National Bank of Indonesia

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name: National Bank of Indonesia

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Bank Negara Indonesia is an Indonesian bank, referred to as BNI. Its main business is in Indonesia, but it has branches in Singapore, Hong Kong, Tokyo, London and New York. In 2006, the bank had 1,000 branches and more than 9 million customers.

The stock code of National Bank of Indonesia listed on the Indonesian Stock Exchange is BBNI. As of March 12, 2007, the bank’s market value was IDR 23.8 trillion (approximately US$2.6 billion). It was established on July 5, 1946. It is the central bank of Indonesia and is responsible for issuing Indonesian currency.

In 1955, the National Bank of Indonesia officially opened its first overseas branch in Singapore. After that, it merged with several other commercial banks, restored the state-owned commercial bank in 1968, and officially changed its name to ‘National Bank of Indonesia in 1946’.

In 1946, the National Bank of Indonesia carried out a business restructuring plan and formulated a performance improvement plan to provide the bank with efficiency to face the ever-changing environment. The program involves all aspects, including improving the corporate environment and mission, refining strategic plans, and the development of technology and human resources.

National Bank of Indonesia is headquartered at No. 46 Wisma, Jakarta, Indonesia, and its CEO is Gatot M. Suwondo. In fiscal year 2009, the bank’s operating income was 35,000 rupiah, net income was 2.5 trillion rupiah, total assets were 227.5 trillion rupiah, and total equity was 19.1 trillion rupiah. As of 2009, it has 18,475 employees.

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