Jakarta, June 22, 2021 – Indonesia Eximbank (LPEI) has once received funding support from domestic banks. The funding is supported by PT Bank Central Asia Tbk. (BCA) in the form of a time loan facility of IDR 3 trillion with a 2-year tenor.
The facility consists of a non-revolving time loan 1 of IDR 1.5 trillion and non-revolving time loan 2 of IDR 500 billion with a 2-year tenor and an additional non-revolving time loan 3 of IDR 1 trillion with a 2-year tenor. This funding support is expected to strengthen LPEI's business strategy in implementing the law instruction to accelerate export.
The signing event was conducted virtually by Managing Director III of LPEI Agus Windiarto, Managing Director I of LPEI Dikdik Yustandi, Director of BCA Subur Tan, Director of BCA Rudy Susanto, and witnessed by Executive Director of LPEI D. James Rompas and President Director of BCA Jahja Setiaatmadja, on Tuesday (6/22).
The Executive Director of LPEI, D. James Rompas said that the funding from BCA will be used to support LPEI’s funding provision and business activities such as financing, guarantee and insurance.
“In order to accelerate economic growth, LPEI continues to cooperate with domestic banks. The signing of this cooperation also shows that LPEI as a Special Mission Vehicle (SMV) under the Ministry of Finance continues to gain the full trust and support from domestic financial institutions to implement the law instruction in order to encourage national export performance," said D. James Rompas.
President Director of BCA Jahja Setiaatmadja welcomes the extension of this collaboration. “The cooperation that has existed since 2016 between BCA and LPEI is a special opportunity. Throughout the journey, we observed that there are positive impacts. Today, BCA continues their collaboration by providing an additional time loan facility of IDR 1 trillion. We both hope that this facility can support national export growth and accelerate the National Economic Recovery program," said Jahja.
LPEI and BCA funding cooperation is expected to help accelerate national export growth through the distribution of financing, guarantees and insurance to export-oriented businesses. It is believed funding support from BCA will provide space for LPEI to distribute financing better to domestic entrepreneurs amidst the Covid-19 pandemic.
The Signing of the Cooperation Agreement between BCA and LPEI - Director of BCA Subur Tan (left) and Director of BCA Rudy Susanto (left) signed the cooperation agreement with LPEI in the form of funding worth IDR 3 trillion for export acceleration which was witnessed directly by President Director of BCA Jahja Setiaatmadja (right), on Tuesday (6/22). The funding support from BCA will be used to support LPEI's funding provision and business activities such as financing, guarantee and insurance.
The Signing of the Cooperation Agreement between BCA and LPEI – Acting Director III of LPEI Agus Windiarto (left), Acting Director I of LPEI Dikdik Yustandi (middle) dan Executive Director of LPEI, D. James Rompas (right).
About PT Bank Central Asia Tbk (as of 31 March 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of March 2021, BCA has the privilege of serving more than 25 million customer accounts, processing around 41 million of daily transactions through a network of 1,244 branches; 17,634 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 24,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : email@example.com
Indonesia Eximbank (LPEI)
Corporate Secretary – Lembaga Pembiayaan Ekspor Indonesia
Phone : (021) 39503600
Email : firstname.lastname@example.org