Bank Negara Indonesia

Last updated

PT Bank Negara Indonesia (Persero) Tbk
FormerlyBank Negara Indonesia 1946 (1946–1992)
Company type Public
IDX:  BBNI
Industry Banking
Financial services
Founded Indonesia (5 July 1946;77 years ago (5 July 1946))
Headquarters Jakarta, Indonesia
Number of locations
2,047 offices
Area served
Australia
Canada
Indonesia
Hong Kong, China
Tokyo, Japan
Osaka, Japan
Seoul, South Korea
Singapore
London, United Kingdom
New York, United States
Yangon, Myanmar
Key people
Royke Tumilaar [1]
(President Director/CEO)
Agus Martowardojo [2]
(President Commissioner)
Products Consumer Banking
Corporate Banking
Credit cards
Investment banking
Mortgage loans
Private banking
RevenueIncrease2.svg IDR 36.6 trillion (2019) [3]
Increase2.svg IDR 19.487 trillion (2019) [3]
Increase2.svg IDR 15.4 trillion (2019) [3]
Total assets Increase2.svg IDR 845.6 trillion (2019) [3]
Total equity Increase2.svg IDR 125.0 trillion (2019) [3]
Owner Government of Indonesia (60%)
Number of employees
27,177 (2021)
Subsidiaries BNI Sekuritas
BNI Multifinance
BNI Life
BNI Remittance
Dana Pensiun Lembaga Keuangan BNI
PT Graha Sahari Surya Jaya
PT Swadharma Duta Data
Sanwa Bank London Branch
Bank Syariah Indonesia (25%)
Website BNI.co.id

Bank Negara Indonesia (lit. 'State Bank of Indonesia', formerly Bank Negara Indonesia 1946, lit. 'State Bank of Indonesia of 1946'), is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 2,047 branches (as of 2022) [4] and more than 63 million customers in 2021. [5] It is listed on the Indonesia Stock Exchange as "BBNI".

Contents

Its market capitalization as of 2022 was 1.029.83 trillion rupiah (approximately US$69 billion). [6] It is the fourth-largest bank of Indonesia in terms of assets. [7]

History

Early years

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. [8]

Following the appointment of the Bank of Java 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 judicial assignment under Emergency Law number 2 of the year 1955. Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore. [8]

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'. [8]

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. [8]

Bank Negara Indonesia

Former Bank Negara Indonesia logo from 1988 to 2004 BankNegaraIndonesia-legacy.svg
Former Bank Negara Indonesia logo from 1988 to 2004

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'. [8]

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)'. [8]

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. [9] 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. [8]

Bank Negara Indonesia branch at Central Park Jakarta Bank Negara Indonesia Central Park Branch.jpg
Bank Negara Indonesia branch at Central Park Jakarta

The government's banking recapitalization program, launched after the economic crisis, provided Bank Negara Indonesia with additional capital of IDR 61,2 trillion. [8]

Recent development (BNI '46)

The bank introduced the latest logo in 2004. The nickname 'Bank BNI' was changed to 'BNI'.

Offices worldwide

Sports sponsorships

In football, from 2012 until 2014 Bank Negara Indonesia was the official regional partner of Premier League football club Chelsea Football Club in Indonesia.

In motorsports, since 2016 Bank Negara Indonesia currently is the official personal sponsor of Sean Gelael and official banking partner of Team Jagonya Ayam racing management.

Slogans

See also

Notes

  1. "BNI Board of Directors". PT Bank Negara Indonesia (Persero) Tbk. Retrieved 22 April 2020.
  2. "BNI Board of Commissioners". PT Bank Negara Indonesia (Persero) Tbk. Retrieved 22 April 2020.
  3. 1 2 3 4 5 "Bank Negara Indonesia: Financial Review 2009". Archived from the original on 28 July 2011.{{cite web}}: CS1 maint: unfit URL (link)
  4. Hutauruk, Dina Mirayanti (22 December 2022). Winarto, Yudho (ed.). "BNI akan Tranformasikan 210 Kantor Jadi Lebih Digital Tahun 2023". kontan.co.id. Grahanusa Mediatama.
  5. "Didukung 63 Juta Nasabah, BNI Terus Perkuat Digitalisasi". investor.id.
  6. Binekasri, Romys (10 March 2023). "Ini Dia Top 10 Bank Dengan Aset Terbesar di RI". CNBC Indonesia (in Indonesian).
  7. "Indonesia-Investments.com:Bank Negara Indonesia company profile". 1 April 2014.
  8. 1 2 3 4 5 6 7 8 9 "Bank Negara Indonesia: Company Profile" (PDF). Archived from the original on 19 September 2010.{{cite web}}: CS1 maint: unfit URL (link)
  9. "Bank Negara Indonesia: History". Archived from the original on 25 July 2010. Retrieved 6 August 2010.
  10. 1 2 3 4 5 6 7 "Bank Negara Indonesia: Foreign Branches". Archived from the original on 16 April 2010. Retrieved 27 December 2009.
  11. "Financial Directory – Company". Archived from the original on 1 April 2009. Retrieved 27 December 2009.

Related Research Articles

<span class="mw-page-title-main">Bank Mandiri</span> Indonesian bank

PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of 2022, were 1.992 Trillion rupiah. As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets.

<span class="mw-page-title-main">Sumitomo Mitsui Banking Corporation</span> Japanese multinational banking and financial services company

Sumitomo Mitsui Banking Corporation is a Japanese multinational banking financial services institution owned by Sumitomo Mitsui Financial Group, Inc. It is headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks.

<span class="mw-page-title-main">Telkom Indonesia</span> Indonesian telecommunications company

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk officially shortened into PT Telkom Indonesia (Persero) Tbk, also simply known as Telkom, is an Indonesian multinational telecommunications conglomerate with its corporate headquarters in Bandung and its operational headquarters in the Telkom Landmark Complex in Jakarta. Telkom is listed on the Indonesia Stock Exchange and has a secondary listing on the New York Stock Exchange. The government of Indonesia owns over half of Telkom's shares outstanding.

<span class="mw-page-title-main">Indonesia Stock Exchange</span> Stock exchange

Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of 2023, the Indonesia Stock Exchange had 833 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$744 billion as of 15 December 2023.

<span class="mw-page-title-main">Bank Rakyat Indonesia</span> Indonesian bank

PT Bank Rakyat Indonesia (Persero) Tbk is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2022, it is the second largest bank in Indonesia by asset.

<span class="mw-page-title-main">Semen Indonesia Group</span> Indonesian state-owned cement company

PT Semen Indonesia (Persero) Tbk, commonly known as SIG, is an Indonesian cement company established in 1957 in Gresik, with the name NV Semen Gresik. In 1991, PT Semen Gresik became the first publicly traded Indonesian state-owned enterprise. Furthermore, in 1995, PT Semen Gresik (Persero) Tbk consolidated with PT Semen Padang and PT Semen Tonasa which became known as Semen Gresik Group.

The Jakarta Islamic Index (JII) is a stock market index established on July 3, 2000 on the Indonesia Stock Exchange (IDX) to help facilitate the trading of public companies according to Syariah business code. Following Islamic law prohibits a company from involving itself in activities related to gambling, speculation, and traditional banking and financing. The JII may not list equities that produce or distribute food, drink, or morally harmful items that stand in contradiction with Islamic values.

<span class="mw-page-title-main">SBI Group</span> Parent company of the SBI group (Japanese financial conglomerate)

SBI Holdings, sometimes referred to as Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan. The group's businesses and companies are held primarily at SBI Holdings. The company provides financial services in a wide range of categories, including securities, asset management, banking and insurance and has formed an Internet-based financial conglomerate. The group also has a biotechnology-related business line which develops cosmetics, health foods and drug discovery. Furthermore, the group operates the business school SBI Graduate School. SBI is listed on the first section of the Tokyo Stock Exchange and Osaka Securities Exchange.

<span class="mw-page-title-main">Waskita Karya</span> Indonesian state-owned construction company

PT Waskita Karya (Persero) Tbk, trading as Waskita Karya, is an Indonesian state-owned construction company located in Cawang, Jakarta. It was the result of a January 1, 1961 nationalization of Volker Aannemings Maatschappij NV, the Indonesian branch of what would become VolkerWessels. Waskita specializes in commercial and residential building contracts.

<span class="mw-page-title-main">CIMB Niaga</span> Indonesian company

PT Bank CIMB Niaga Tbk is Indonesia's sixth largest bank by assets, established in 1955. CIMB Niaga, which is majority-owned by CIMB Group, is the largest payment bank in terms of transaction value under the Indonesian Central Securities Depository. With 11% of market share, CIMB Niaga is the third largest mortgage provider in Indonesia.

<span class="mw-page-title-main">Bank Maybank Indonesia</span>

PT Bank Maybank Indonesia Tbk, formerly known as Bank Internasional Indonesia (BII) is one of private banks in Indonesia which also is a part of Maybank, one of the largest financial services groups in ASEAN. Previously, Maybank Indonesia was known as PT Bank Internasional Indonesia Tbk (BII) which was founded on 15 May 1959. BII would then obtain its license as a foreign exchange bank in 1988. The company would then become publicly listed in the Jakarta Stock Exchange and Surabaya Stock Exchange in 1989.

<span class="mw-page-title-main">Semen Padang (company)</span> Indonesian cement company

PT Semen Padang is the state-owned company that became oldest cement plant in Indonesia, having been founded in 1910.

<span class="mw-page-title-main">Kimia Farma</span> Indonesian pharmaceuticals company

PT Kimia Farma Tbk is an Indonesian pharmaceutical producer and distributor in Indonesia. It is based in Jakarta.

Indonesia Commodity and Derivatives Exchange (ICDX) (Indonesian: Bursa Komoditi dan Derivatif Indonesia) is the commodity and derivatives based exchange in Indonesia.

Jakarta BNI 46 is a men's and women's volleyball team based in Jakarta, Indonesia. The team plays in Proliga. They had represented Indonesia in Men's and Women's AVC Club Championships in 2006 and 2010.

<span class="mw-page-title-main">Bank Tabungan Negara</span> Indonesian company

PT Bank Tabungan Negara (Persero) Tbk, trading as Bank BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.

<span class="mw-page-title-main">Sarinah</span>

PT Sarinah (Persero) is an Indonesian retail company owned by PT Aviasi Pariwisata Indonesia (Persero) (InJourney), a state-owned holding company. Its flagship store, Sarinah Building in M.H. Thamrin Street of Central Jakarta, was the first skyscraper to be built in Jakarta as well as the first modern department store in the city. In addition to Thamrin, Sarinah also has a number of other outlets namely at Pejaten Village in South Jakarta, Banyumanik (Semarang) and Malang.

In Indonesia, state-owned enterprises play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses, and source of government revenue. The Ministry of State Owned Enterprises represents the government's function as a shareholder of most of those companies, while some are represented by the Ministry of Finance.

Bank Syariah Indonesia is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks.

References