Nusa Dua, Bali - PT Bank Mandiri Tbk plans for the loan of U.S. $ 250 million syndicated loan from several foreign banks and the ADB (Asian Development Bank) to fund the credit needs of corporate foreign exchange.This is said by the Director of Bank Mandiri Agus Martowardojo when found the event to the Annual Meeting-42 ADB in Westin Hotel, Nusa Dua, Bali, Sunday (3/5/2009).
"We have plans with the ADB loan amounting merealisasi U $ 250 million which the ADB will participate in the U.S. $ 75 million, but there will be cooperation in the form of trade finance," he explained.
Agus said, in a global economic crisis at this time, a decline international trade activities, for some countries tended to close the company itself and some difficult to access the banking system.
"Therefore, the ADB will be working with banks in Asia to help expedite the process so that the import to export. I think will be realized in the quarter-II in 2009," he explained.
Meanwhile, financing for trade cooperation with ADB, Agus explains the purpose of cooperation is to make trade between countries of the better and eliminate barriers, "he said.
"We pay the company directly below us or the banks bantu local amenities that are received by banks in foreign countries, size can be large enough cooperation to U.S. $ 500 million or Rp 5 trillion," he said.
Meanwhile, with the ADB meeting in Bali this, Agus said to help stimulate the economy when the crisis occurs, repair intermediasi banking functions to be performed.
"And also the need for coordination, not only the monetary aspect, but especially fiscal activities," tukas Agus.
Cooperation
Bank Mandiri exploring cooperation with the Asian Development Bank (ADB) and International Finance Cooperation (IFC) to provide facilities to export financing (Letter of Credit) for companies of Indonesia
to export, especially to countries in Asia that have high credit risk.
With cooperation, ADB will ensure the risks of export financing by the Bank Mandiri.
According to the Director of Treasury and International Banking Mandiri Thomas Arifin cooperation it has conducted itself since months ago.
"The agreement was signed with the IFC in the last month, while the ADB we are doing finalization of the agreement," he said at the ADB annual meeting to-42 in Nusa Dua, Bali, Sunday (3/5/2009)
He said that demand from various high-risk country that is big enough, but this has not been there for exporters who dare to publish the Letter of Credit (LC) will make the time to export to these countries
He added that the bank was red plate will have the flexibility in the provision of export financing. Section of the Basel II, the risk of financing by the IFC and ADB, the loans are categorized as having zero risk (zero risk).
This will encourage the occurrence of two points positive economic growth for Indonesia in the middle of the export performance of Indonesia tertekannya. With the situation the export market as depressed at this time, the companies will have the opportunity to switch its export to new markets that have not been tergarap maximum.
In addition, in the future Indonesia will have a bargaining position is better and does not depend on exports to developed countries, such as this occur.
According to him, with zero risk category, the process of restructuring of debt held by exporters will be more easy to do. During this banyk banking yng reluctant to provide additional financing because there are risks that must be certified, and exporters have not settle their obligations old. Even if there is, generally requires the addition of bank capital allocation.
With a full guarantee from IFC and ADB, the allocation of capital to guarantee publication of LC can be reduced. In addition, exporters will be able to achieve revenues from the new market, which can be used to maintain continuity of business, and pay off its obligations to Bank Mandiri.
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