The signing was attended by BNI's Treasury and International Director, Henry Panjaitan, along with Head of the Global Business Group of KB Kookmin Bank and Chief Global Strategy Officer/Senior Managing Director of Kookmin Bank Financial Group, Nam Hoon Cho, in Jakarta on Monday.

"BNI continues to improve its role as Indonesia's global bank with one of its strategic steps, namely by collaborating with KB Kookmin Bank, the number one bank in South Korea," said Henry.

Henry said that this business collaboration included treasury transactions, syndicated loans, trade finance, funding in local currencies and the exchange of information for customers who want to trade or invest in the two countries of origin of the banks.

BNI continues to improve its role as Indonesia's global bank by collaborating with KB Kookmin Bank, the number one bank in South Korea.

He added that in addition to benefiting business transactions between the two banks, through the collaboration, BNI, as a developer agent, could facilitate the entry of South Korean state investment into Indonesia, which has increased rapidly in recent years.

"In the future, we hope that the two banks can enhance closer relations while producing business transactions that are mutually beneficial to both parties," said Henry.

The partnership also includes an exchange of customer information, where BNI, as a global Indonesian bank can assist Indonesian exporters in expanding in South Korea by connecting them to South Korean importers who are customers of KB Kookmin Bank.

For KB Kookmin Bank, the strategy to enter the Indonesian market began in 2018 with an acquisition of shares of Bank Bukopin. It now holds 67 percent of Bank Bukopin.

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