Bank Mandiri Market Trade Finance Target 20%
Finance August 13th, 2009
PT Bank Mandiri Tbk (BMRI) could make a target market share of 17-20 per cent of the total volume of exports and imports in Indonesia next year. Certainty is obtained after the Bank Mandiri received trade financing facility (trade finance programs Facilitation / TFFP) from the Asian Development Bank’s (ADB).
“Bank Mandiri will target could make a market share of 17-20 per cent of the total volume of exports and imports of Indonesia. Moreover, this loan facility will not be eroded the capital adequacy ratio (Capital Adequacy Ratio / CAR) companies,” explained Director of Treasury and International Banking Bank independent Thomas Arifin, after the signing of cooperation with the ADB Bank Mandiri and Bank Artha Graha, the Hotel Dharmawangsa, Jakarta, Wednesday (25/11/2009).
Admitted that his side with a TFFP participants in this bank, Bank Mandiri will have easier access to boost trade finance credit lines. And to increase trade volume of Bank Mandiri and open new business opportunities, especially to countries which so far the volume of trade with Indonesia is still quite low.
According to data from the Ministry of Trade of Indonesia, until August 2009, Indonesia trade transactions to Asian countries dominate enough. Special to the Southeast Asia region, the total volume of exports and imports of Indonesia is USD24 billion, or 22 percent of the total value of trade in Indonesia, while other Asia-Pacific region of USD51 billion.
As of September 2009, according to SWIFT Watch, the number of transactions L / C exports and imports through Bank Mandiri is for a total of 20,300 transactions from 109 thousand transactions L / C nationally.
