Jamkrindo Enhances Surety Bond Services to Support Regional Development

Strengthening Infrastructure Project Guarantees

PT Jaminan Kredit Indonesia (Jamkrindo) is intensifying its efforts to provide surety bond guarantee services across various regions in Indonesia. This initiative aims to enhance the infrastructure development ecosystem and ensure that projects are completed on time, meet quality standards, and provide legal and financial certainty for all stakeholders. According to Ivan Soeparno, Director of Human Resources, General Affairs, and Risk Management at Jamkrindo, the surety bond plays a strategic role in guaranteeing infrastructure projects.

Regulatory Alignment and Industry Impact

The expansion of Jamkrindo's surety bond services aligns with the implementation of LKPP Regulation No. 4/2024, which promotes transparency, efficiency, and fairness in procurement processes. This regulation has encouraged guarantee companies like Jamkrindo to broaden their contributions to the development of a more robust procurement ecosystem. By providing surety bonds, Jamkrindo ensures that all parties involved in procurement have legal and financial certainty, thereby fostering a healthier business environment.

Financial Performance and Business Expansion

As of October 2025, Jamkrindo has reported a pre-tax profit of Rp1.28 trillion, significantly exceeding its 2025 target by 170.39%. The company has also achieved a guaranteed project value of Rp206.53 trillion and supported 4.7 million Micro, Small, Medium Enterprises (MSMEs) and cooperatives across Indonesia. This has contributed to employment for 15.2 million people, demonstrating the substantial economic and social impact of Jamkrindo's operations.

Future Plans and Digitalization Efforts

As part of its future plans, Jamkrindo, under the Indonesia Financial Group (IFG) holding company, aims to enhance innovation, digitalization, and collaboration to make its guarantee services faster, easier, and more reliable for businesses across Indonesia. The company is committed to expanding its contribution through various schemes, including Kredit Usaha Rakyat (KUR) guarantees and commercial guarantee products, to support national development projects and government procurement processes.