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Jakarta, 6 Desember 2023– PT Bank Permata Tbk ("PermataBank") strengthens its strategic cooperation with the Indonesian Export Financing Institution ("LPEI") through the signing of an extension of the Cooperation Agreement on December 6, 2023, in Jakarta. This collaboration includes Credit Guarantees and Joint Financing.
Present at the signing of this cooperation were the President Director of PermataBank, Meliza M. Rusli, and Director of PermataBank, Herwin Bustaman, representing PermataBank; and the Executive Director of Business Development at LPEI, Maqin U. Norhadi, and the Executive Director of Institutional Relations at LPEI, Chesna F. Anwar, representing LPEI. The signing was witnessed by the Executive Director of LPEI, Riyani Tirtoso, along with the management teams of PermataBank and LPEI. This cooperation is mutually beneficial and aimed at enhancing credit quality for exporters in Indonesia.
In her speech, Meliza M. Rusli, the President Director of PermataBank, stated, "The continuation of this collaboration represents our commitment to consistently expand segments and deepen relationships with customers through the PermataBank partner ecosystem. We also appreciate the trust of LPEI in making PermataBank a long-term partner in jointly contributing to the growth of Indonesia's economy, especially in the realm of exports."
Since 2019, PermataBank has collaborated with LPEI to provide Credit Guarantees for borrower facilities at PermataBank. Through National Export Financing, LPEI aims to accelerate the growth of Indonesia's foreign trade and enhance the competitiveness of businesses, supporting the government's policy to drive the national export program.
Riyani Tirtoso, the Executive Director of LPEI, explained, "This cooperation is expected to expand the reach and accessibility for Indonesian exporters in utilizing export facilities. We believe that what we initiate today, in the long run, LPEI together with PermataBank, can become one of the pioneering forces driving exports in Indonesia."
As a Special Mission Vehicle of the Indonesian Ministry of Finance, LPEI continues to actively promote national exports. LPEI holds sovereign status, enabling it to provide guarantees to banks with a zero percent Risk Weighted Asset (RWA) allocation, eliminating the need for Credit Concentration Risk. This reduces allocated costs, allowing PermataBank to offer more attractive prices to potential customers.
According to the 2022 Central Statistics Agency (BPS) data, Indonesia's exports to ASEAN countries reached USD 61.3 billion, with Thailand accounting for USD 8.1 billion or approximately 13.37% of total exports to ASEAN countries. Through this collaboration, PermataBank will gain access to exporters targeting Thailand and other ASEAN countries, thereby expanding its customer base and ultimately boosting Indonesia's exports to ASEAN.
PermataBank further solidifies its vision as a partner providing meaningful value to its customers. As part of Bangkok Bank and its international network in 15 ASEAN countries, PermataBank now has greater potential to support customer growth. This is supported by prioritizing three key strategies: creating a leading deposit and wealth franchise, becoming the preferred ecosystem partner for business players and technology, and being at the forefront of customer satisfaction in the banking industry.
In the Q3 2023 report, it was noted that the bank's loan disbursement over the first nine months of 2023 grew by 2.4% YoY to Rp138.9 trillion, with the majority contributed by Corporate Loan and Joint Financing.
In this collaboration, PermataBank is the first private bank to establish a Credit Guarantee cooperation with LPEI apart from HIMBARA (Association of State-Owned Banks).
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ABOUT PERMATABANK
PermataBank is one of the top 10 banks in Indonesia in terms of assets in the banking industry. Listed on the Indonesia Stock Exchange (Code: BNLI) with Bangkok Bank Public Company Limited as the controlling shareholder, PermataBank leads in digitalization with innovative products and services catering to over 6.2 million customers in 61 cities across Indonesia. As of September 30, 2023, PermataBank has 232 branch offices & cash offices, Sharia branch offices, and mobile branches; 830 ATM locations and over 20,000 cardless cash withdrawal outlets at Indomaret, access to over 100,000 ATMs (VisaPlus, Visa Electron, MasterCard, Alto, shared ATMs), and millions of other ATMs worldwide connected through Visa, Mastercard, Cirrus networks.
PermataBank has received various service excellence awards in the categories of Commercial Banks and Sharia Business Units, such as the Banking Service Excellence Award 2023 by InfoBank magazine in collaboration with Market Research Indonesia, Silver awards from the Asia-Pacific Stevie Awards 2023, "Best Disclosure and Transparency" & Top 50 Score for Issuers with the Largest Market Capitalization (Big Cap) - Best Corporate Governance from the IICD CG Conference and Award 2023, and a "Very Good" predicate in two categories (Learning & Development and Knowledge Management as well as Employer Branding and Talent Acquisition) in HR Excellence 2023 by SWA and the FEB UI Management Institute.
As a digital innovation pioneer in the Indonesian market, customers can experience the most comprehensive digital service through the PermataMobile X super app, PermataNet and Permata e-Business internet banking, PermataQR Pay at over 300,000 merchants, point-of-sale terminals at over 20,000 merchants, API banking with 200 API types, call center services with Interactive Voice Response and Artificial Intelligence Voice Recognition. Customers can also experience the Digital Model Branch in selected areas of Indonesia, offering a simple, fast, and reliable experience.
For more information about PermataBank, visit our website at http://www.permatabank.com.
ABOUT LPEI
The Indonesian Export Financing Institution (LPEI) is a specialized financial institution owned by the Government of the Republic of Indonesia, established based on Law Number 2 of 2009 to execute National Export Financing (PEN).
LPEI plays a role in making Indonesian exporters respected global players by producing world-class export products and services. National export financing is provided by Indonesia Eximbank to legal entities, both corporate and non-corporate, including individuals domiciled within and outside the territory of the Republic of Indonesia.
The objective of providing national export financing is to accelerate the growth of Indonesia's foreign trade, enhance the competitiveness of businesses, and support the government's policy to drive the national export program. Indonesia Eximbank continues to increase funding capacity through bond issuance and loans from other parties to support the institution's business activities. Empowerment and assistance to Small and Medium Enterprises oriented towards exports are continually conducted to increase the number of new exporters. To reach the needs of business players across Indonesia, Indonesia Eximbank currently has 10 (ten) office networks, consisting of 1 (one) Head Office located in Jakarta, 3 (three) Regional Offices in Jakarta, Surabaya, and Surakarta, 2 (two) Branch Offices in Medan and Makassar, and 3 (three) Representative Offices in Balikpapan, Batam, and Denpasar."
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