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19 th ACSIC Training Program

19 th ACSIC Training Program. Bangkok, 09 – 14 August 2009. CREDIT GUARANTEE MANAGEMENT UNDER THE ECONOMIC CRISIS AND MEASURES TO BOOST ECONOMY. PT ASURANSI KREDIT INDONESIA. Mr. Adjis Junta Ms. Nina Windyatantri.

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19 th ACSIC Training Program

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  1. 19th ACSIC Training Program Bangkok, 09 – 14 August 2009 CREDIT GUARANTEE MANAGEMENTUNDER THE ECONOMIC CRISISAND MEASURES TO BOOST ECONOMY PT ASURANSI KREDIT INDONESIA Mr. Adjis Junta Ms. Nina Windyatantri

  2. CREDIT GUARANTEE MANAGEMENTUNDER THE ECONOMIC CRISISAND MEASURES TO BOOST ECONOMY • Preface • The Picture of Indonesian Economic Condition • The Impact of Economic Crisis on PT Askrindo • Measures Taken by PT Askrindo in Dealing With Impact of Economic Crisis • Credit Guarantee and Its Function in Economic Growth

  3. PREFACE

  4. Established : April 6th 1971 as a State Owned Company The Shareholder : 82.4% of Republic of Indonesia 17.6% of Indonesia Central Bank Line of Business : Financial Risk Services Total Equity : Rp 1.86 trillion Branches : 16 branches 17 marketing representatives Employee : 417 peoples Subsidiary company : PT Reasuransi Nasional

  5. The Products • Credit Guarantee • a. Micro and Small Enterprises Loan Guarantee - Guarantee for cash loan <IDR 500 million - 9 (nine) types (includes KUR) - Automatically covered based on Credit Guarantee Corporation Agreement • b. Middle Market Loan Guarantee • - Guarantee for cash loan >IDR 500 million • - Case by Case system • - Guarantee amount IDR 28.425.352 million • (last five years)

  6. The Products • Credit Insurance & Surety • a. Trade Credit Insurance Provided for manufacturer or distributor (Insured) against buyer’s credit payment risk arising from trade transaction. • b. Surety Bond & Customs Bond • - Surety, guarantee for project owner/obligee/ bouwheer • - Customs, guarantee for Director of Customs and Tariffs • - Guarantee for Bank Guarantee, guarantee for bank which issues Bank Guarantee to Principal.

  7. The Products • Reinsurance • - Outgoing and Incoming Reinsurance for Credit Insurance and Surety bussiness

  8. THE PICTURE OF INDONESIAN ECONOMIC CONDITION

  9. The impact of crisis in Indonesia especially during the 4th quarter of 2008  business world & banking industry • Indonesia’s economic growth 6.1% during 2008 and 5.2% in the 4th quarter of 2008 (3.6% lower than the same quarter of the previous year) • Economic crisis caused : - the decreasing of export demands - the increasing of poverty level - the people’s lower purchasing power - receding people’s confidence in the financial sector especially the banking sector - uprising credit risk

  10. THE IMPACT OF ECONOMIC CRISIS ON PT ASKRINDO

  11. The crisis impact began to show up as in 2009 the amount of guarantee was going downward and claims tended to rise • Development of Credit Guarantee Product • Rp (million)

  12. Development of Premium Revenue • Rp (million)

  13. Development of Approved Claims • Rp (million)

  14. MEASURES TAKEN BY ASKRINDO IN DEALING WITH IMPACT OF ECONOMIC CRISIS.

  15. Micro and Small Enterprises’s Credit Guarantee a. KUR Program - To expedite the process of certificate issuance services based on prevailing regulations. - To expedite claim settlement process by KUR executing banks based on prevailing regulations. - To conduct orderly administration supported by computerization to support the implementation of credit program. - To provide employees with educational and training programs on credit guarantee program. - To communicate credit guarantee program to KUR executing banks. - To establish close communication with executing banks to ensure smooth implementation of credit guarantee program. - To do reconciliation on credit guarantee data of Askrindo and data of KUR executing banks.

  16. Other Credit Guarantee Programs- PT Askrindo keeps striving to carry out guarantee process prudently by applying prudent principles - continues to provide prime services to its customers reaching production target at low rate claims.

  17. Middle Market Loan Guarantee - To enhance credit guarantee services while firmly adhering to prudent principles in doing guarantee business. - To implement ‘know your customer’ principle - To conduct careful and complete analysis on the completeness of guarantee application data. - To conduct risk survey and monitoring on the projects that require guarantee. - To limit credit guarantee for Working Capital Credit, which is based on revolving and long term permanent investment. - To limit import based economic sectors and industries which are affected by economic crisis, such as textiles, furniture and electronics. - To prioritize on working capital credit on the basis of working contract ( project financing) - To conduct careful reviews on the renewal application of permanent working capital guarantee.

  18. CREDIT GUARANTEE AND ITS FUNCTION IN ECONOMIC GROWTH

  19. > The micro, small and medium scale businesses are expected to be a driver of national economy as they have well-proven ability to survive during crisis.> The MSMEs contribute to Gross Domestic Product (GDP) in the amount of Rp. 2.12 trillion, or 53.6% of total GDP of Indonesia, with the total MSME players presently amounting to 49.8 million business units, or 99.99% of total business players in Indonesia (Central Statistics Bureau data), involving 91.8 million workers, or 97.3% of the current entire work force.> The Indonesian Government has been issuing policies which aim at empowering MSMEs role by among others such as issuing KUR program with guarantee scheme for providing MSMEs with easy access to financing or credit from bank.

  20. > Benefits of KUR Guarantee - To provide MSMEs with easy access to financing - To make the real sector grow - To boost national economic growth> KUR Realization

  21. > PT Askrindo had realized credit guarantee (for credit program and non program under Rp. 500 million and medium credit guarantee) in the amount of Rp. 79,499,005 million for 7.644.623 debtors, and the claims paid amounting to Rp. 1.972.697 million, resulting in Rp. 1,157,066 million in premium.> Up to April 2009, PT Askrindo had covered KUR program’s amounting to Rp. 10.6 trillion, higher than the amount recorded in December 2008, which was Rp. 8.528 trillion.>In the first quarter of 2009, PT Askrindo provided indemnity amounting to Rp. 6.7 billion compare Rp. 2.2 billion on 2008. The claims paid Rp. 12.8 billion, a significant increase from the claim recorded in the fourth quarter of 2008, which was Rp. 3.6 billion.

  22. salamat 謝謝你 धन्यवाद ขอบคุณ TERIMA KASIH Thank You 고맙습니다 ありがとうございました

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