Bank Negara Indonesia

Bank Negara Indonesia

Bank Negara Indonesia, commonly known as BNI, is an Indonesian bank. It has branches primarily in Indonesia, but it can also found in Singapore, Hong Kong, Tokyo, London and New York. It had 1000 branches and over 9 million customers in 2006. It is listed on the Indonesia Stock Exchange as "BBNI". Its market capitalization as of 12 March 2007 was 23.8 trillion rupiah (approximately US$2.6 billion).
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 1st official currency of Indonesia - ORI or Oeang Republik Indonesia.
Following the appointment of De Javasche Bank 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 jurisdicial assignment under Emergency Law number 2 of the year 1955. Also in 1955, Bank Negara Indonesia officially opened its 1st foreign branch in Singapore.
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.
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. With this change in legal status, the Bank's name was officially replaced with 'PT. Bank Negara Indonesia (Persero)'.
In 1996, Bank BNI's decision to become a public company was manifested through an Initial Public Offering of its shares through the stock exchange. Bank BNI was the 1st 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.
The government's banking recapitalization program, launched after the economic crisis, provided Bank BNI with additional capital of IDR 61,2 trillion.

The bank introduced the nickname 'Bank BNI' was

latest logo in 2004. The shortened into "BNI'46".

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Bank Rakyat Indonesia

Bank Rakyat Indonesia

It is currently 70% government owned operating company and has been government owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO.
BRI was founded in 1895, during the Dutch colonial period as "De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden", by Raden Aria Wirjaatmadja in Purwokerto, Central Java. It then underwent its 1st name changes to "Hulp-en Spaarbank der Inlandsche Bestuurs Ambtenaren" (tr. Aid and Savings Bank for Local Civil Servants).
Going through several name changes, its final name during the colonial period was "Algemene Volkscredietbank ", or People's General Credit Bank, in 1934. This translates loosely into Indonesian as "Bank Rakyat Serikat". At this point it was one of the largest institutions in the (then) colony.
The bank's operations were affected by the Japanese occupation during the 1942 to 1945 period of World War II, including a further name change to "Shomin Ginkou". After the Indonesian declaration of independence, on 17 August 1945 the bank was officially nationalised by the new government and then renamed "Bank Rakyat Indonesia Serikat".
As a bank, wholly owned by the government, BRI's structure then largely followed government whim, which moved rapidly towards socialism under President Sukarno and then to state authoritarianism under President Suharto. This involved being folded into, and then out of, Bank Indonesia. BRI gained its current name and status in 1992.
BRI was nearly unique in Indonesia in the East Asian financial crisis of 1997, in that its operations were largely unaffected. This was because it had very little, if any, lending in foreign currencies or to the large corporations that had been borrowing heavily overseas, as most of the other large Indonesian banks had.
Since then BRI has been concentrating on increasing its core business and improving its risk management practices. As part of the reformasi process in Indonesia since 1998, the government has been steadily reducing its influence on the Bank's day to day operations, culminating in its IPO. It is also seeking to comply with the Basel II accords, as mandated by Bank Indonesia, by 2008.

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Bank Danamon

Bank Danamon

PT Bank Danamon Indonesia Tbk. is an Indonesian bank established in 1956.The name Bank Danamon, which was derived from ‘dana moneter’, meaning monetary fund, was 1st used in 1976 in place of its original name, Bank Kopra.
In 1988, Bank Indonesia enacted a package of major banking reforms known as the ‘October 1988 Package’ or PAKTO 88. The main aim of PAKTO 88 was to encourage competition in the banking sector by lowering the barrier to entry, including the liberalization of the requirements for the establishment of new private domestic banks and joint-venture banks. As a result of this, Bank Danamon became among the 1st foreign exchange banks in Indonesia, and became a public company listed on the Jakarta Stock Exchange.
Today, ‘Danamon’ is the brand name of Indonesia’s largest financial institution by number of employees â€" approximately 61,875 permanent and non permanent employees at the end of September 2011; one which focuses on realizing its vision: “We Care and Enable Millions to Prosper”.
In pursuing this vision, Danamon has set its sights on being ‘The Leading Financial Institution in Indonesia’ with a significant market presence. It aims to achieve this position by being a customer centric organization covering all customer segments, each with a unique value proposition, centred on sales and service excellence and supported by world class technology. In line with this effort, Danamon aspires to be an employer of choice, respected by all of its stakeholders, while embracing 5 of its values: caring, honesty, passion to excel, teamwork and disciplined professionalism.
Danamon’s focus on fulfilling all of its customers’ needs is reflected in its business approach. Implemented in 2003, a universal banking focus pivoted Danamon’s business expansion ahead. By the end of 2004, Danamon had completed its array of business segments, spanning from mass market, SME & Commercial banking, retail banking, cards business, syariah banking, corporate banking, treasury, capital markets & financial institutions, in addition to Adira Finance. 2004 also marked Danamon establishing a solid entry into the insurance and household financing businesses through Adira Insurance and Adira Kredit. Danamon’s acquisition of American Express card business in Indonesia in 2006 made the bank one of the largest card issuers in the country.
A surviving entity in a merger of 9 Bank Taken Over during the Asian financial crisis which began in the late 1990s, Danamon has emerged as one of the largest and strongest financial institutions in the region. With over 50 years of experience, Danamon continues to strive to be a bank that ’make things happen’ for its customers â€" it’s brand promise. Danamon currently ranks as the 6th largest bank by asset size in Indonesia, and operates the 2nd largest branch network with over 2,900 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. Danamon is also supported by a comprehensive array of electronic banking conveniences.

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Bank Indonesia

Bank Indonesia

Bank Indonesia is the central bank of the Republic of Indonesia. Agus Martowardojo, formerly the finance minister, is the current governor. The last governor before Agus Martowardojo is Darmin Nasution, resigned at 23 May 2013. Agus Martowardojo was sworn in by president Susilo Bambang Yudhoyono on May 23, 2013.
By March 26, 2013, panel of Indonesian parliament member approved Finance Minister Agus Martowardojo to become the central bank governor.
For the next 15 years, the Bank of Indonesia carried on commercial activities as well as acting as the nation’s bank.
This came to an end with the Law No.13/1968 on the Central Bank, which was subsequently replaced by Law No.23/1999, giving the bank independence.
Thereafter, the bank reported to the parliament instead of the president, and the bank’s governor was no longer a member of the cabinet.
The bank is led by the board of governors, comprising the governor, a senior deputy governor and at between four and seven deputy governors.
The governor and deputy governors serve a five year term, and are eligible for re-election for a maximum of two terms. The governor and senior deputy governor are nominated and appointed by the president, with approval from the People's Representative Council. Deputy governors are nominated by the governor and appointed by the president, with approval of the People's Representative Council. The president has no power to dismiss a member of the board, except when a board member voluntarily resigns, is permanently handicapped, or is proven guilty of criminal offence.
The Board of Governors Meeting is the bank’s highest decision-making forum. It is held at least once a month to decide on general policy on monetary affairs, and at least once a week to evaluate policy implementation or to decide on other strategic and principle policy.
The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It hosted AFI's 2nd annual Global Policy Forum in Bali, Indonesia in 2010. On May 14, 2012 Bank Indonesia announced it would be making specific commitments to financial inclusion under the Maya Declaration.
By December 30, 2013, the bank's microprudential supervision functions will be transferred to Financial Services Authority. In the future, the bank will maintain Indonesian financial system and monetary stability through mixture of monetary and macroprudential instruments and policies.
The aim is to integrate all Automated Teller Machines in ASEAN countries, beginning with integration 1st in each country. On January 16, 2012 interconnection between Bank Mandiri ATMs and Bank Central Asia ATMs was launched.
BI operates 37 offices across Indonesia, and four representative offices in New York, London, Tokyo and Singapore. In addition, Bank Indonesia also operates a Museum, which is housed in the former De Javasche Bank head office building in the Old Town (Kota Tua) area of Jakarta.

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