BNI Earmarks Rp4tn to Acquire Banks, Insurers
Translator
Editor
January 24, 2019 | 03:18 pm
TEMPO.CO, Jakarta - Bank Negara Indonesia (BNI) is preparing Rp3 trillion to Rp4 trillion for business expansion purposes this year. Among others, the bank plans to acquire a financial service entity in Indonesia.
“Could be a bank or an insurance company. [The acquisition is] aimed at achieving our vision as a financial institution," BNI deputy director Herry Sidharta said in a press conference in Jakarta, Thursday, January 24.
Herry said the corporate's act is still being reviewed, and so BNI cannot provide too many information about the plan yet. He revealed that the plan might be done directly by the bank or through subsidiaries.
There are currently five companies under BNI: BNI Syariah, BNI Life, BNI Multifinance, BNI Sekuritas, and BNI Asset Management.
Since celebrating its 72nd anniversary last July, BNI has been campaigning to go digital—reaching beyond the traditional banking ways and embrace the future with all-digital services.
Fajar Pebrianto
