News Release

ORIX Announces Business Cooperation Agreement with the Leading State-Owned Indonesian Commercial Bank “Bank Negara Indonesia”
-First for the Leasing Industry, Support Business Development of Japanese Companies-

Jul 11, 2013

TOKYO, Japan - July 11, 2013 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that it has entered into a business cooperation agreement with the major state-owned Indonesian commercial bank PT. Bank Negara Indonesia (Persero) Tbk (hereinafter, BNI) and its local subsidiary PT. ORIX Indonesia Finance (hereinafter, ORIF) to support the business development of Japanese companies in Indonesia. It is the first time BNI has entered into a business cooperation agreement with a Japanese financial institution involved in the leasing business in Indonesia.

BNI is a major state-owned commercial bank and is Indonesia's fourth largest bank in terms of assets mainly providing financing for the government and local leading companies. BNI is especially active in promoting support for Japanese companies expanding into Indonesia and companies that will consider expansion into Indonesia in the future.

Beginning with car manufacturers, many Japanese companies including restaurants, retailers and food manufacturers are expanding into Indonesia one after the other with their sights set on the economic growth and rapidly increasing demand within the country with the world's fourth largest population. In the future, accompanying Indonesia's domestic economic growth, it is anticipated that there will be increased opportunities for capital expenditures relating to suppliers and subcontractors.

ORIX established ORIF in 1975 as the first leasing company in Indonesia. Since then, it has built up a robust business network and customer base, providing financial services for local Indonesian and Japanese companies with a focus on the leasing of autos, machinery and equipments.

Through this business cooperation agreement, ORIF and BNI will engage in business matching by mutual introduction of customers and seek mutual expansion of their businesses by providing financial services centered on leasing to Japanese customers of BNI. In addition, ORIX will cooperate with Japanese financial institutions who are partners of BNI to support the expansion of mainly Japanese SMEs into Indonesia.

Moving forward, ORIX aims to expand its business base while capitalizing on the network in Asia it has cultivated over the past 40 years, and promoting support for Japanese companies that are expanding their business abroad.

■ Overview of PT. Bank Negara Indonesia (Persero) Tbk
Company Name PT. Bank Negara Indonesia (Persero) Tbk (Bank Negara Indonesia)
Location Jakarta, Indonesia
Representative Gatot M. Suwondo
Established April 1946
Offices 1,585 in Indonesia (as of end of December 2012)
Assets 3.47 trillion yen (4th largest in Indonesia)
Partners 51 Japanese financial institutions including banks, credit unions and consumer
credit companies (End of May 2013)
Website Link in New Window
■ Overview of PT. ORIX Indonesia Finance
Company Name PT. ORIX Indonesia Finance
Location Jakarta, Indonesia
Representative Shuji Ohtake
Established April 1975
Offices 11 in Indonesia (As of end of May, 2013)
Website Link in New Window

■ Framework of Business Cooperation Agreement

Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-3435-3121 / Fax : +81-3-3435-3154

About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 34 countries and regions outside of Japan, ORIX's activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website:

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “4. Risk Factors” of the “Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2012– March 31, 2013.”

View PDF of this release

2013 News Releases List