Institution details
Indonesia Eximbank (Indonesia Eximbank)
Key facts
- Established in 2009
- Ownership: Public
Not Part of the OECD
Part of the Berne Union
- Gedung Bursa Efek Indonesia Menara II, Lantai 8, Sudirman CBD Jl. Jend. Sudirman, Kav. 52-53
- +62 21 515 4638
- https://www.indonesiaeximbank.go.id
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BBB- |
Country rating | S&P | Local currency | BBB- |
Products
- Buyer credit
- Kredit Usha Rakay Berorientasi Ekspor (KURBE)
- Supplier credit
- Sharia export investment financing
- Sharia export working capital financing
- Guarantee (bond-like instrument) for exporters
- Guarantee to financial institutions
- Other products
Buyer credit
- Working capital and/or investment financing provided to overseas buyers to purchase goods and/or services produced in Indonesia
Kredit Usha Rakay Berorientasi Ekspor (KURBE)
- Also known as “Export-oriented People’s Business Credit Program”
- Working capital and investments for MSMEs in Indonesia
- Revenue per year to be considered:
- Micro: Up to IDR 5 billion
- Small: Up to IDR 25 billion
- Medium: Up to IDR 50 billion - Rate: Fixed interest rate of 9% per annum
- Exemption from import tax levies
Supplier credit
- Insurance for Indonesian exporters and investors seeing protection against losses from commercial or political risks from overseas buyers
- Covered events include risk of export failure, risk payment failure, loss of investment made by Indonesian companies overseas, and political risk cover for exports
Sharia export investment financing
- Assistance to Indonesian exporter who needs investment financing for procurement of machinery and equipment, development of factories, and other infrastructure
- Financing is based on Sharia principles to provide money based on the consent or agreement between other parties that oblige the financed party to repay the money or return the invoice after a certain time period with profit-sharing
- Terms and conditions:
- The business of the buyer is not an illegal business
- Does not violate the Sharia principles, such as the payment relating to alcoholic drinks and cigarettes
- Does not violate the Indonesian laws, such as forbidden drugs and smuggling
- The Sharia Division of Indonesia Eximbank provides the funds based on the agreement on the sale and purchase of the goods
- Currency: IDR, USD or a foreign currency approved by Indonesia Eximbank
- Tenor: Case-by-case and adjusted to the projected cash flow for the transaction
Sharia export working capital financing
- Funding for Indonesian exporters who require working capital financing for the procurement of raw materials for export activities and other working capital needs related to exports
- Currency: IDR, USD, or other approved currencies
- Sharia-compliant
Guarantee (bond-like instrument) for exporters
- Provided to Indonesia exporters to enhance international competitiveness
- Products:
- Bid/tender guarantee
- Advance payment guarantee
- Performance guarantee
- Payment guarantee
- Maintenance guarantee - Eligibility: Corporations in the form of legal or non-legal entities, including individuals domiciled in Indonesia
- Currency: IDR, USD
Guarantee to financial institutions
- Cover of payment obligations to creditors
- Eligibility: Legal entities domiciled in Indonesia
- Currency: INR, USD, and other currencies
Other products
- Export investment loan: Assists business in financing machine modernization, business expansion, including development and expansion of new factories, and project financing
- Negotiation/export draft discount
- Financing facilities provided by Indonesia Eximbank can manage goods/services related to export invoices
- Indonesia Eximbank will assist businesses in obtaining immediate payment for export invoices or invoices in the framework of export activities - Project financing for a single project (new or refinancing) related to export or export-supporting activities with the returning source of the project itself
- Custom bond for import letters of credit facility
- Confirmation of letter of credit issued by an Indonesian bank; confirmation is in the form of a guarantee
- Eligibility: Exporter may be a direct or indirect exporter
- Tenor: Up to 90 days cover; up to an additional 270 days to payment
- Currency: INR or approved foreign currency on a case-by-case basis
- Fee: Confirming fee payable to Indonesia Eximbank - Advisory services:
- Advisory provided to exporting SMEs to enhance exports
- Services in the following categories: capacity building, coaching for new exporters, and corporate social responsibility
Performance highlights
What's new?
- The agency signed a management contract with the Directorate General of State Assets Management, which is expected to open more opportunities for exports in non-traditional market countries, including countries in South Asia, South America, the Middle East, and Africa
- The facilities for the export working capital financing and investment export financing are based on Islamic principles for all businesses
- National interest account: The agency can carry out special assignments from the government that have strategic value to private and public sector Indonesian exporters through the supply chain
- Offers various SME export-oriented training sessions
- Most products are offered as conventional or Sharia-compliant
- Focus on supporting Indonesian exporting SMEs