Bank Rakyat Indonesia (BRI) has reaffirmed its commitment to supporting Indonesia’s transportation sector through a comprehensive financial collaboration with state-owned shipping company PT Pelayaran Nasional Indonesia (PELNI) signed at BRILian Centre in Jakarta on Monday, May 19, 2025.

Under the agreement, BRI is providing PELNI with a total credit facility of Rp700 billion (US$43 million) in the form of Cash Loan (CL) and Non-Cash Loan (NCL), as well as a US$1.5 million Forex Line. These facilities are aimed at enhancing PELNI’s ability to deliver affordable and accessible sea transportation services across Indonesia.

The NCL facility will enable PELNI to issue critical financial instruments, such as Bank Guarantees, Letters of Credit (L/C), and Standby L/Cs (SBLCs), which are vital for the procurement of ship spare parts and vessel maintenance. These functions are essential to ensure that PELNI’s fleet remains in excellent and safe operating condition. Meanwhile, the Forex Line provides flexibility for foreign currency transactions related to overseas spare part purchases.

Additionally, BRI is offering a Notional Pooling service to PELNI’s subsidiaries, a cash management solution that consolidates account balances across entities without physically transferring funds. This system will help manage short-term funding needs while optimizing idle funds, all through a real-time, user-friendly, and technology-based interface.

BRI Corporate Secretary Agustya Hendy Bernadi highlighted the bank’s commitment to supporting state-owned enterprises in executing their strategic mandates.

“As a national bank committed to supporting BUMNs, BRI is ready to be a reliable partner for PELNI by providing integrated, adaptive, and sustainable financial solutions,” he said. “We will continue to uphold that trust with prudence, excellent service, and innovative solutions.”

From PELNI’s side, Anik Hidayat, Director of Finance and Risk Management, emphasized the importance of this partnership not just for business development, but also for national service.

“PELNI is the only state-owned shipping company that plays both commercial and strategic roles for national development,” Anik explained, on Monday, May 19, 2025. “This collaboration is not just a business partnership − it reflects a broader spirit of synergy among state enterprises.”

Anik also noted that PELNI has consistently received a Triple A rating from Fitch Ratings for two consecutive years, underscoring the company’s strong financial health. She added that the credit facility will also support future investment plans in commercial vessels.

The partnership is expected to bring significant benefits not only for BRI and PELNI but also for the Indonesian public by improving the quality and reach of sea transport services and reinforcing the role of BUMNs in national progress.