The Jakarta Post
State-owned Bank Negara Indonesia (BNI) hopes more Japanese companies will deposit their funds in the state bank following a partnership agreement with Joyo Bank, the fifth largest Japanese regional lender.
Under an agreement signed in Jakarta on Wednesday, BNI, the only Indonesian bank with a branch in Japan, will provide a priority service to Joyo Bank’s clients in Indonesia, said Abdullah Firman Wibowo, BNI’s head of international division.
He hoped that with the privilege service, Joyo Bank’s clients in Indonesia would deposit their funds with BNI as well as carry out banking transactions through the state bank.
BNI currently manages Rp 1.35 trillion (US$141 million) in deposits owned by Japanese companies
operating in Indonesia.
Firman hopes to increase the figure to Rp 2 trillion by the end of this year.
Joyo Bank is the 40th Japanese r...