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Asuransi Kredit Indonesia (Persero), PT (Indonesia)

Main Activities: Funds, Trusts, and Other Financial Vehicles
Full name: Asuransi Kredit Indonesia (Persero), PT Profile Updated: January 24, 2020
Buy our report for this company USD 19.99 Most recent financial data: 2018 Available in: English Download a sample report

PT. Asuransi Kredit Indonesia (Persero), also known as Askrindo, is a state-owned enterprise engaged in insurance/underwriting. Established on April 6, 1971, Askrindo is to serve the mission of empowering Micro, Small and Medium Enterprises (SMEs) to support the growth of Indonesian economy. The role of Askrindo in the empowerment of SMEs is a guarantor institution on loans extended by banks to SMEs. Askrindo perform the role as Collateral Substitution Institution that bridges the gap between SMEs eligible but did not have enough collateral to obtain credit from financial institutions. Askrindo has 5 business lines, which are Bank Credit Insurance, Trade Credit Insurance, Surety Bond, Customs Bond and General Insurance. Since 2007, Askrindo has implemented government program known as Underwriting Credit (KUR). In the execution, Askrindo give guarantees loans extended by several banks, namely Bank BRI, Bank BNI, Bank Mandiri, Bank Bukopin, Bank Syariah Mandiri and 26 Regional Development Banks. Askrindo’s operations is supported by 60 branch offices spread across 34 provinces throughout Indonesia.

Headquarters
Jl. Angkasa Blok B-9, Kav. 8
Central Jakarta; Jakarta; Postal Code: 10610

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Website: http://www.askrindo.co.id

Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
April 06, 1971
Key Executives
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President Director
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President Commissioner
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Director
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Director
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Director
Ownership Details
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1%
Company Performance
Financial values in the chart are available after Asuransi Kredit Indonesia (Persero), PT report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IDR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
3.34%
Net fee and commission income
65.16%
Operating profit (EBIT)
48.31%
Net Profit (Loss) for the Period
-27.96%
Total assets
11.54%
Investments
12.13%
Receivables
-7.61%
Total equity
6.74%
Return on Equity (ROE)
-3.19%

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