The Asian Development Bank (ADB) said it had signed a US$85 million export credit agreement with six Indonesian banks, including Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI), to help small- and medium-sized enterprises (SMEs) in the country.
The credits had been scheduled earlier but were delayed primarily because of lending scandals at the two banks.
David J. Green, ADB country director in Indonesia, said the bank resumed the export credit facility after receiving assurances that the lending problems at BNI and BRI had been corrected.
According to The Jakarta Post, Green said:"Bank Indonesia has given us the assurance that corporate governance at banks has improved."
BNI and BRI, the country's second- and fourth-largest lenders, respectively, have made headlines in recent months because of lending scandals.
