Bank Negara Indonesia

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Bank Negara Indonesia
Type Public
Traded as IDXBBNI
Industry Banking
Financial services
Founded Indonesia (5 July 1946 (5 July 1946))
Headquarters Wisma 46
Jakarta, Indonesia
Number of locations 1,076 offices
Area served Indonesia
Hong Kong
Tokyo, Japan
Singapore
London, United Kingdom
New York, United States
Key people Gatot M. Suwondo
(CEO)
Products Consumer Banking
Corporate Banking
Credit Cards
Investment Banking
Mortgage loans
Private Banking
Operating income Increase IDR 3.5 million (2009)[1]
Net income Increase IDR 2.5 trillion (2009)[1]
Total assets Increase IDR 227.5 trillion (2009)[1]
Total equity Increase IDR 19.1 trillion (2009)[1]
Employees 18,475 (2009)
Subsidiaries BNI Securities
BNI Multifinance
BNI Life Insurance
BNI Remittance
Website BNI.co.id

Bank Negara Indonesia is Indonesian State Bank, commonly known as Bank Negara Indonesia, is an Indonesian bank. It has branches primarily in Indonesia, but it can also found in Singapore, Hong Kong, Tokyo, London and New York. It had 1000 branches and over 9 million customers in 2006.[2] It is listed on the Indonesia Stock Exchange as "BBNI". Its market capitalization as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).[3] It is the fourth-largest bank of Indonesia in terms of assets[4] .

History[edit]

Early years[edit]

Bank Negara Indonesia was established on 5 July 1946. It was prepared to be the Central Bank of Indonesia with the task of issuing and handling Indonesian currency. A few months after its establishment, Bank Negara Indonesia officially distributed the first official currency of Indonesia - ORI or Oeang Republik Indonesia.[5]

Following the appointment of De Javasche Bank as the Central Bank of Indonesia, Bank Negara Indonesia had its role shifted to that of a development bank, and was later given the right to serve as a foreign exchange bank. Following increased capitalization in 1955, the legal status of Bank Negara Indonesia was changed into that of a commercial bank through a jurisdicial assignment under Emergency Law number 2 of the year 1955. Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore.[5]

Bank Negara Indonesia 1946[edit]

After a merger period with several other commercial banks, the function and individuality of the Bank were restored in 1968. The status was resumed to that of a state-run commercial bank. The official name was changed to 'Bank Negara Indonesia 1946'.[5]

Bank Negara Indonesia 1946 conducted an operational restructuring program, by formulating the 'Performance Improvement Program' to facilitate a more dynamic role in facing the continuously-changing environment. The program covered various aspects, including the improvement of the Corporate Vision and Mission, the refinement of strategic plans, as well as the development of technology and human resources.[5]

Bank Negara Indonesia[edit]

Former Bank Negara Indonesia logo from 1988 to 2004[5]

Signifying the determination of Bank Negara Indonesia 1946 to create a new image and attitudes in line with its aspiration to play a more international role and to respond to the challenges of globalization, the Bank changed its corporate logo into a 'Sailing Boat' and introduced the nickname of 'Bank Negara Indonesia'.[5]

The law number 7 of the year 1992 opened-up opportunities for state-run banks to change their legal status into Limited State-Owned Corporations (or Persero). With this change in legal status, the Bank's name was officially replaced with 'PT. Bank Negara Indonesia (Persero)'.[5]

In 1996, Bank Negara Indonesia's decision to become a public company was manifested through an Initial Public Offering (IPO) of its shares through the stock exchange.[6] Bank Negara Indonesia was the first government bank in Indonesia which listed its shares on both the Jakarta Stock Exchange (now Indonesia Stock Exchange) and the Surabaya Stock Exchange. The corporate name was amended to 'PT. Bank Negara Indonesia (Persero) Tbk', to show its status as a public company.[5]

The government's banking recapitalization program, launched after the economic crisis, provided Bank Negara Indonesia with additional capital of IDR 61,2 trillion.[5]

Recent development (Bank Negara Indonesia'46)[edit]

Bank Negara Indonesia's current logo

The bank introduced the latest logo in 2004. The nickname 'Bank Negara Indonesia' was changed to "Bank Negara Indonesia'46".

Offices worldwide[edit]

  • Bank Negara Indonesia, Singapore Branch,[7] operated under full bank license granted by Monetary Authority of Singapore[8]
  • Bank Negara Indonesia Tokyo Branch[7]
  • Bank Negara Indonesia Hong Kong[7]
  • Bank Negara Indonesia London[7]
  • Bank Negara Indonesia New York[7]

Notes[edit]

External links[edit]

See also[edit]