Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsExpanding business: State-owned lender Bank Negara Indonesia launched four automatic teller machines in Hong Kong on Sunday
span class="caption">Expanding business: State-owned lender Bank Negara Indonesia launched four automatic teller machines in Hong Kong on Sunday. The Financial Services Authority's literacy and education director Agus Sugiarto (left), Indonesian Consul General in Hong Kong Chalief Akbar and BNI president director Gatot M.Suwondo (right) marked the official operation of the ATMs by withdrawing money during the launch. (JP/Bambang Nurbianto)
State-owned lender Bank Negara Indonesia (BNI) on Sunday launched four automatic teller machines (ATMs) in Hong Kong.
The move is intended both to boost transfers and to provide Indonesian migrant workers with better services for their financial transactions, such as cash withdrawals and transfers to Indonesia.
BNI president director Gatot M. Suwondo said BNI staff in Hong Kong had started to approach Indonesian communities, who were mostly migrant workers, inviting them to join the bank to boost its customer numbers in China's special autonomous region. As of July, BNI Syariah had 13,294 customers, while BNI had 4,000 in Hong Kong.
'BNI is the only Indonesian bank that operates ATMs abroad and has a permit to install ATMs outside its branch offices,' said Gatot during the BNI ATM launch ceremony at BNI's Hong Kong branch.
Indonesian Consul General Chalief Akbar, Agus Sugiarto of the Financial Services Authority (OJK) and BNI's international division head Abdullah Firman Wibowo started the official ATM operation by withdrawing cash from the ATMs.
'We installed the BNI ATMs to facilitate our customers in Hong Kong, including migrant workers, students and the business community,' said Gatot.
Two of the four ATMs are installed at BNI Remittance Office in Causeway Bay, near Victoria Park, where many Indonesian migrant workers spend their weekends and time off, while the two other ATMs are at the BNI Hong Kong branch in the Admiralty area.
Bank Indonesia data shows that last year, remittances sent by Hong Kong-based migrant workers reached US$589 million. In its 2013 annual report, BNI claimed to control 5 percent of total remittances sent from Hong Kong to Indonesia. This means the amount of money sent using BNI's network reached $29.45 million.
Gatot said migrant workers received an average monthly salary of HK$3,500 (US$451) and usually sent up to $1,000 to Indonesia every month.
Of around 170,000 Indonesians in Hong Kong, 153,000 were migrant workers, according to the Indonesian Consulate General. 'This means that the market is wide open for BNI to increase its number of customers in Hong Kong,' said Chalief. (ebf)
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.
Quickly share this news with your network—keep everyone informed with just a single click!
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Get the best experience—faster access, exclusive features, and a seamless way to stay updated.