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BNI Crowned as Bank with The Best International Division in ASEAN

by Sebastianus Epifany Tuesday, September 19, 2017 - 16:36

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BNI) achieved recognition as a bank that has the best international business and crowned as the bank with the best international division in Southeast Asia. The services provided by BNI to Indonesian customers abroad, expatriates working in Indonesia, to diaspora with an interest in Indonesia have become part of the main assessment.

Hence, Alpha Southeast Asia magazine as the conductor of the survey which leads to BNI assessment submitted the Best International Division in South East Asia award plaque to the Director of Treasury & International BNI Panji Irawan in Singapore (14/9/2017).

Some of the best services provided by BNI to support the needs of businessmen in international transactions include Remittance, Trustee, Custody, Trade Finance, Overseas Branch Offices and B2B Financing Network. The seven types of services are the business units with the largest contribution to services to customers in the International Division of BNI.

Every product that BNI prepares to serve its customers on these international transactions is sustained by the support of its largest branch network owned by national banks from Indonesia. Currently, BNI has offices in Singapore, Hong Kong, Tokyo - Japan, Osaka - Japan, Seoul - South Korea, New York - United States, London - United Kingdom, and Yangon - Myanmar."International business BNI contributes to the formation of corporate profits. The pre-tax profit earned from the various services we provide on international transactions reaches more than Rp 1,2 trillion, exceeding the target," said Panji Irawan on the press release on (19/9).

BNI recorded a prominent achievement compared to other banks in Indonesia and even in Southeast Asia to get the Best International Division in South East Asia. This best achievement was obtained for the fourth time in a row since 2014.

At the same time, BNI became the bank with the best Trade Finance service in Indonesia for the seventh time in a row. Every year, Hong Kong-based banking business media Alpha South East Asia holds financial institution competitions in Southeast Asian countries, namely Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, and Myanmar. This 10-year competition provides awards to financial institutions for several categories in each country.

The excitement of internal infrastructure projects highlighted by the Indonesian government has made BNI an excellent financial institution in providing Open Account Financing (OAF) and Domestic Documented Credit Letters (SKBDN). Open Account Financing (OAF) and SKBDN are two types of transactions that currently dominate domestic financial market players.

During the period of June 2016 to May 2017, BNI was able to record OAF services worth 1,42 billion USD and listed 34,02 million USD as OAF revenue. Likewise, with SKBDN, BNI serves transactions worth 10,33 billion USD and withdraw revenues worth 15,42 million USD from the transaction. The passion in using OAF and SKBDN shows that both transaction methods are the preferred type of transactions among economic actors in Indonesia.

"Looking at the trend, BNI continues to improve and update its service products, not only in the Trade Finance business, but also other related transactions, such as Cash Management services. In this case, BNI's Cash Management is integrated with Digital Banking and Corporate Credit platforms to attract more customers and develop markets that will ultimately increase revenue and product utilization rates," conclude Panji.

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