Institution details

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Indonesia Eximbank (Indonesia Eximbank)

Key facts

  • Established in 2009
  • Ownership: Public
Not Part of the OECD Part of the Berne Union

Latest update: 03/12/2021

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

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