DEG inaugurates German Desk in Indonesia

The Indonesian economy has performed very well over the last few years, with a growth rate of nearly 5% per annum. German companies are becoming more interested in this market. Trade between Germany and Indonesia amounted to 5.8 billion US dollars in 2016. Whereas Indonesia exports clothing, chemicals and food such as cocoa and coffee to Germany, Indonesia needs German high-tech equipment and know-how.

DEG started its commitment in Indonesia in the 1970s opening its office there in 1988. Our current portfolio there totals more than 271 million euros.

In order to even better support German companies keen on tapping into Indonesia und their Indonesian partners, DEG, PaninBank and the German-Indonesian Chamber of Industry and Commerce (EKONID) are offering a new service: the “German Desk – Financial Support and Solutions”.

The joint offer aims at helping Indonesian and German companies by providing tailor-made solutions. The range of services offered by the “German Desk – Financial Support and Solutions” encompasses financial services from account creation to loan provision through to trade financing for local companies wishing to acquire German facilities or services.

On the inauguration in Jakarta on 16 November 2017, Herwidayatmo PaninBank’s President Director explained: “It thrills us to strike up this partnership with DEG. This is the first initiative of its kind between a German institution and Indonesian bank. By doing this, we hope that it will help strengthen trade relations between both our countries.”

“For many years, Indonesia has been an important investment destination of DEG. We are delighted to open our first “German Desk” in Asia here together with PaninBank, a longstanding customer of DEG, and EKONID. Through our joint involvement we wish to create new business opportunities for German companies and their local trading partners. The “German Desk” offers innovative financing solutions tailored to the needs of these SMEs”, said Bruno Wenn, chairman of DEG’s Management Board.