TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
ASEI, Mandiri to offer export loan insurance
State-owned export agency Asuransi Ekspor Indonesia (ASEI) set a deal with state-owned Bank Mandiri on Thursday, which will allow the agency to offer a lower rate of credit risk to exporters
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
S
tate-owned export agency Asuransi Ekspor Indonesia (ASEI) set a deal with state-owned Bank Mandiri on Thursday, which will allow the agency to offer a lower rate of credit risk to exporters.
The protection would go to non-traditional export markets, particularly the Middle East, Africa and South America, ASEI president director Zaafril Razief Amir said after signing the memorandum of understanding with his Bank Mandiri counterpart on the sidelines of the Trade Expo Indonesia in Kema-yoran, Jakarta.
“Banks usually hesitate to provide credit for exporters who send their goods to new markets. With this facility, we’ll give more confidence to Bank Mandiri to distribute higher loans to exporters to the countries,” he said.
