One Year Anniversary of German Desk at Panin Bank

by Volker Bromund - Finance

The German Desk Indonesia turned one year on 1st November. Volker Bromund, manager of the German Desk, and partnering finance institutions invited guests and sponsors to celebrate. All looked back to a successful year of supporting Indonesian companies with financing or leasing solutions to buy German or European equipment.

Main activity during the first year was to introduce the new service to dealers, manufacturers and agents of equipment and create awareness that sales can now be supported with local financing solutions. The service addresses all industries, e.g. textile, medical, mining, packaging, food processing, construction and infrastructure. Precondition is that the potential borrower or lessee has acceptable audited financials for the past 3 years with good credit standing.


Looking back to a successful first year, the German Desk issued financing offers totaling to IDR 90 billion (US$ 6 million equivalent) whereof IDR 40 billion (US$ 2.7 million) have been granted and arranged. In highest demand are leasing solutions in IDR with tenors 3 - 5 years. A typical amount is between IDR 5 billion – IDR 20 billion per transaction without having a minimum or maximum amount in place.


Operating lease, as alternative to rental solutions, was in discussions with a number of manufacturers. This indicates an overall trend towards rental of equipment instead of purchasing by their customers. We therefore also arrange the leasing of rental equipment for agents and distributors.


This success was only possible through the partners, namely Panin Bank, KfW DEG and EKONID. Looking beyond, Panin Bank offers further banking services from current accounts to trade finance products via the German Desk to all corporates and its staff.


For inquiries please contact directly the manager of the German Desk, Volker Bromund at volker.bromund@prime-consultancy.com

Alpha Media

 

 

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