As Indonesia’s international trading activity continues to diversify, Mutiara Bank has been laying the groundwork for its international banking division. Faced with the challenge of rebuilding trust among creditors, the bank is now on firm foundations to meet the needs of both local and international businesses in Indonesia.

Over the past several years, the bank focused on making the department more competitive by appointing International Business Officers and Treasury Business Officers to strengthen the sales force. As a result, the fee based and interest income from this division has risen steadily with even more striking results expected for the near future as the bank moves to establish credit partnerships with other financial institutions to offer the most competitive products in this growing market.

The bank offers a complete range of credit and guarantee services for international transactions such as export and import, collection and remittance. From 2012, the bank continued to build on its extensive experience to bring new products to the market such as Inward & Outward Payment Collection services as well as Letter of Credit services, Usance Payable at Sight LC/SKBDN and Pre-Shipment Financing. This offers a one stop solution for importers and exporters and allows the bank to play a key role in a fast growing area of demand among Indonesia’s expanding local businesses and rising volumes of external trade.