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Jakarta Post

Indonesian Eximbank agrees to guarantee Permata’s export loans

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, October 9, 2019   /  08:24 am
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Containers of export goods wait for shipment at Tanjung Priok Port in North Jakarta. Indonesia Eximbank agreed Friday to provide a guarantee for Permata Bank's export loans.(Antara/Muhammad Adimaja)

Indonesia Eximbank has agreed to provide a guarantee for export credits provided by Permata Bank, as part of its program to boost financing for export-oriented companies. Under the agreement signed in Jakarta on Friday, Indonesia Eximbank, also known as the Indonesian Export Financing Institution (LPEI), will, in the initial stage, guarantee 50 percent of Permata Bank’s loans allocated to export-oriented companies.    Sinthya Roesly, the president of Indonesia Eximbank, said the agreement to partly guarantee Permata’s export credit was part of Indonesia Eximbank’s mission to provide financial support for the country’s export-oriented companies. In addition to the loan guarantee, the government-owned financing agency also has the task of providing export credit. “We were given a mandate by the go...