Learn About Bank Negara Indonesia Company Profile

Bank Negara Indonesia (BNI) is a state-owned bank in Indonesia that was established in 1946. It is one of the largest banks in the country.

BNI's history dates back to the Indonesian National Revolution, when the bank was founded to support the country's financial needs. The bank has since grown to become a leading financial institution in Indonesia.

BNI offers a wide range of financial services, including retail banking, corporate banking, and investment banking. Its services are available through a network of over 3,000 branches and 6,000 ATMs across the country.

BNI's mission is to support the economic development of Indonesia by providing innovative and customer-centric financial solutions.

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Bank Negara Indonesia, or BNI, is a state-owned bank in Indonesia. It was established in 1946.

BNI is one of the largest banks in Indonesia, with a significant presence in the country's financial sector. It provides a wide range of banking services to individuals, businesses, and governments.

BNI has a strong network of branches and ATMs across Indonesia, making it easily accessible to customers nationwide.

A fresh viewpoint: Bni Bank Swift Code

Bank Negara Indonesia was established on 5 July 1946, both as a central bank and a commercial bank. Margono Djojohadikusumo was appointed as the director and Abdul Karim as secretary.

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.

Following the appointment of the Bank of Java as the Central Bank of Indonesia, Bank Negara Indonesia's role shifted to that of a development bank. It was later given the right to serve as a foreign exchange bank.

Bank Negara Indonesia officially opened its first foreign branch in Singapore in 1955. This marked a significant milestone in the bank's expansion.

Increased capitalization in 1955 led to a change in the bank's legal status, making it a commercial bank through a judicial assignment under Emergency Law number 2 of the year 1955.

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Bank Negara Indonesia, or BNI, has a rich history that dates back to 1946 when it was established as a central bank and commercial bank. It was initially tasked with issuing and handling Indonesian currency.

The bank's first official currency, ORI or Oeang Republik Indonesia, was distributed a few months after its establishment. This marked a significant milestone in the country's financial history.

In 1955, BNI's legal status was changed to that of a commercial bank through a judicial assignment under Emergency Law number 2. This change paved the way for the bank's growth and expansion.

BNI has a significant presence in the country, with 1,766 domestic branches and five overseas branches in New York, London, Tokyo, Hong Kong, and Singapore.

Here's a breakdown of BNI's key statistics:

BNI also has a strong focus on lending, with a sector focus lending strategy that targets eight key industry sectors. These sectors include oil & gas and mining, telecommunications, chemical, agribusiness, wholesale and retail trading, food and beverage, electricity, and construction.

The bank's Middle Business segment manages loans between IDR 10 billion and IDR 100 billion for individual commercial businesses, or between IDR 15 - 150 billion for commercial business group customers. The Small Business segment manages loans of up to IDR 10 billion for individual commercial customers and up to IDR 15 billion for group commercial customers.

BNI went public on the Indonesia Stock Exchange (IDX) in 1996, selling 25 percent of its equity to the public. This move marked a significant step in the bank's growth and development.

In 2011, BNI put the corporate, middle commercial, and small commercial segments under the Director of Business Banking. This move aimed to improve the bank's efficiency and effectiveness in serving its customers.

BNI has consistently improved its financial performance over the years, with net income increasing from IDR 4,103 in 2010 to IDR 13,616 in 2017.

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So, you want to know about SWIFT Code? It's a unique code assigned to Bank Negara Indonesia to facilitate international transactions.

The SWIFT Code is used for international wire transfers and is a crucial part of the banking process.

Bank Negara Indonesia's SWIFT Code is BNIIDJJA.

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Bank Negara Indonesia has a significant presence in the market with 1,766 domestic branches and five overseas branches in major cities such as New York, London, Tokyo, Hong Kong, and Singapore.

The bank has a diverse lending strategy, focusing on eight key industry sectors, including oil & gas and mining, telecommunications, chemical, agribusiness, wholesale and retail trading, food and beverage, electricity, and construction.

BNI offers various loan segments, including Middle Business, which manages loans between IDR 10 billion and IDR 100 billion for individual commercial businesses, and Small Business, which manages loans of up to IDR 10 billion for individual commercial customers.

Here is a summary of BNI's financial highlights for 2015-2018:

BNI's net interest margin (NIM) has been steadily decreasing, from 6.4% in 2015 to 5.5% in 2017.

If you're making an international transfer to a bank account, you'll be asked for a BIC/SWIFT code.

Using traditional banks to send money abroad can be slow and expensive, but it's a necessary step if you need to transfer funds internationally.

You'll need to provide the BIC/SWIFT code along with details like the bank address to complete the transfer.

Trying a different option, like Wise, can be a more efficient choice for fast, cheap, and secure international money transfers.

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Bank Negara Indonesia has raised funding over 2 rounds. Its first funding round was on Sep 25, 2019.

Bank Negara Indonesia has several competitors in the market. Scotiabank1832 ranks first among its competitors, with a Tracxn Score of 73/100.

Scotiabank1832 is a commercial bank based in Toronto, Canada, and it has received funding from investors such as Seaside Private Capital and Colpatria. Bank of America1904, a commercial bank and asset management firm from the United States, ranks second with a Tracxn Score of 72/100.

Bank Central Asia, another commercial bank from Indonesia, ranks third with the same Tracxn Score as Bank of America1904. The top four competitors of Bank Negara Indonesia are all commercial banks, with a strong presence in the market.

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As we explore the competitors of Bank Negara Indonesia, it's clear that there are several notable players in the market. Scotiabank1832, a commercial bank based in Toronto, Canada, takes the top spot with a Tracxn Score of 73/100.

The company has received funding from investors such as Seaside Private Capital and Colpatria. Bank of America, another commercial bank and asset management firm, ranks second with a Tracxn Score of 72/100. It has investors like PSP Investments and Berkshire Hathaway.

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Bank Central Asia, a commercial bank based in Jakarta, Indonesia, also ranks second with a Tracxn Score of 72/100. It's worth noting that this bank is a competitor to Bank Negara Indonesia in the Indonesian market.

Here's a list of the top 10 competitors of Bank Negara Indonesia, ranked by their Tracxn Score:

Bank Negara Indonesia has made several notable investments and acquisitions over the years.

In 2022, the company invested in iForte Solusi Infotek, a Jakarta-based company founded in 2002.

Bank Negara Indonesia also made investments in Mizuho Bank in 2020, and in PLN in 2019.

PLN, a company founded in 1945, is a significant investment for Bank Negara Indonesia, with its headquarters located in Jakarta, Indonesia.

Here are the details of Bank Negara Indonesia's investments and acquisitions:

Bank Negara Indonesia has been making significant moves in recent years. In 2022, the bank acquired Bank Mayora with plans to transform it into a digital bank focused on the MSME segment. This strategic move is expected to expand the bank's reach and services.

The bank has also ventured into the venture capital sector through BNI Ventures. This move is a testament to the bank's willingness to explore new opportunities and stay ahead of the curve.

Bank Negara Indonesia changed the name of Bank Mayora to Hibank in 2023.

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