BTMU signs business alliance with Indonesia Eximbank
Date: Nov 02, 2012
Categories: Transaction Banking
Keywords: BTMU, Indonesia Eximbank
Tokyo, October 25th 2012 - The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) is pleased to announce that it has today signed a Memorandum of Understanding (MOU) regarding a business alliance with Indonesia’s state-owned Indonesia Eximbank.
Through this alliance, BTMU seeks to provide support to Japanese companies considering expansion in Indonesia and help promote exports by Indonesian companies via business with Japanese companies. The promotion of exports is a key issue for Indonesia, while BTMU’s customers will benefit from access to Indonesia Eximbank’s wealth of information through joint seminars and other events for Japanese companies.
Indonesia Eximbank was established with the main goal of promoting exports and is 100%-owned by the Indonesian government. Its total assets exceed ¥200 billion and it is expanding and performing steadily, mainly through providing support to export industries.
Re-disseminated by The Asian Banker