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SOEs Minister Erick Thohir imparts important message on BNI’s 46th birthday
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(Photo: BNI)
P
T Bank Negara Indonesia (Persero) Tbk (BNI) is expected to become a global bank with the capacity to empower micro, small and medium enterprises (MSMEs), Indonesian migrant workers and the diaspora.
As BNI’s 46th anniversary approaches, State-Owned Enterprises (SOEs) Minister Erick Thohir noted BNI’s noble task of being an Indonesian bank that could go global.
With an established overseas network, BNI can increase its capacity to accelerate economic growth not just nationally, but also internationally.
Erick expressed hope that BNI would continue to improve the quality of its services, human resources and competitiveness, especially against other global banks.
“We also hope that BNI can help micro, small and medium enterprises [MSMEs] level up and reach the global stage, protect migrants as agents of development, [increase] job opportunities and [support] the diaspora as they spearhead the entry of Indonesian products into overseas markets.
BNI to reach higher
Meanwhile, BNI president commissioner Agus Dermawan Wintarto Martowardojo assured stakeholders that the company was committed to making positive leaps and overall progress.
“With the spirit of synergy, collaboration and contribution, BNI has become an industry leader in finance that has made its mark on the history of banking in Indonesia,” he said.
As of March 2022, BNI had been showing improvements in financial performance. Net profit was recorded at Rp 4.3 trillion (US$286 million) with 84 percent growth year-on-year (yoy) supported by a net interest income hike of 2.3 percent along with 18.8 percent growth in fee-based income and a loan recovery rate of 103.5 percent. Therefore, its operational income before pre-provision operating profit (PPOP) grew 11 percent yoy.
Furthermore, BNI’s efforts to increase credit quality through monitoring, handling and effective policy-making also helped it record healthier credit quality.
“We noted that in March 2022, total assets had grown by 8.1 percent yoy, loans by 5.9 percent yoy and third-party funds by 8.4 percent. However, we still managed to reduce the cost of funds to 1.46 percent — the lowest in recent years,” Agus added.
BNI president director Royke Tumilaar emphasized that since its establishment, BNI had always been actively involved in the development of Indonesia’s economy. Throughout the years, it had developed business opportunities in various other countries, becoming a bridge between the Indonesian and the global markets.
“These 76 years have proven BNI’s value as a financial institution that is both agile and capable in navigating new challenges and turning them into opportunities to achieve success,” Royke said, adding that he hoped that BNI would remain an innovative and creative financial institution that upgraded its performance sustainably.
“We appreciate all stakeholders, including the government, employees and customers, who consistently support BNI. The company will continue to carry out its function and role to maintain and boost the improving performance of the national economy,” said Royke.
