Republic of Indonesia / Loan Insurance for Auto Financing of PT Oto Multiartha
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI) (Chairman and CEO: Kazuhiko Bando) has decided to provide insurance for Deutsche Bank AG, Tokyo Branch’s loan of JPY 5 billion to PT Oto Multiartha (Oto), an Indonesian affiliated company of Sumitomo Corporation .
Oto’s main business is to provide loans to Indonesian consumers for purchasing four-wheel vehicles mainly produced by Japanese automakers. The sales volume of these vehicles has seen a steady increase, driven by Indonesia’s rising population and income levels.
NEXI’s insurance support for the financing activity of Oto is expected to contribute to strengthening sales of Japanese car manufacturers in Indonesia.
As a Japanese policy-based financial institution, NEXI will continue to actively support Japanese companies in their expansion of overseas business.
Insured | Deutsche Bank AG, Tokyo Branch |
Insurad value | JPY 5 billion |
Tenor | 3 years |
Covered risks | Political risk 100% |
Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
Tel: +81-3-3512-7674