Jakarta BRI continues to strengthen its commitment to supporting the development of transportation services in Indonesia. This is shown by providing credit facilities to PT Pelayaran Nasional Indonesia (Persero) (PELNI) and cooperation for Notional Pooling facilities and PELNI subsidiaries.
The signing of this agreement took place at the BRILian Center Jakarta on Monday (19/05) attended by BRI Corporate Banking Director Riko Tasmaya, Group Head of Infrastructure, Transportation, Oil & Gas Group BRI Yodi Herzaman, PELNI Finance and Risk Management Director Anik Hidayat, Pelni Logistics President Director Edward Tobing and Pelni Services President Director Sukendra.
In this collaboration, PELNI obtained Cash Loan and Non-Cash Loan (NCL) facilities worth IDR 700 billion and Forex Line facilities of USD 1.5 million from BRI. This facility will strengthen PELNI's ability to provide sea transportation services at affordable costs and can be accessed by all levels of society.
Various Facilities
The Non-Cash Loan (NCL) facility can later allow PELNI to issue various guarantee instruments such as Bank Guarantee, Letter of Credit (L/C), and Standby L/C (SBLC) needed by PELNI in purchasing ship spare parts and maintenance as part of the company's operations to ensure the ship's fleet is in prime and safe condition.
Meanwhile, the Forex Line facility will provide flexibility for PELNI in conducting foreign exchange transactions related to the purchase of ship spare parts from abroad. The purchase of ship spare parts and maintenance is an important part of the company's operations to ensure the fleet is in prime condition and safe.
BRI Corporate Secretary Agustya Hendy Bernadi revealed, as a national bank that continues to be committed to supporting BUMN in carrying out its strategic mandate, BRI is ready to become a trusted partner of PT PELNI in providing integrated, adaptive and sustainable financial solutions. "We will continue to maintain this trust with the principles of prudence, excellent service, and innovative solutions," he said.
In addition to Cash Loan (CL) and Non Cash Loan (NCL) facilities, BRI also provides Notional Pooling facilities, namely a Cash Management service facility from BRI which offers a consolidation mechanism for the balance position of Pooling Participants' Accounts in order to optimize fund management. This Notional Pooling service is believed to be able to be a solution between PELNI and its subsidiary who have short-term funding needs with those with idle funds without any transfer of funds between accounts.
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BRI's Notional Pooling also has several main advantages, including facilitating in managing and monitoring company accounts with online real time transactions 24 hours and easy to operate with technology-based technology that is very user friendly.
"Hopefully this collaboration can be a solution to optimizing the management of company funds as well as increasing synergy, not only between PELNI Groups but also synergies between SOEs. Hopefully this collaboration will bring great benefits, not only for BRI and PT PELNI, but also for the benefit of the community and the progress of the country," explained Hendy.
On the other hand, PELNI's Director of Finance and Risk Management, Anik Hidayat, revealed that PELNI is the only SOE shipping company that not only operates commercially, but also plays a strategic role as an extension of the state's hand in maintaining national development stability and sustainability. This collaboration is not just a business collaboration, but also reflects the spirit of inter-BUMN synergy.
He also added that BRI's loan facilities would later strengthen PELNI's ability to provide sea transportation services and assist the company's business development.
"It's been two years in a row that we got a Triple A rating from FITCH, which means our financial health level is good. This means that the loan can also be used for our investment plans on commercial ships," he said. (ADV)
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