Eleven Indonesian banks to receive US financing

Antara News, Friday, June 18, 2010 20:58 WIB

Jakarta (ANTARA News) - The Export-Import Bank of the United States (Ex-Im Bank) Friday announced that it has given initial approval to 11 banks in Indonesia to receive financing as part of the banking facilities amounting to one billion dollars to support US exports to Indonesia.

The 11 banks are Indonesia Eximbank, Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia, Bank Central Asia, Bank Danamon, Panin, Bank CIMB-Niaga, Bank OCBC Indonesia, Bank Internasional Indonesia and Bank UOB Buana.

Chairman and President of the US Ex-Im Bank, Fred P. Hochberg, through a press statement released by the U.S. Embassy in Jakarta, Friday, announced a new banking facility on Friday at a meeting with Coordinating Minister for Economic Affairs of Indonesia in Jakarta.

"With a diverse economy that continues to grow, Indonesia offers huge opportunities for U.S. exporters in various sectors. This banking facility will allow Indonesian companies to access financing of Ex-Im Bank support from their local banks and help Ex-Im Bank approved the transaction faster," said Hochberg.