Improving the Role of Eximbanks/ECAs in the OIC Member States
154
Indonesia
Indonesia Eximbank (Lembaga Pembiayaan Ekspor Indonesia or LPEI)
Name of Entity: Indonesia Eximbank (Lembaga Pembiayaan Ekspor Indonesia or LPEI)
Status: 100% Government Ownership
(under Minister of Finance)
Corporate Form: State-owned Company
Year of Establishment:
2009
Capital: IDR 7.875 trillion
(USD 643 million)
Size of staff: 312
Financial outturn (Net Income):
2011 2012 2013
IDR Mn 466 584 778
USD th 45 56 75
Assets: IDR 46.5 trillion at end-2011 (USD 3.8 billion)
Product Offerings
Financing
 Export Working Capital Credit Facility (KMKE) is based on an exporter’s need for the working
capital and aimed at promoting export of goods and services.
 Export Investment Credit is provided to the exporter to finance investments aimed at creating
and/or improving production capacity for export activities.
 Warehouse Receipt Financing Facility is a working capital financing for the value of the
goods/commodities in the warehouse provided to the exporter.
 Export Bills or Receivables Discounting is in the form of expropriation of the export invoices of
the goods and services in discount with recourse.
 Trust Receipt facility is part of the import facility provided to exporters to take out the imported
goods, usually raw materials, for processing and sale, after which the sales funds are used to
settle obligations.
 Project Financing is provided to the Project Company, which is an entity with an export-
supporting business. Financing can be domestic and overseas and in the case of the latter the
company has to have a participating share by participating as a contractor or supplier through a
Joint Venture of an Indonesian company.
 Buyer’s Credit facility is provided to Indonesian importers of goods and/or services (which may
be used in the production of exports) and aims to increase the sales of the relevant exporters.
 SME Domestic Financing: Includes Working Capital Export Financing; Investment Export
Financing; Warehouse Receipt Financing; Export Bills Purchasing; Letter of Credit/SKBDN
Financing; Trust Receipt; Supplier Bills Purchasing; Plasma-Farm Plantation Loan; Overseas
Financing; Buyer's Credit; Overseas Investment Financing and Overseas Project Financing.
 SME Overseas Financing, including: Buyer's Credit; Overseas Investment Financing; and
Overseas Project Financing.
Guarantee
 Export Working Capital Credit Guarantee (KMKE) is provided by LPEI who serves as a guarantor
to a public bank to cover risk of non-payment by the exporter receiving the KMKE.
 Import L/C Guarantee Facility serves as confirmation for the L/C issued by another bank at the
request of an exporter for the procurement of raw materials or spare parts to be used in the
manufacturing of export goods and services.
 Guarantee for Deferment / Exemption of Excise Facilities Import Facility for Export Purpose
(KITE).
Insurance
 Insurance for the risk of export failure
 Insurance for the risk payment failure
 Insurance for investment made by Indonesian companies overseas
 Insurance for any political risk in a country of destination for exports