Indonesia / Loan Insurance for PT Bussan Auto Finance

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 provide to automotive financing providers PT Bussan Auto Finance (BAF). BAF is a company in the Republic of Indonesia (Indonesia), with Japanese shareholders, Mitsui & Co., Ltd., Yamaha Motor Co., Ltd. (YMC) and JA Mitsui Leasing, Ltd.

BAF is engaged in financing on cars and motorcycles, especially for new motorcycles manufactured by PT. Yamaha Indonesia Motor Manufacturing (YIMM), a subsidiary of YMC, and most cars are made by Japanese manufacturers. Unit sales of vehicles are expected to rise in Indonesia due to growing population and income levels. NEXI will help Japanese Companies including automakers to strengthen their sale business in the country by underwriting insurance for loans to BAF.

As a Japanese financial institution to implement national policies, NEXI will continue to actively support Japanese companies in their global business activities.

Reference

Contact
Infrastructure Group
Structured and Trade Finance Insurance Department
Tel: +81-3-3512-7674