Overview of Indonesia Eximbank (Lembaga Pembiayaan Ekspor Indonesia / LPEI)
Education • Master Degree PPM Business School – Jakarta Economics - Major in Finance • Bachelor Degree University of Indonesia Civil Engineering Major in Structure Working Experience : • Strategic & Development – VP / Indonesia Eximbank • Head of Medan Regional Office - VP / Indonesia Eximbank JOGI ARDANA • Depertement Head Credit Analyst- AVP / Indonesia Eximbank 0816-1841794 • Risk Analyst - SM / Indonesia Eximbank jogi@indonesiaeximbank.go.id • Relationship Manager / Indonesia Eximbank • Senior Staff / Orix Indonesia Finance • Plant Manager – Spv / PT. Jaya Readymix
Agenda Management Composition 1 Profile of LPEI 2 Financial Performance 3 Strategic Initiative and Challenge 4 Government Support 5 2
1 Management Composition 3
Board of Directors Sinthya Roesly Chairperson of the Board of Directors concurrently Executive Director Arif Budimanta Felia Salim Suminto Arlinda Imbang Jaya Member Member Member (Ex-Officio Ministry of Member (Ex-Officio Ministry of (Independent) (Independent) Finance of the Republic of Indonesia) Trade of the Republic of Indonesia) 4
Management Sinthya Roesly Chairperson of the Board of Directors concurrently Executive Director Dikdik Yustandi Djoko Retnadi Agus Windiarto Henry Sihotang Chesna F Anwar Yadi Jaya Ruchandi M. Guntur Managing Director I Managing Director II Managing Director III Managing Director IV Managing Director V SEVP I SEVP II 5
2 Profile of LPEI 6
Indonesia Eximbank at a Glance History of Indonesia Eximbank Mandate & Responsibilities Main Activity To support national export programmes through Present 1. Financing 1999 2009 national export financing; in the form of 2. Guarantee financing, guarantee and insurance 3. Insurance IEB officially operated on IEB’s predecessor 4. Advisory Services September 1, 2009 Bank Ekspor Special Institution Status to encourage national Indonesia (“BEI”) exports established Indonesia Eximbank operates independently, in accordance to Law No. 2 of 2009 (Lex Specialist) Office Network Governance Structure Indonesia Eximbank “One Board - One Star” was established based on Law No. 2 Government Ownership of 2009 concerning 100% owned by government – the capital of IEB is Lembaga Pembiayaan not divided into shares Ekspor Indonesia (Indonesia Eximbank) International Credit Ratings idAAA ( stable ) Pefindo : March, 2019 Baa2 ( stable ) Moody’s: April, 2019 BBB ( stable) Fitch: July, 2019 BBB ( stable) S&P: June, 2019 7
Governance: One Board System LPEI applies “ One Board System ”, which Board The Board of the Directors of Director is sole organ of the institution. The Chairperson concurrently as Board of Director roles are to formulate and Executive Director. determine the policies and to supervise the operations of institution. Managing Director appointed by the Board of the Directors to assist Executive Director The regulations that have been formulated by the Board of the Directors are related to: The membership of the Board of Directors shall be maximum of 10 (ten) persons, comprising of: 1. Export financing which is the 5. The governance of proposing, a. 3 (three) government officials from the institution or operationalization of National Export appointment, and discharge of Managing department in charge in fiscal, 1 (one) government Financing policy. Directors official from the institution or department in charge in 2. Financing, Guarantee, Insurance, and 6. Formulating of Long-Term Plan and trade, 1 (one) government official from the institution or Advisory Services as well as other Annual Plan. department in charge in industry, 1 (one) government activities that are regulated by the Act 7. Evaluation of implementation of business official from the institution or department in charge in no.2/2009. activities. agriculture. 3. Funding and Placement of Fund. 8. Organization Structure. 4. Supervisory of Financing, Guarantee, 9. The procurement of moving asset, b. maximum of 3 (three) persons from external and 1 (one) Insurance, and Advisory Services immovable asset and services. person from internal LPEI. activities. 10. Legal aid. 8
9 Regulatory Framework: Guidance and supervision Government of Indonesia through Indonesia Financial Services Authority The Central Bank of the Republic of Indonesia Ministry of Finance of the Republic of Indonesia Law No. 2 Year 2009 Law No. 21 Year 2011 Law No. 23 Year 1999 “ 100% owned by the Government, capital is not divided into shares “ Regulation, Policy Regulation Payment system and coaching Foreign Exchange and Foreign Institution Plan Supervision Debt 9
10 Framework Indonesia Eximbank as an Eximbank/ECA (Policy Bank) In accordance to Law No. 2 Year 2009 Vision Become a credible Eximbank in encouraging national exports that are highly competitive at the global level Mission 1 2 3 Improving the ability of businesses, Encouraging good business climate Providing national export financing services including small and medium enterprises, to sustainability that is conducive to a as well as quality consulting services as a produce good quality and competitive sustainable national export growth solution to Indonesia's export needs export-oriented products Outcome Implementation of Mandates Institutional Leadership Institutional Positioning Value Proposition Providing guidance and Providing assistance needed by Providing financing for Helping to overcome the obstacles faced consulting services to banks, parties in the framework of exports in transactions or projects that are by banks or financial institutions in financial institutions, order to produce goods and services categorized as non-bankable, but providing financing for exporters who are exporters, export goods and / or other businesses that support have prospects in increasing commercially potential and / or important producers, especially SMEs exports national exports in Indonesia's economic development and Export Oriented SMEs (Aticle 13 clause 1a) (Article 13 clause 1b) (Article 13 clause 1c) (Article 13 clause 2a) National Export Financing Financing Guarantee Advisory Services (Article 5) (Article 5 verse 1a) (Article 5 verse 1b and Article 7) (Pasal 13 verse 2a) 10
Indonesia Eximbank’s Roles on KD-PEN In Article 26 Basic Policy of National Export Financing (KD-PEN), it is mentioned that Indonesia Eximbank also carries out other activities that support its duties, functions and authorities, by providing: (a) Re- guarantee; (b) Joint Guarantee); (c) Financing for Import substitution; (d) Financing for imports of raw materials to meet the national needs; (e) Facility for trade fee activities; (f) Discounting facilities; (g) Acting as a facilitator, accelerator, aggregator, and arranger to support export activities; (h) Conducting technical assistance; (i) Providing facility for warehouse receipt financing and/or proofs of collateral management agreement; (j) Conducting marketing, promotion, and cooperation with government and other stakeholders at the export destination countries, while maintaining coordination with other related ministries/institutions; (k) Other activities which are approved by the ministers. Facilitator Aggregator Arranger Accelerator Indonesia Eximbank Indonesia Eximbank Indonesia Eximbank conducts Indonesia Eximbank collects and gathers facilitates syndicates, accommodates exporters activities to simplify export export information, data, and analysis for both with local and activity and/or interests with obstacles (ex: regulations) in the best interest of the stakeholders, foreign banking to related institutions in order to export destination countries by collectors and/or payment managers for provide financing for tacle export obstacles providing facilities export transaction overseas projects
12 Mandate Implementation and Funding Support Lembaga Pembiayaan Ekspor Indonesia Financing (Art. 6) General Special Guarantee (Art. 7) Financing Assignment Assignment Insurance (Art. 8) Guarantee ( Commercially ( National Interest Advisory Services (Art.13) Insurance Viable ) Account ) Placement (Art.14) Source of Fund Source of Fund Bank Indonesia’s Issuance of securities PMN Grant Government Equity Participation placement of fund (PMN) Loan (foreign gov, Multilateral agencies, Bank/ FI, Government)
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