Jakarta. Indonesia Eximbank, also known as Lembaga Pembiayaan Ekspor Indonesia or LPEI, said Wednesday that it had secured a $500 million foreign currency syndicated loan from various international financial institutions.

This facility consists of an initial commitment of $350 million provided by the Mandated Lead Arrangers & Bookrunners (MLAB), with a greenshoe option of up to $150 million. The greenshoe option offering resulted in an oversubscription of $225 million. This 150-percent oversubscription rate reflects the confidence of foreign financial institutions in Indonesia Eximbank's performance.

Indonesia Eximbank's Managing Director of Finance, Operations, and Information Technology, Anwar Harsono, said that the funding would strengthen the agency's capacity to fund exporters. It also mitigates risk exposure to exchange rate fluctuations.

"The 150 percent oversubscription rate reflects the high level of confidence from international financial institutions in Indonesia Eximbank's improving financial performance, as well as recognition of its consistency in improving institutional governance and strengthening its strategic role in supporting national exports," Anwar was quoted as saying in a press statement.

Indonesia Eximbank inked the syndicated loan agreement on July 28, 2025, with a three-year term from the date of disbursement. The agency attributed the success of the fundraising to its collaboration with banking partners, including MLAB, CIMB Bank Berhad Singapore Branch, Maybank Securities Pte. Ltd., National Bank of Kuwait S.A.K.P. Singapore Branch, Taipei Fubon Commercial Bank Co., Ltd., and United Overseas Bank Ltd. (UOB), which also acts as facility agent.

At home, Indonesia Eximbank also secured an additional temporary loan facility of Rp 1.25 trillion (around $74.7 million). With this additional loan, the total loan disbursed by Bank Maspion now reaches Rp2.5 trillion.

"This shows how Indonesian banks trust our credibility and strategic role as a government institution supporting national export growth," Anwar said.

Indonesia Eximbank also recorded a solid performance through the third quarter of 2025. 

In terms of productive asset quality, financing managed by business units increased 5% year-to-date (YTD) to IDR 31.7 trillion as of September 2025. Trade finance transaction volume reached Rp 17.6 trillion, guarantees reached Rp 4.7 trillion, and export insurance volume remained at Rp 7.1 trillion. The capital adequacy ratio (CAR) remained stable at 37.1 percent, with the non-performing loan ratio decreasing to 3.5 percent from 4.5 percent.

The agency has also supported exports from a non-financial perspective. Indonesia Eximbank has improved the quality of 427 foreign exchange villages and created 318 new exporters by the end of September 2025.

Indonesia Eximbank also runs the Penugasan Khusus Ekspor (PKE) or National Interest Account (NIA) program. This government-backed program aims to support transactions or projects that are commercially difficult to implement but deemed essential to support Indonesia's national export and foreign exchange policies. In Q3 2025, PKE financing has reached Rp 6.3 trillion, a 39 percent year-on-year increase. This aligns with the institution's strategy to strengthen the PKE program and expand Indonesia's export reach to new markets in non-traditional countries.

"Indonesia Eximbank is committed to maintaining the trust placed in us by striving for improvement and healthy institutional growth through strategies to strengthen risk management and asset quality, as well as implementing a business model focused on its mandate and role in filling the market gap in export financing. This implementation is carried out while prioritizing good corporate governance and the principle of prudence," said Anwar.

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