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".
Its market capitalization as of 2022[update] was 1.029.83 trillion rupiah (approximately US$69 billion).[6] It is the fourth-largest bank of Indonesia in terms of assets.[7]
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 – ORIorOeang 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]
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]
Former Bank Negara Indonesia logo from 1988 to 2004[8]
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 (orPersero). 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]
The government's banking recapitalization program, launched after the economic crisis, provided Bank Negara Indonesia with additional capital of IDR 61.2 trillion.[8]
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.
Media related to Bank Negara Indonesia at Wikimedia Commons
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