Indonesia Eximbank
Last updated on 19 Feb 2024
Key facts
Financial institution that encourages exports by providing financing, guarantees, insurance, and advisory services, including Sharia-compliant facilities.
Prosperity Tower, 1st Floor
District 8, SCBD, Lot 28
Jl. Jend. Sudirman Kav 52-53
Jakarta Selatan 12190
Indonesia
+62 021 515 4638
www.indonesiaeximbank.go.id
District 8, SCBD, Lot 28
Jl. Jend. Sudirman Kav 52-53
Jakarta Selatan 12190
Indonesia
+62 021 515 4638
www.indonesiaeximbank.go.id
PUBLIC
2009
Credit rating (Fitch)
BBB
BBB
Foreign currency
Local currency
Cover and country export data
FY 2022 cover, top sectors
Manufacturing
47%
Agriculture
17%
Mining
15%
Transportation
6%
Construction
4%
2022 export destinations
Products
- 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
- Tenor: 12 months, may be extended
- Working capital and/or investment financing provided to overseas buyers to purchase goods and/or services produced in Indonesia
- 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
- 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
- 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
- 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
- Cover of payment obligations to creditors
- Eligibility: Legal entities domiciled in Indonesia
- Currency: INR, USD, and other currencies
- Export investment loan: Assists business in financing machine modernization, business expansion, including development and expansion of new factories, and project financing
- Overseas investment insurance: Provides protection for investments of Indonesian companies abroad against political risks that may occur in the investment destination country
- Tenor: Up to 15 years
- 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
- Marine cargo insurance program
- Customs 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
- Go Export Village program: Training, mentoring, and assistance in production facilities for one village/one product communities with at least 20 member
- Rumah Ekspor: Providing information, education, and financing to you as a Micro, Small, and Medium Enterprise (MSME), with export-oriented product communities.
- Coaching program for new exporters
- Marketing handholding
Policies
- 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