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Corporate segment of BNI becomes more progressive
PT Bank Negara Indonesia (Persero) Tbk. (BNI) is committed to maintaining credit growth in the range of 7 to 10 percent until the end of this year, with the corporate segment being one of the major growth engines.
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PT Bank Negara Indonesia (BNI) is prioritizing more services for its corporate customers.
PT Bank Negara Indonesia (Persero) Tbk. (BNI) is committed to maintaining credit growth in the range of 7 to 10 percent until the end of this year, with the corporate segment being one of the major growth engines.
BNI has noted that many corporations are becoming more adaptable and are continuing to strengthen to serve as catalysts for the economic recovery. BNI’s main target are superior customers in each sector, along with their value chain business partners.
BNI corporate and international banking director Silvano Rumantir said the bank’s focus for expansion to blue-chip customers was in line with the strategic policies set out in the Bank Business Plan (RBB) with prudent risk management policies. The growth of the corporate segment provides a large multiplier effect for the economy and, in the long term, can produce a sustainable business portfolio for the company.
In the first half of 2022, BNI managed to record an outstanding corporate loan of Rp 311.2 trillion, up 8.28 percent year-on-year (yoy), mainly driven by growth in the blue-chip corporate segment. The momentum for BNI's corporate lending in the last few quarters has improved, with credit distribution during the second quarter of this year being the highest post-pandemic.
“We think this momentum will continue in the second half of this year. We see that there are still many opportunities that we can work on in the corporate segment. The relatively strong growth in domestic consumption will encourage companies in various sectors to expand their business. This is also reflected in the PMI [Purchasing Managers' Index] indicator which is always above 50, meaning that in general the company is in an expansion phase. Regarding tactical portfolio allocation, we view the FMCG, telecommunications and health sectors as defensive sectors in terms of risk, but with large growth potential. Of course, we also need to be aware of global economic developments that are starting to have an impact on Indonesia, especially in terms of exchange rate volatility and imported inflation, which is starting to appear in fuel products,” continued Silvano.
Silvano added that with the increasingly complex business needs of corporations that had gone global, BNI realized it was not enough to offer vanilla solutions and that more complex solutions with investment banking capabilities were continuously improving.
Moreover, BNI has succeeded in completing the operational establishment of BNI Sekuritas in Singapore and attracting global talents who are specialists in the syndication business and investment in overseas branches.
Comprehensive solutions such as payment and collection, supply chain financing, trade financing, bank guarantees and remittances are also ready to be offered through the BNIDirect Digital Platform for corporate customers and their value chains to create better economies of scale.
"Our expansion in international business is one area that we will continue to explore in order to optimize our global network to form an ecosystem in the global market for our corporate customers and their value chain, which we hope to generate in the future – more revenue for BNI," he concluded.
