BNI to open branches in S. Korea, Myanmar

26 January, 2015 | Source: ANTARA NEWS

Jakarta (ANTARA News) - PT Bank Negara Indonesia (BNI), the countrys fourth largest bank in assets, said it would open branches in South Korea and Myanmar this year.

"Proposal for the opening of the branches in South Korea was already submitted late last year and proposal for one in Myanmar was already made a year earlier," Gatot M. Suwondo, president director of the publicly traded state lender said here on Friday.

Gatot said expansion to the two countries is included in the banks business plan as reported to the shareholders.

"We focus expansion to the two countries. Later we will open another branch in Malaysia," he said.

He said it is not easy to open a branch abroad as "we have to follow the regulation of the destination country."

BNI, therefore adopts the strategy of "based on related business", that BNI is ready to serve Indonesian business people seeking expansion abroad, he said.

"At the same time we hope to encourage foreign investors from the foreign country to do business in Indonesia," he added.

The unit to be opened in South Korea, will be a full branch as requested, but the one in Myanmar could not be directly to operate as full branch.

"In South Korea apart from facilitating investors BNI also will serve Indonesian migrant workers. In Myanmar, BNI wants only to help promoted investment cooperation between the two countries," Gatot said.

The plan to open a branch in Malaysia is yet to be proposed, he said.

Opening a subsidiary in Malaysia is required to have a capital of at least Rp1 trillion.

 

The Kazakh government is interested to learn the Indonesian National Counterterrorism Agency (BNPT)′s soft approaches to deal with terrorism, BNPT Chief Commissioner General Police Suhardi Alius said in a press statement released on Sunday.
Indonesia`s Trade Minister Enggartiasto Lukita revealed that the country`s exports in 2017 had reached US$168.7 billion, a year-on-year increase of 19.8 percent.
Bandung City has won the Asean Clean Tourist City award at the 2018 Asean Tourism Award (ASANTA), which took place in Chiang Mai, Thailand.
President Joko Widodo will follow up the request for cooperation for peace bulding in Afghanistan in his state visit to that country next week, Foreign Minister Retno Marsudi said here on Thursday.
Deputy Energy and Mineral Resources Minister Arcandra Tahar has said Indonesia plans to export liquefied natural gas (LNG) to two South Asian countries — Pakistan and Bangladesh — with the trading values at about US$6 billion for each country.
The population of Komodo dragons in the Komodo National Park has reached 3,012 heads in 2017, according to Sudiyono, head of the park.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu