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Home CORPORATION

Global Network Expands, BNI Opens Representative Office in Australia

by Editor Asiatoday
September 5, 2024
in CORPORATION
Reading Time: 2 mins read
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Global Network Expands, BNI Opens Representative Office in Australia

BNI Headquarter in Jakarta. FILE: BNI

ASIATODAY.ID, SYDNEY – PT Bank Negara Indonesia (Persero) Tbk., or BNI (BBNI) continues to expand its global network by opening a representative office in Australia.

BNI President Director, Royke Tumilaar, said that the opening of this representative office would not only be an expansion step for the company, but would also be an important historical milestone in business cooperation and economic partnership between Indonesia and Australia.

“As the first bank to open a representative office in Australia, we are grateful to be able to play a role in supporting the implementation of the Indonesia-Australia Comprehensive Economic Partnership Agreement,” he said in Sydney, Thursday, September 5 2024, quoted from the official BNI broadcast.

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According to Royke, this partnership is a strategic basis for the long-term cooperative relationship between the two countries, which can present great opportunities in several aspects.

First, expand trade; secondly, increasing investment, and thirdly strengthening collaboration in various sectors that are vital for the economic growth of the two countries.

Apart from that, Royke said, as one of the players in the Indonesian banking industry, BNI is also committed to being the main driver of the existing potential for cooperation between the two countries.

“We are also ensuring that the Indonesia-Australia strategic partnership can be felt in real terms by the people and business world in both countries and also supports the Indonesian diaspora in Australia,” said Royke.

Apart from Australia, BNI currently has 8 global networks, namely BNI Singapore, BNI Hong Kong, BNI Tokyo, BNI Osaka, BNI Seoul, BNI New York, BNI London and BNI Amsterdam.

Throughout semester I/2024, BBNI has recorded a profit of IDR 10.7 trillion or grew 3.8% annually (YoY) compared to the same period the previous year. This net profit was supported by accelerated business growth, both in terms of credit distribution and customer transactions, as well as momentum for maintained asset quality improvements.

It was noted that BNI recorded credit growth as of June 2024 of 11.7% YoY to IDR 727 trillion, an increase compared to credit growth in the first quarter which was 9.6% YoY. BNI’s credit growth resulted from prudent expansion in low-risk segments, namely blue chip corporations, both private and state-owned, consumer credit and subsidiary companies. (AT Network)

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Tags: Bank Negara IndonesiaBNIIndonesia-Australia Comprehensive Economic Partnership Agreement
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