Indonesia Eximbank plans to issue IDR2.5 trillion bonds in semester I/2010 to refinance the due date bonds. The company target to grow asset by IDR5 trillion from IDR15 trillion last year.
Indonesia Eximbank also got credit commitment from the Asian Development Bank (ADB) and World Bank worth each US$100 million. The company also have credit facility from the Japan Bank for International Cooperation (JBIC) worth US$100 million and it will be continued to the new commitment to provide up to US$500 million.
For this year due date bonds worth US$201 million will be refinanced by issuing bonds and expanding syndicated or bilateral loans.
To balance the massive expansion scheme, the company has got commitment of IDR2 trillion capital injections from the government which is expectedly to materialize this year.
All the funds will mostly be used in support of the expansion of working capital and investment financing for export import activities.
The financing is still dominated by the manufacture industry worth 55 percent and agribusiness 30 percent. the rest is expected to grow such as construction service which is potentially to hit the North African markets.
Total assets of Indonesia Eximbank last year stood at IDR13 trillion with financing outstanding worth IDR9 trillion. The unaudited net profit by end of 2009 stood at IDR72 billion.
Besides, the loan deposit ratio (LDR) stood at 80.99 percent. This year Indonesia Eximbank targets the total asset into IDR18 trillion.
Indonesia Eximbank is targeted to swell the assets up to IDR48 trillion as from early position of IDR10.2 trillion in the next five years following the operational of export financing institution in July 2009.
To balance the massive expansion scheme, the company has got commitment of IDR2 trillion capital injections from the government which is expectedly to materialize this year.
All the funds will mostly be used in support of the expansion of working capital and investment financing for export import activities.
The financing is still dominated by the manufacture industry worth 55 percent and agribusiness 30 percent. the rest is expected to grow such as construction service which is potentially to hit the North African markets.
Total assets of Indonesia Eximbank last year stood at IDR13 trillion with financing outstanding worth IDR9 trillion. The unaudited net profit by end of 2009 stood at IDR72 billion.
Besides, the loan deposit ratio (LDR) stood at 80.99 percent. This year Indonesia Eximbank targets the total asset into IDR18 trillion.
Indonesia Eximbank is targeted to swell the assets up to IDR48 trillion as from early position of IDR10.2 trillion in the next five years following the operational of export financing institution in July 2009.
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