Creditor Confidence Rises, Indonesia Eximbank Ready to Strengthen Indonesia's Export Mandate

Jakarta, 19th November 2025 – Indonesia Eximbank raised funds through a US$500 million foreign currency syndicated loan from various international financial institutions.

This facility consists of an initial commitment of US$350 million provided by the Mandated Lead Arrangers & Bookrunners (MLAB), with a greenshoe option of up to US$150 million. The greenshoe option offer resulted in an oversubscription commitment of US$225 million. The oversubscription rate of the greenshoe option, which reached 150%, reflects the high level of interest and confidence of international financial institution partners in the performance and business prospects of Indonesia Eximbank.

Indonesia Eximbank's Managing Director of Finance, Operations, and Information Technology, Anwar Harsono, expressed his appreciation for the trust and commitment shown by all participating banking partners and institutions. This foreign exchange syndicated financing will strengthen Indonesia Eximbank's capacity to support business development and financing for exporters, while also protecting against exposure to exchange rate fluctuations.

“The oversubscription rate of 150 percent reflects the high level of confidence of international financial institutions in the improved financial performance of Indonesia Eximbank, as well as recognition of Indonesia Eximbank's consistency in improving its corporate governance and strengthening its strategic role in supporting national exports.”

This syndicated loan agreement was signed on July 28, 2025, with a three-year tenor from the date of fund withdrawal.

The success of this fundraising is inseparable from the good cooperation between Indonesia Eximbank and its banking partners involved in the syndicated facility, acting as Mandated Lead Arrangers & Bookrunners (MLAB), namely CIMB Bank Berhad Singapore Branch, Maybank Securities Pte. Ltd., National Bank of Kuwait S.A.K.P. Singapore Branch, Taipei Fubon Commercial Bank Co., Ltd., and United Overseas Bank Ltd. (UOB), which also acted as Facility Agent.

Meanwhile, on the domestic creditor side, Indonesia Eximbank once again gained the trust of Bank Maspion through an additional temporary loan facility of IDR 1.25 trillion. With this addition, the total loan provided by Bank Maspion now reaches IDR 2.5 trillion.

“This step is considered a tangible form of trust by Indonesian banks in the credibility and strategic role of Indonesia Eximbank as a government institution that supports national export growth. This additional financing also reflects the synergy between banking partners and Indonesia Eximbank in strengthening export financing and promoting the competitiveness of Indonesian products in the global market,” said Anwar.

Domestic and foreign creditors' trust was gained thanks to the institution's improved performance, as reflected in Indonesia Eximbank's solid financial position through the third quarter of 2025. In terms of productive asset quality, financing managed by business units increased by 5% year-to-date (YTD) to Rp31.7 trillion as of September 2025. On the other hand, the volume of trade finance transactions reached IDR 17.6 trillion, guarantees reached IDR 4.7 trillion, and the volume of export insurance remained at IDR 7.1 trillion. The capital adequacy ratio (CAR) remained at 37.1% with the non-performing financing (NPF Net) ratio recorded a decrease to 3.5% from 4.5%.

On the other hand, Indonesia Eximbank has also shown positive achievements in supporting Indonesian exports from a non-financial perspective. Indonesia Eximbank has improved the quality of 427 Foreign Exchange Villages and created 318 new exporters by the end of September 2025.

In addition to commercial financing, Indonesia Eximbank, as a financial institution supporting the national export program, carries out special tasks from the Government through the Special Export Assignment (PKE) or National Interest Account (NIA) program, which is a program provided by the Government to support transactions or projects that are commercially difficult to implement but are considered important to support Indonesia's national export and foreign exchange policies.

In the third quarter of 2025, the PKE/NIA program recorded good growth with total PKE financing reaching IDR 6.3 trillion, an increase of 39% YoY, in line with the institution's strategy to strengthen the PKE program and expand Indonesia's export reach to new markets in non-traditional countries.

“Indonesia Eximbank is committed to maintaining the trust placed in us through efforts to improve and achieve healthy growth for the institution by strengthening risk management and asset quality, as well as implementing a business model focused on our mandate and role in filling the market gap in export financing. This is, of course, carried out by prioritizing good corporate governance and the principle of prudence,” said Anwar.