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Signing of Understanding Memorandum Between Indonesian Export Financing Institutions and 15 Banks

Signing of Memorandum of Understanding Between Indonesian Export Financing Institutions and 15 Banks Concerning Provision of Government Guarantees for Corporate Business Actors in the Context of National Economic Recovery

To
Valued Customers
PT Bank Resona Perdania

On July 29, 2020, Bank Resona Perdania has signed a Memorandum of Understanding Between Indonesian Export Financing Institutions together with 15 Banks Concerning Provision of Government Guarantees for Corporate Business Actors in the Context of National Economic Recovery. Besides Bank Resona Perdania, the 14 other banks include BCA, BNI, BRI, BTN, Bank Mandiri, Bank Danamon, Bank DKI, Bank HSBC, Bank DBS, Bank ICBC Indonesia, Maybank Indonesia, MUFG Jakarta Branch, Standard Chartered Bank Indonesia, and UOB Indonesia.

The MoU signing ceremony was attended by the Minister of Finance (Sri Mulyani), the Coordinating Minister for Economic Affairs (Airlangga Hartarto), the Coordinating Ministry for Maritime Affairs and Investment (Luhut Binsar Pandjaitan), the Ministry of State-Owned Enterprises (Erick Thohir), Chairman of the Board of Commissioners of the Financial Services Authority (OJK) (Wimboh Santoso), and Chairperson of the Board of Directors and concurrent Executive Director of Indonesia Eximbank (Daniel Rompas).

Brief information regarding the Government Guarantee Program is as follows:

1. Debtors are COVID-19 stimulus recipient requiring additional working capital with the amount of IDR10 Billion – IDR1 Trillion, short tenor (1 year), revolving until 30 November 2022;
2. Total Government Guarantee Portion to 15 banks are IDR100 Trillion;
3. Related with Export – PP 43/2009 or Labor Intensive (Minimum 300 Workers) – PMK 16/2020;
4. Additional Loan IDR10 – IDR300 Billion (Premium will be paid by the government) and IDR300 Billion – IDR1 Trillion (Premium will be paid 50% by the government);
5. Priority sector will receive coverage up to 80% are tourism, automotive, textile and textile products (garment), footwear, electrical, processed wood, furniture and paper products. Meanwhile, other sectors will receive 60% coverage;
6. This program is applicable from today, 29 July 2020 until 30 November 2021.
7. The coverage portion will be excluded from BMPK (LLL)  and ATMR 0%.

Should you have any further query related to the Government Guarantee Program, please contact the Business Strategy Division Attn. Mr. Penta Junianto Kistriono (5110), Mr. Diyan Prabowo (5141) or Ms. Onika Jade Harahap (5132).

Thus we informed.

Thank you for your attention and cooperation.

Best regards,
PT Bank Resona Perdania