ORIX Corporation, one of Japan's leading integrated financial services groups, today announced that it has entered into a business cooperation agreement with Indonesia's state-owned commercial bank PT. Bank Negara Indonesia (BNI).
PT. ORIX Indonesia Finance (ORIF), which was formed in 1975, will support the business development of Japanese companies in Indonesia.
BNI, the Indonesia's fourth largest bank in terms of assets mainly providing financing for the government and local leading companies, has entered into a business cooperation agreement for the first time with a Japanese financial institution in the leasing business in Indonesia.
Many Japanese companies are expanding their bases in sectors like manufacturing, hospitality, retail and food in Indonesia, the world's fourth largest population.
In the future, accompanying Indonesia's domestic economic growth, it is anticipated that there will be increased opportunities for capital expenditures relating to suppliers and subcontractors.
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ORIF has already built up a robust business network and customer base, providing financial services for local Indonesian and Japanese companies with a focus on the leasing of autos, machinery and equipments.
Through this business cooperation agreement, ORIF and BNI will engage in business matching by mutual introduction of customers and seek mutual expansion of their businesses by providing financial services centered on leasing to Japanese customers of BNI.
In addition, ORIX will cooperate with Japanese financial institutions who are partners of BNI to support the expansion of mainly Japanese SMEs in Indonesia.
ORIX aims to expand its business base while capitalising on the network in Asia.
