HONG KONG (Yosefardi) – Standard Chartered Plc posted 7.7% declined in cross-border exposure for Indonesia to $8.23 million in 2014, from $8.92 million in 2013.
While its short term exposure (less than one year) for Indonesia grew by 5.4% to $4.17 million last year, from $3.96 million in previous year.
Growth in short-term cross-border activity in Indonesia was attributable to an expansion of the corporate client base, and growth in international trade finance.
Successful syndication and distribution of risk on new longer dated transactions resulted in a decline in medium-term cross-border exposure.
The country cross-border exposure to Indonesia arising from Permata, a joint venture in which the Group holds 44.56%, is counted at the value of the Group’s equity in the joint venture.