About Us
Message From Chairman
The Chairman of the Board of Directors of Indonesia Eximbank concurrently holds the position of the Executive Director. The Executive Director is tasked with conducting the institution's operational activities.
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Indonesia About Us
The Chairman of the Board of Directors of Indonesia Eximbank concurrently holds the position of the Executive Director. The Executive Director is tasked with conducting the institution's operational activities.
Established in 2009 with the entry into force of Law No. 2 Year 2009, the institution's legal foundation, Indonesia Eximbank plays an important role in Indonesia's economic development by encouraging national export performances. The institution is mandated by the law to facilitate exporters with various services to help expand their businesses, namely financing, guarantees, and insurance.
As a part of the institution's business strategy to execute the mandate, Indonesia Eximbank focuses on channeling financing into several sectors:
For foreign businesses looking to expand their business in Indonesia, Indonesia Eximbank provides overseas financing by fostering cross border transactions in the form of buyer's credit, overseas investment financing, and overseas project financing. Through these facilities Indonesia Eximbank aims to expand the range of products and/or services provided by Indonesian businesses in the global market, enabling exporters to expand their business overseas.
Indonesia Eximbank also provides guidance and consultation services for SMEs, including export-supporting SMEs, in order to increase the technical capabilities and production capacity for both direct and indirect exporters. Indonesia Eximbank's Coaching Program for New Exporters (CPNE), for example, is a series of exclusive training programs given to SMEs looking to begin export operations. For one year, participants are trained and equipped with knowledge of the export sector, centered around and tailored to the marketing aspect of their respective products. CPNE allows SMEs to improve the quality of their products so that their value and marketability in the global market may be increased.
As set forth in Law No. 2/2009, Indonesia Eximbank's funds resource structure is comprised the institution's issuance of lending securities and a series of periodic and continous State Capital Investments (PMN) provided by the Indonesian government. These facilities allow the institution to strengthen and maintain its financing structure, which in turn opens more doors and opportunities for Indonesia Eximbank to offer competitive interest rates to exporters by providing them with financing, guarantees, and insurance.
One important task mandated to Indonesia Eximbank is the government-assigned special assignments program known as the National Interest Account (NIA). The Regulation of the Indonesian Finance Ministry No. 134/PMK.08/2015 concerning the Special Assignment for Indonesia Eximbank acts as a legal basis for the program, which began operating in 2015. NIAs are assignments assigned by the Indonesian government to Indonesia Eximbank to provide export financing for transactions and/or projects that are not viable for commercial banks, but are considered prospective by the government to boost national export. Financing through the NIA program is limited to sectors of economy, commodities, export destination country, export agent criteria, and export financing. To be considered eligible for NIA financing, the transaction and project in question must be considered able to increase the competitiveness and value of Indonesian products, support domestic industry growth, and to have the potential for improvement and long-term export development.
Special assignments reflect the vision of Indonesia Eximbank — "to become an eminent and credible Eximbank in its aim to boost national export on a global scale." Executing and succeeding on these special assignments would enable Indonesia Eximbank to create a sustainable, conducive business environment to accommodate for sustainable national export growth, provide qualified national export financing and consulting services for the convenience of exporters, and to enable businesses, including small and medium enterprises, to produce superior and competitive export-oriented products.
With tremendous support from the Indonesian government, more domestic entrepreneurs are now able to expand their businesses and compete in the global market — an exciting development in the future of Indonesian economic growth. Indonesia Eximbank seeks to contribute to this dynamic change by helping and facilitating exporters with the services they need, so that, ultimately, the prosperity of Indonesian citizens may be ensured and maintained.
The challenges in 2019 made it one of the most testing years for all communities in the export ecosystem – both the exporters and Indonesia Eximbank. amid all challenges, Indonesia Eximbank continued to optimize its role as an institution sui generis that is able to contribute to the sustainable growth of national exports while upholding the principles of good governance, rigorous risk management, and prudence.
in 2019, to facilitate national exports, Indonesia Eximbank disbursed financing, guaranteeing, and insurance facilities, provided competitive interest rate to exporters particularly in the export-oriented SMEs segment, financing to potential export commodities and services, and contributed in increasing the number of new exporters by holding a coaching program as part of Indonesia Eximbank’s advisory segment.
The role of Indonesia Eximbank was further enhanced with a new regulatory support enacted on 18 June 2019, namely government regulation no. 43 of 2019 concerning the Basic Policy of national Export Financing. This policy, among others, allows Indonesia Eximbank to source low-cost funding, therefore expanding the institution’s room to fill the market gap in export financing.
The global Coronavirus Disease 2019 (COVID-19) pandemic has caused a multidimensional crisis throughout the year. The pandemic also affected Indonesia,including Indonesia Eximbank that navigated the situation by strengthening its foundation through its “Regain Our Footing” mission in order to continue propelling the nation during the pandemic.
Indonesia Eximbank also aspires toward resilience with agility. In 2020 Indonesia Eximbank focused on three improvement areas that would accelerate its capability to adapt and remain agile amid a difficult situation. These areas were restructuring and efficiency, selective exercise of mandate and business activities including the Advisory Services, and internal process strengthening. These aspects were translated into nine key priorities that also formed Indonesia Eximbank’s business development strategies in 2020.
In the framework of national economic recovery, the government mandates Indonesia Eximbank to provide guarantees for working capital loans disbursement by banks to corporate business entities through the government guarantee program or JAMINAH. this mandate is a form of government contribution to elevate MSMEs and corporations impacted by the pandemic through the National Economic Recovery (PEN).
to improve the national economic recovery and to enhance the national exports as a Special Mission Vehicle (SMV) of the Ministry of Finance, Indonesia Eximbank is mandated with three key roles. First, government guarantees for corporate business practitioners that aimed at protecting, maintaining and improving the economic capabilities of business players. Second, as an executor on government investment programs with the aim of safeguarding, maintaining, and improving the economic capabilities of SOEs or institutions. third, the national interest account or PKE with the aim of providing export financing for transactions or projects that are commercially difficult to implement, however, are considered necessary by the government to support export policies or programs.
the government guarantee Program or JAMINAH is a national interest account of the government to Indonesia Eximbank to guarantee new working capital financing or additional working capital provided by banks to corporates impacted by the pandemic. the sound general banks with a composite rating of 1 or 2 (from the OJk assessment) can act as JAMINAH recipients. Credit guaranteed by JAMINAH is excluded from the calculation of BMPK , and ATMR 0% collectibility is categorized as current hence the banks can increase loan disbursement exposure. Meanwhile, for guarantee coverage, the guarantee will be given 60% or 80% of the guarantee value.
Realization of government guarantee program or JAMINAH reached Rp4,8 trillion as of december 2021, disbursed for 20 strategic industries such as automotive, construction, agriculture, financial services, fisheries, medicines and cosmetics, hospitality, shoes as well as mining. The manpower that received benefit from this program is more than 80 thousand personnel.
To realize its support to tourism and hotel-restaurant- cafe´ sectors, Indonesia Eximbank provided certificates of government guarantee in Bali, which were rendered to Bank Mandiri, BNI, Permata and BPD Bali. JAMINAH has provided financing facility of Rp166.1 billion to 8 hotels. Estimated of around 4,000 manpower will be engaged in JAMINAH program for the tourism sector, specifically hotel restaurants- cafe sectors.
The Board of Directors endorses several transformation initiatives conducted by Indonesia Eximbank to enhance its performance, including enhancing good bank performance, reinforcement of advisory services, strengthening of IT capabilities and infrastructure, optimizing liquidity, and improvement of NPLs. The Board of Directors also formulates and establishes policies to supervise the implementation of the Institution’s strategy in line with Law No. 2 of 2009. The Board of Directors provides direction, monitors, and subsequently evaluates the implementation of basic and strategic policies for the Institution’s strategy implementation in 2022, in addition to approval/ recommendation for actions within the scope of its authority