Bank Negara Indonesia
Encyclopedia
Bank Negara Indonesia commonly known as BNI, is an Indonesia
n 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. It is quoted on the Indonesia Stock Exchange as . Its market capitalization
as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).
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.
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.
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.
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)'.
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. 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.
The government's banking recapitalization program, launched after the economic crisis, provided Bank BNI with additional capital of IDR 61,2 trillion.
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).
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
n bank. It branches primarily in Indonesia, but it can also found in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
. It had 1,000 branches and 9 million customers in 2006. It is quoted on the Indonesia Stock Exchange as . Its market capitalization
Market capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).
Early years
Bank Negara Indonesia was established on 5 July 1946. It was prepared to be the Central BankCentral bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
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.
Following the appointment of De Javasche Bank
Bank Indonesia
Bank Indonesia is the central bank of The Republic of Indonesia. Bank Indonesia is currently governed by Darmin Nasution, former interim governor. The last governor before the interim phase, Boediono, resigned due to his vice presidential candidacy in the Indonesian presidential election...
as the Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
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.
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'.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.
Bank BNI
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'.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)'.
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. 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.
The government's banking recapitalization program, launched after the economic crisis, provided Bank BNI with additional capital of IDR 61,2 trillion.
Recent development
The bank introduced the latest logo in 2004. The nickname 'Bank BNI' was shortened into 'BNI'.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).
Offices worldwide
- BNI Singapore Branch, operated under full bank licence granted by Monetary Authority of SingaporeMonetary Authority of SingaporeThe Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority...
- BNI Tokyo Branch
- BNI Hong Kong
- BNI London
- BNI New York
External links
- Official site
- BNI Singapore Branch website
- (Indonesian and Japanese) BNI Tokyo Branch website
See also
- Wisma 46Wisma 46Wisma 46 is the tallest building in Indonesia. It is a 250m tall skyscraper located in the Kota BNI complex in Central Jakarta, Indonesia. The 48 storey office tower was completed in 1996 under the design by Zeidler Roberts Partnership and DP Architects Private Ltd.The tower is located on a 15 ha...
- Bank IndonesiaBank IndonesiaBank Indonesia is the central bank of The Republic of Indonesia. Bank Indonesia is currently governed by Darmin Nasution, former interim governor. The last governor before the interim phase, Boediono, resigned due to his vice presidential candidacy in the Indonesian presidential election...
- List of banks in Indonesia