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00:00 "This agreement is very important. This agreement is with a company that is important to us as
00:05 the Kuwaiti National Bank, Pertamina, an oil company owned by the Indonesian government.
00:10 The agreement is a reminder of our understanding with the world-renowned Pertamina, so that
00:16 we will be one of the few regional banks that will be helping in all the funding that is
00:25 coming to Indonesia and other places around the world."
00:31 "How much is the company's funding and how much is the bank's funding?"
00:36 "The total funding is a large number. We currently have more than 200 million,
00:42 more than 300 million in funding, we are talking now with Pertamina.
00:47 Of course, this is a problem between the funding directly to the company for different purposes
00:53 and also the funding for projects in Indonesia.
00:57 Some of the projects are oil projects and environmental projects,
01:02 which are part of our strategy as the Kuwaiti National Bank, which is very important."
01:06 "If we talk about the profit margins that the company gets from these funds,
01:10 how much do you think the price will rise in the last period?"
01:13 "The profit margins of a company like this and any other company will depend on more than
01:18 one system. It depends on the company's corporate rating, the global and international rating,
01:25 in addition to the required amount and the projects themselves.
01:29 For example, the funding that we are giving to the projects, what is the project model,
01:34 what is the type of project, what is the structure of the project,
01:39 all of this affects the profit margins.
01:42 But of course, Pertamina is a very strong company, it is a triple B stable company,
01:49 in case of the Indonesian government.
01:52 With all these increases in prices, the timing was not very good.
01:57 The timing was before the increase and they got a very competitive funding in terms of pricing."
02:03 "How long is the funding and the funding plans?"
02:06 "We have more funding with them, but the important project that we are funding,
02:11 is the Balikapan project.
02:13 This project will last for 10 years, approximately 12 years.
02:18 Because it is a construction financing,
02:21 so it is a project that is being built from scratch in one of the important places in Indonesia,
02:28 Pertamina.
02:29 So it is approximately 12 years, but of course there are funding plans that are shorter
02:33 and there are funding plans that are longer than that.
02:36 "This is one of the sectors that the Kuwait National Bank is focusing on at the moment,
02:41 but what about the other sectors and the other markets that we can see more of?"
02:46 "Of course, this is a very important question, because we always try to ensure
02:51 a very important information, that we, of course, Kuwait, the Kuwait National Bank,
02:56 will always be a Kuwaiti bank, but at the same time we say that we are a Kuwaiti bank,
03:01 we are proud of it as a Kuwaiti bank, but we are also a regional bank and a global bank.
03:05 The sectors that we have are not new, we have 11 or even 12 sectors in the world,
03:12 I mean location, there are even more sectors, and these sectors, some of them are even 30
03:18 or 40 years old, they are not new, so this is not a new strategy.
03:22 What is different now is that our strategy in the present and in the future is to use
03:27 these sectors to finance companies, not only limited to Kuwaiti companies and Gulf companies.
03:33 This is a big example, Pertamina, Pertamina is an Indonesian company,
03:36 it has nothing to do with Gulf companies here.
03:38 So our strategy has two branches in the Kuwait National Bank,
03:42 we will expand the types of financing that we ask for,
03:47 and the types of clients that we have, not only in the Gulf but in the whole world.
03:51 And at the same time, it is an important strategy for us,
03:55 because at the same time we are very, very keen on the environmental side.
03:58 This is a very important project from the ESG perspective, the project that we have financed,
04:04 the Balikapan, and this is one of the many projects that the Kuwait National Bank is financing,
04:08 regionally and even internationally, not only in the Arabian Gulf,
04:12 but also in Indonesia, and even in Europe, and even in America.
04:16 Is there a specific amount of money in the Preservation Fund for the environmental-friendly projects?
04:20 There is no specific amount, because the limits that we have put are on the countries and the companies themselves.
04:27 It has nothing to do with the projects only.
04:30 If the project is a project, of course, the financial structure is strong in terms of risk,
04:35 on the contrary, we have no problem putting a lot of money in the projects.