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Bank Negara Indonesia

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PT Bank Negara Indonesia (Persero) Tbk.
Company typePublic
IDX: BBNI
IndustryBanking
Financial services
FoundedIndonesia (July 5th, 1946 (July 5th, 1946))
HeadquartersIndonesia Jakarta, Indonesia
Area served
Indonesia
Hong Kong
Japan
Singapore
United Kingdom
United States
Key people
Gatot M. Suwondo
(CEO)
ProductsConsumer Banking
Corporate Banking
Credit Cards
Investment Banking
Mortgage loans
Private Banking
Increase IDR 3.5 million (2009)[1]
Increase IDR 2.5 trillion (2009)[1]
Total assetsIncrease IDR 227.5 trillion (2009)[1]
Total equityIncrease IDR 19.1 trillion (2009)[1]
Number of employees
18,475 (2009)
Websitewww.bni.co.id

Bank Negara Indonesia (or Indonesian State's Bank in English), commonly known as BNI, is an Indonesian bank. It branches primarily in Indonesia, but it can also found in Singapore, Hong Kong, Tokyo, London and New York. It had 1,000 branches and 9 million customers in 2006.[2] It is quoted on the Indonesia Stock Exchange as IDX: BBNI. Its market capitalization as of March 12, 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).[3]

History

Early Years

Bank Negara Indonesia was established on July 5th, 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.[4]

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 brach in Singapore.[4]

Bank Negara Indonesia 1946

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'.[4]

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.[4]

Bank BNI

Bank BNI's 'Sailing Boat' Logo[4]

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 BNI'.[4]

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)'.[4]

In 1996, Bank BNI's decision to become a public company was manifested through an Initial Public Offering (IPO) of its shares through the stock exchange.[5] Bank BNI 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.[4]

The government's banking recapitalization program, launched after the economic crisis, provided Bank BNI with additional capital of IDR 61,2 trillion.[4]

Recent Development

The bank introduced the latest logo in 2004. The nickname 'Bank BNI' was shortened into 'BNI'.[4]

BNI managed to complete two restructuring phases, and entered the final transformation phase which is to be conducted gradually during a period of 15 years. The time frame is set in compliance with the Central Bank's concept for future Indonesian Banking Architecture (Arsitektur Perbankan Indonesia - API).[4]

Subsidiaries

List of Bank Negara Indonesia's subsidiaries[1]:

Offices worldwide

Notes

  1. ^ a b c d e Bank Negara Indonesia: Financial Review 2009
  2. ^ http://www.zdnetasia.com/smart50/2006/0,39054489,39372342,00.htm
  3. ^ http://www.ciptadana.com/Content/Content_Quote_Detail.asp?StockCode=BBNI&ShortName=BBNI&Market=JSX
  4. ^ a b c d e f g h i j k Bank Negara Indonesia: Company Profile
  5. ^ Bank Negara Indonesia: History
  6. ^ a b c d e Bank Negara Indonesia: Foreign Branches
  7. ^ http://masnet.mas.gov.sg/fin/findir/SDWFIDIR.NSF/0aad815569c2c3e7482565cb001ed4e9/f765bd884e972c79482565e9002ac310?OpenDocument

See also

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