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Republic of Indonesia / Loan Insurance for Auto Financing of PT Summit OTO Finance


February 5, 2018

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Kazuhiko Bando) has decided to provide insurance for a loan provided by Deutsche Bank AG, Tokyo Branch to PT Summit OTO Finance (“SOF”), an Indonesian affiliated company of Sumitomo Corporation1. NEXI’s insurance will support Deutsche Bank’s JPY 3 billion loan.

SOF’s main business is to provide auto loans to consumers in the Republic of Indonesia for purchasing two-wheel vehicles, which are mainly manufactured by Japanese motorcycle companies. Sale volume of two-wheel vehicles has grown significantly in Indonesia, driven by rising population and income levels.

NEXI’s insurance support to financing activity of SOF is expected to contribute to further increase in sales of Japanese automakers in Indonesia.

NEXI will continue to provide support for global business activities by Japanese companies.


(Reference)
Insured Deutsche Bank AG, Tokyo Branch
Insurable Value JPY 3 billion
Tenor 3 years
Covered Risk Political Risk 100%

Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
     Tel: 03-3512-7674



1 Please see News Release dated February 4, 2014 for the first transaction.

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