Bank Mandiri Claims To Facilitate 44 Percent Of Indonesian Export Transactions Worth IDR 429 Trillion

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Mandiri Tbk. said that 44 percent of Indonesia's total export transactions in the January-April 2021 period were successfully facilitated by the company with a value of IDR 429.2 trillion.

Bank Mandiri Director of Treasury and International Banking Panji Irawan said his party was committed to continuing to encourage foreign trade activities to accelerate economic activity from the impact of the pandemic.

"The size of the export transaction facilitated by Bank Mandiri is in line with the company's desire to support the government's mission of national economic recovery (PEN) during the pandemic", he said as quoted from the official website, Thursday, June 17.

Panji added that the stretch of international trade transactions was driven by the support of financing transactions (trade finance) that had been prepared with a variety of product lines.

"In the development of this product, we always listen to inputs from customers to adapt to the latest developments while spurring digital products that make it easier to access transactions", he said.

This positive signal of foreign trade activity is in line with the report from the Central Statistics Agency (BPS) which stated that Indonesia's trade balance in May 2021 was in a surplus of USD 2.36 billion or approximately IDR 33.60 trillion (exchange rate of IDR 14.241).

The record was shaped by higher exports compared to imports of USD 16.6 billion and USD 14.24 billion, respectively.

Meanwhile, cumulatively, the value of Indonesia's exports from January to May 2021 reached USD 83.99 billion, an increase of 30.58 percent compared to the same period in 2020.