Askrindo and BTN Sign Guarantee Bank Counter-Guarantee Cooperation Worth Rp 1.5 Trillion
Jakarta — PT Asuransi Kredit Indonesia (Askrindo) has established a Commercial Line Facility Counter-Guarantee Bank cooperation with PT Bank Tabungan Negara (Persero) Tbk (Bank BTN).
The signing of this agreement represents an important step to strengthen financing and guarantee support for Indonesia’s business actors.
This cooperation opens opportunities for the expansion of Askrindo’s commercial line business with facility value reaching Rp 1.5 trillion.
The Counter-Guarantee Bank scheme is designed to provide certainty and risk mitigation in the issuance of bank guarantees, particularly for the construction and non-construction sectors that require guarantee support in the tender process and project implementation.
“This cooperation represents an important momentum for Askrindo to strengthen its role as a strategic banking partner in providing credible and competitive guarantee solutions. With facility capacity reaching Rp 1.5 trillion, we are optimistic that we can drive the acceleration of productive projects and provide certainty for business actors,” said Budhi in an official statement on Monday (9 March 2026).
According to him, the strengthening of the commercial line business aligns with Askrindo’s business transformation in expanding the portfolio of non-programme products whilst improving asset quality and risk management.
Budhi stated that collaboration with Bank BTN also reinforces Askrindo’s position as one of the leading players in Indonesia’s guarantee and credit insurance industry.
Further, Budhi explained that this cooperation does not stop at the counter-guarantee bank scheme alone.
Moving forward, both institutions are opening space for broader product development, ranging from credit insurance, fire insurance, to various integrated protection solutions to address increasingly complex financing and risk management needs.
Amid the dynamics of the financial services industry, Askrindo ensures that all improvement and business strengthening measures are undertaken in active coordination with regulators and relevant stakeholders.
This is to maintain operational stability, business sustainability, and preserve public trust in the national insurance industry.
Additionally, Askrindo is committed to continuing business transformation based on strong corporate governance, prudential principles, and a focus on protecting customer interests.
According to him, this commitment forms part of the company’s tangible contribution to strengthening the national financial system and a healthy and sustainable risk protection ecosystem.
“For Askrindo, business expansion must proceed hand in hand with strengthening governance and risk management. We ensure that every transformation step is carried out in a measured, transparent manner and in active coordination with regulators and stakeholders. Public trust is the foundation, and protection of customer interests will always be our priority in supporting the stability of the national financial system,” concluded Budhi.