Indonesia / Loan insurance for PT Oto Multiartha and PT Summit Oto Finance
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has decided to provide insurance for loans that Deutsche Bank AG, Tokyo Branch will extend to automotive financing providers PT Oto Multiartha (OTO) and PT Summit Oto Finance (SOF), which are Sumitomo Corporation’s affiliated companies in the Republic of Indonesia (Indonesia). The amount of NEXI’s support is JPY5billion to OTO and JPY10billion to SOF respectively.
OTO and SOF are engaged in financing on cars and motorcycles, respectively, the majority of which are made by Japanese manufacturers. As unit sales of vehicles are expected to rise in Indonesia due to growing population and income levels, NEXI will help Japanese automakers increase their sales in the country by underwriting insurance for loans to OTO and SOF.
As a Japanese financial institution to implement national policies, NEXI will continue to actively support Japanese companies in their global business activities.
| Insured | Deutsche Bank AG, Tokyo Branch |
| Insured amount | JPY 5 billion (for OTO), JPY 10 billion (for SOF) |
| Tenor | Approximately 3 years |
| Covered risks | Political risk 100% |
Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7674