Bank Negara Indonesia ( 'State Bank of Indonesia'), is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

. It had 1000 branches and over 9 million customers in 2006. It is listed on the

Indonesia Stock Exchange Indonesia Stock Exchange (IDX) ( id, Bursa Efek Indonesia, formerly nl, Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2 ...

as "BBNI". Its

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion). It is the fourth-largest bank of Indonesia in terms of assets.

History

Early years

Bank Negara Indonesia was established on 5 July 1946. It was prepared to be the

Central Bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

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''.Bank Negara Indonesia: Company Profile
Following the appointment of '' De Javasche Bank'' as the

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.

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 Negara Indonesia

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 Negara Indonesia's decision to become a public company was manifested through an initial public offering (IPO) of its shares through the stock exchange. Bank Negara Indonesia was the first government bank in Indonesia which listed its shares on both the Jakarta Stock Exchange (now

) 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 Negara Indonesia with additional capital of IDR 61,2 trillion.

Recent development (BNI '46)

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

Offices worldwide

* Bank Negara Indonesia Singapore, operated under a full bank license granted by the

Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well ...

* Bank Negara Indonesia Tokyo * Bank Negara Indonesia Hong Kong * Bank Negara Indonesia London * Bank Negara Indonesia New York * Bank Negara Indonesia Seoul * Bank Negara Indonesia Melbourne

Sports sponsorships

In football, from 2012 until 2014 Bank Negara Indonesia was the official regional partner of

Premier League The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Foo ...

football club

Chelsea Football Club Chelsea Football Club is an English professional football club based in Fulham, West London. Founded in 1905, they play their home games at Stamford Bridge. The club competes in the Premier League, the top division of English football. ...

in Indonesia. In motorsports, since 2016 Bank Negara Indonesia currently is the official personal sponsor of

Sean Gelael Muhammad Sean Ricardo Gelael (born 1 November 1996) is an Indonesian racing driver currently competing with WRT in the FIA World Endurance Championship. He competed in GP2 Series from 2015 to 2016, and the FIA Formula 2 Championship from 2017 ...

and official banking partner of Team Jagonya Ayam racing management.

Slogans

* 1994–2003: ''Terpercaya, Kokoh dan Bersahabat'' * 2003-2004: ''Melayani dengan Kebanggaan Sebagai Anak Negeri'' * 2004–present: ''Melayani Negeri, Kebanggaan Bangsa''

Notes

References

External links

Official site

Bank Negara Indonesia, Singapore Branch website
* (Indonesian and Japanese
Bank Negara Indonesia, Tokyo Branch website