Jakarta \u2014 PT Asuransi Kredit Indonesia (Askrindo) has established a\nCommercial Line Facility Counter-Guarantee Bank cooperation with PT Bank\nTabungan Negara (Persero) Tbk (Bank BTN).<\/p>\n
The signing of this agreement represents an important step to\nstrengthen financing and guarantee support for Indonesia\u2019s business\nactors.<\/p>\n
This cooperation opens opportunities for the expansion of Askrindo\u2019s\ncommercial line business with facility value reaching Rp 1.5\ntrillion.<\/p>\n
The Counter-Guarantee Bank scheme is designed to provide certainty\nand risk mitigation in the issuance of bank guarantees, particularly for\nthe construction and non-construction sectors that require guarantee\nsupport in the tender process and project implementation.<\/p>\n
\u201cThis cooperation represents an important momentum for Askrindo to\nstrengthen its role as a strategic banking partner in providing credible\nand competitive guarantee solutions. With facility capacity reaching Rp\n1.5 trillion, we are optimistic that we can drive the acceleration of\nproductive projects and provide certainty for business actors,\u201d said\nBudhi in an official statement on Monday (9 March 2026).<\/p>\n
According to him, the strengthening of the commercial line business\naligns with Askrindo\u2019s business transformation in expanding the\nportfolio of non-programme products whilst improving asset quality and\nrisk management.<\/p>\n
Budhi stated that collaboration with Bank BTN also reinforces\nAskrindo\u2019s position as one of the leading players in Indonesia\u2019s\nguarantee and credit insurance industry.<\/p>\n
Further, Budhi explained that this cooperation does not stop at the\ncounter-guarantee bank scheme alone.<\/p>\n
Moving forward, both institutions are opening space for broader\nproduct development, ranging from credit insurance, fire insurance, to\nvarious integrated protection solutions to address increasingly complex\nfinancing and risk management needs.<\/p>\n
Amid the dynamics of the financial services industry, Askrindo\nensures that all improvement and business strengthening measures are\nundertaken in active coordination with regulators and relevant\nstakeholders.<\/p>\n
This is to maintain operational stability, business sustainability,\nand preserve public trust in the national insurance industry.<\/p>\n
Additionally, Askrindo is committed to continuing business\ntransformation based on strong corporate governance, prudential\nprinciples, and a focus on protecting customer interests.<\/p>\n
According to him, this commitment forms part of the company\u2019s\ntangible contribution to strengthening the national financial system and\na healthy and sustainable risk protection ecosystem.<\/p>\n
\u201cFor Askrindo, business expansion must proceed hand in hand with\nstrengthening governance and risk management. We ensure that every\ntransformation step is carried out in a measured, transparent manner and\nin active coordination with regulators and stakeholders. Public trust is\nthe foundation, and protection of customer interests will always be our\npriority in supporting the stability of the national financial system,\u201d\nconcluded Budhi.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/askrindo-and-btn-sign-guarantee-bank-counter-guarantee-cooperation-worth-rp-1-5-trillion-1773057269", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }