009. |
October 23, 2009 | Signed a loan agreement of USD 100 million with the Japan Bank for International Cooperation (JBIC) |
October 28-30, 2009 | Attended the Asian Exim Banks Forum in Thailand |
January 6, 2010 | 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 de Erata on |
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June 9, 2010 | Public Expose of the issuance of Indonesia Eximbank Bonds Year 2010 |
June 15, 2010 | Launching of the CD of Database of 5,000 Indonesian Reliable Exporters |
June 18, 2010 | Signing a Syndicated Loan Facility of USD265 million with Bank Singapore |
December 2, 2010 | The Government invested IDR 2 Trillion |
December 9, 2010 | Received the Best Foreign Exchange Reporting Award from Bank Indonesia |
28 January 2011 | Collaboration with the Central Statistics Agency (BPS) regarding Exporter Data Provision. |
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28 March 2011 | Signing a Loan Facility with the Asian Development Bank worth USD 200 Million. |
16 May 2011 | Signing an Overseas Financing Facility of IDR 200 Billion for a Project in Saudi Arabia. |
July 2011 | Implementation of the Balance Scorecard at Indonesia Eximbank. |
15 July 2012 | Signing a Syndicated Loan Agreement of USD 300 Million between Indonesia Eximbank and Banking Syndicates in Singapore and Taiwan. |
27 July 2011 |
Signing an Investment and Working Capital Financing Facility of USD 65 Million for Smelter Development. |
2 August 2011 |
Signing an Overseas Financing Facility of USD 5.4 Million for an Onshore Gas Pipeline Construction Contract for the LNG Regasification Facility Project at Sungai Udang Port, Malaysia. |
25 October 2011 |
Signing an Overseas Financing Facility for the construction of a tissue factory in the USA worth USD 20 Million. |
11 November 2011 | Signing a Buyer's Credit Facility for the purchase of a USD 22.3 Million ship. |
16 November 2011 |
Public Exposure in the framework of the Initial Offering of Indonesia Eximbank's Sustainable Public Bonds Phase I in 2011, valued at IDR 3.25 Trillion. |
18 December 2011 |
Increase in Indonesia Eximbank's rating from BB+ to BBB- by the Fitch Ratings Agency. |
February 7, 2012 | Signed an export credit facility agreement with the Japan Bank for International Cooperation (JBIC) |
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April 26, 2012 | Issued Euro Medium Terms Notes (REG S) of USD 500 million |
July 16 - 18, 2012 | Hosted the 22nd Asian Exim Banks Forum Training Program on SME Financing |
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Signing a Credit Facility of IDR 120 billion between Indonesia Eximbank and Waskita Karya related to Overseas Project Financing. |
November 28, 2012 | Conducted the Sustainable Public Offering of Indonesia Eximbank Bonds, valued at DR 2,1 trillion |
April 1, 2013. | Mr. Isnen Sutopo was appointed as Managing Director II, replacing the previous director. |
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September 1, 2013. | Mr. Hadiyanto, Mr. A. Fuad Rahmany, and Mr. Bairul Chairi, were appointed as members of the Board of Directors. |
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Posted a net profit of IDR 821,6 billion. |
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Provided financing up to DR 40.491,64 billion, loans up to ID 2.033,20 billion, and insurance amounting to ID 261,52 billion. |
January 24, 2016. | Signed a credit agreement with PT Tiga Pilar Sejahtera in the ADB Energy Project Finance. |
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May 13, 2014 | Nominated for the Best Bond Issuer Award in the Non-Public Company category. |
June 5, 2014 | Offering of Indonesia Eximbank's Sustainable Public Bonds Phase II, Tranche 1, worth IDR 4 Trillion. |
June 16, 2016 | Ratified the Marine Cargo Insurance Treaty with PT Reasuransi Nasional Indonesia, PT Reasuransi Internasional Indonesia, PT Tugu Pratama Indonesia, and Amlin Singapore Pte. Ltd. |
July 18, 2014 | Conducted the first phase of the Sustainable Public Offering of Indonesia Eximbank Bonds II, valued at ID 500 billion. |
July 24, 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. |
September 1, 2014 | Mr. Ngalim Sawega was appointed at the Executive Director and Chairman of the Board of Directors of Indonesia Eximbank. |
September 1, 2014 | Mr. Arif Setiawan was appointed as the Managing Director of Indonesia Eximbank. |
October 16, 2014 | Conducted the second phase of the Sustainable Public Offering of Indonesia Eximbank Bonds II, valued at DR 2,71 trillion. |
December 18, 2014 | Signed a Memorandum of Understanding (MoU) with PT Bakti Usaha Menanam Nusantara Hijau Lestaril (PT BUMN Hijau Lestaril) and PT Nagabhuana concerning the Integrated Agroforestry-based Green Program. |
December 23, 2014 | Signed a credit investment agreement of ID 850 billion with PT Waskita Karya Tbk. |
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The Indonesian government assigned Indonesia Eximbank with two special assignments (National Interest Accounts):
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The Coaching Program for New Exporters (CPNE) was launched. |
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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. |
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The Export-Oriented Loan for Small-Scale Enterprises (KURBE Program was launched to facilitate the Indonesian government's economic policy package number IX. |
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Established marketing offices in Batam and Denpasar to explore and accommodate export-oriented SMEs in Sumatra and Bali, respectively. |
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Received a State Capital Investment of ID 4 trillion from the Indonesian government, comprising of ID 2 trillion to expand on the institution's business capacity. |
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IDR 2 trillion to be allocated for special assignments (NIAs). |
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The government provided the State Capital Investment (PM ) of Rp3.20 trillion, comprising of Rp1.00 trillion for operational capacity improvement and Rp2.20 trillion for the National Interest Account program implementation. Indonesia Eximbank received the National Interest Account from the government under the Finance Minister's Decree with the following details:
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Indonesia Eximbank conducts Institutional Reform in order to realize the vision of Indonesia Eximbank (IE B) 2020, namely Top of Mind, Sovereign Entity, Regional Leader, An Institution of Proud, and True Policy Bank. The Institutional Reform Program is a breakthrough to realize the ideals of establishing an institution as part of a plan for sustainable national export development In guarding the Institutional Reform process, the direction of change refers to 4 fundamental aspects, namely:
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Advisory in terms of community development called “Desa Devisa” with the objectives to enhance export. As of the end of 2020, Indonesia Eximbank has developed 2 Desa Devisa namely in jembrana, Bali and Bantul, Yogyakarta. |
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Indonesia Eximbank promotes the creation of 21 new exporters. |
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On the impact of the COVID-19, Indonesia Eximbank has carried out restructuring of a total of 125 borrowers impacted by the COVID-19. |
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Cooperate with 14 banks for the Jaminah program (government assurance) amounted to Rp567 billion |
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Specific disbursement of NIA amounted to Rp1,5 trillion among others on the sector:
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Received State Equity Participation (SEP) amounted to Rp10 trillion for general assignment, National Interest Account and National Economy Recovery. |
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Advisory in terms of community development called “Desa Devisa” with the objectives to enhance export. As of the end of 2021, Indonesia Eximbank has developed 5 Desa Devisa Programs, consisting of:
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Indonesia Eximbank promotes the creation of 20 new exporters. |
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Indonesia Eximbank continues to encourage SME participants through the implementation of a consulting service program in the form of CPNE Training in 8 cities (Solo, Denpasar, Medan, Kendal, Demak, Bandung, Manado dan Semarang) to more than 322 SME participants. |
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Total beneficiaries until 2021 were 27 villages and 2,953 farmers & artists covering 7 flagship products. |
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Distribution of Partnership Program funds through collaboration with the Desa Devisa and Linkage Program for 28 partners. |
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Indonesia Eximbank has carried out restructuring for borrowers impacted by the COVID-19. |
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Cooperate with 18 banks for the JAMINAH program (government assurance) with total volume amounted to Rp5,8 trillion and total outstanding amounted of Rp4,8 trillion. |
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Specific disbursement of NIA amounted to Rp2,56 trillion among others on the sector:
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Received State Equity Participation (SEP) amounted to Rp5 trillion for general assignment and National Interest Account. |
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Indonesia Eximbank launched "Rumah Ekspor" Program. |
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Indonesia Eximbank established first subsidiary PT Indonesia Eximbank Prima Aset. |
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Indonesia Eximbank launched X-Way of Working (XWOW) program. |
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Indonesia Eximbank launched new corporate culturé APIK (Agile, Professionalism, Integrity, Creative). |