Bank Rakyat Indonesia

Bank Rakyat Indonesia

Bank Rakyat Indonesia (BRI) is a bank in Indonesia that is 70% owned by the government. This bank has been government-owned since Indonesia's war of independence from 1945 to 1949, and it was first established in 1895 as the "Aid and Savings Bank for Local Civil Servants" during the colonial period. Over the years, the bank underwent several name changes before becoming the "People's General Credit Bank" in 1934. During World War II, the bank's operations were impacted by the Japanese occupation, and after Indonesia declared independence in 1945, the bank was nationalized by the new government and renamed "Bank Rakyat Indonesia Serikat."

The bank's structure largely followed government policies under President Sukarno and President Suharto, moving rapidly towards socialism and then state authoritarianism. In 1992, the bank gained its current name and status. During the East Asian financial crisis of 1997, BRI was largely unaffected as it had limited lending in foreign currencies or to large corporations borrowing heavily overseas, unlike most other Indonesian banks. Since then, BRI has focused on increasing its core business and improving risk management practices. The government has reduced its influence on the bank's day-to-day operations, culminating in an IPO in 2003, and BRI is working towards complying with Basel II accords mandated by Bank Indonesia by 2008.

Bank Negara Indonesia

Bank Negara Indonesia

Bank Negara Indonesia (BNI) is an Indonesian bank with branches primarily located in Indonesia, but also in Singapore, Hong Kong, Tokyo, London, and New York. In 2006, it had 1000 branches and over 9 million customers. It is listed on the Indonesia Stock Exchange as "BBNI," with a market capitalization of approximately US$2.6 billion as of 12 March 2007.

BNI was established on 5 July 1946 and was intended to be the Central Bank of Indonesia, responsible for issuing and handling Indonesian currency. A few months after its establishment, BNI officially distributed the first official currency of Indonesia - ORI or Oeang Republik Indonesia.
Bank Negara Indonesia (BNI) had its role shifted to that of a development bank after the appointment of De Javasche Bank as the Central Bank of Indonesia. Following increased capitalization in 1955, the legal status of BNI was changed into that of a commercial bank, and it officially opened its first foreign branch in Singapore that same year.

After a merger period with several other commercial banks, BNI's function and individuality were restored in 1968, with its official name changed to 'Bank Negara Indonesia 1946'. The bank underwent an operational restructuring program to improve its performance, and changed its corporate logo to a sailing boat to signify its aspiration to play a more international role.

In 1992, state-run banks were given the opportunity to change their legal status into Limited State-Owned Corporations, with BNI's name officially replaced with 'PT. Bank Negara Indonesia (Persero)'. The bank became a public company in 1996 through an initial public offering of its shares, and underwent the government's banking recapitalization program after the economic crisis.

In 2004, BNI introduced a new logo and shortened its nickname to "BNI'46".

Bank Danamon

Bank Danamon

PT Bank Danamon Indonesia Tbk. is a prominent Indonesian bank that was founded in 1956 with the original name of Bank Kopra. In 1976, the bank changed its name to Bank Danamon, derived from "dana moneter," meaning monetary fund. In 1988, Bank Indonesia enacted major banking reforms to encourage competition in the banking sector, which lowered the barrier to entry and resulted in Bank Danamon becoming one of the first foreign exchange banks in Indonesia. Today, Danamon is the largest financial institution in Indonesia by the number of employees, with a focus on fulfilling all of its customers' needs.

Danamon's business approach is centered around universal banking, which it implemented in 2003. By the end of 2004, Danamon had completed its array of business segments, spanning from mass market, SME & Commercial banking, retail banking, cards business, syariah banking, corporate banking, treasury, capital markets & financial institutions, in addition to Adira Finance. Danamon's acquisition of American Express card business in Indonesia in 2006 made the bank one of the largest card issuers in the country. Danamon is one of the largest and strongest financial institutions in the region, having survived a merger of 9 Bank Taken Over during the Asian financial crisis which began in the late 1990s.

Danamon aims to be "The Leading Financial Institution in Indonesia" with a significant market presence. It focuses on being a customer-centric organization covering all customer segments with a unique value proposition, centered on sales and service excellence and supported by world-class technology. The bank aspires to be an employer of choice, respected by all of its stakeholders, while embracing its values of caring, honesty, passion to excel, teamwork, and disciplined professionalism.

Danamon currently ranks as the 6th largest bank by asset size in Indonesia and operates the 2nd largest branch network with over 2,900 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries' branches. Danamon is also supported by a comprehensive array of electronic banking conveniences.

Bank Indonesia

Bank Indonesia

Bank Indonesia is the central bank of the Republic of Indonesia. Agus Martowardojo, formerly the finance minister, is the current governor. The last governor before Agus Martowardojo is Darmin Nasution, resigned at 23 May 2013. Agus Martowardojo was sworn in by president Susilo Bambang Yudhoyono on May 23, 2013.
By March 26, 2013, panel of Indonesian parliament member approved Finance Minister Agus Martowardojo to become the central bank governor.
For the next 15 years, the Bank of Indonesia carried on commercial activities as well as acting as the nation’s bank.
This came to an end with the Law No.13/1968 on the Central Bank, which was subsequently replaced by Law No.23/1999, giving the bank independence.
Thereafter, the bank reported to the parliament instead of the president, and the bank’s governor was no longer a member of the cabinet.
The bank is led by the board of governors, comprising the governor, a senior deputy governor and at between four and seven deputy governors.
The governor and deputy governors serve a five year term, and are eligible for re-election for a maximum of two terms. The governor and senior deputy governor are nominated and appointed by the president, with approval from the People's Representative Council. Deputy governors are nominated by the governor and appointed by the president, with approval of the People's Representative Council. The president has no power to dismiss a member of the board, except when a board member voluntarily resigns, is permanently handicapped, or is proven guilty of criminal offence.
The Board of Governors Meeting is the bank’s highest decision-making forum. It is held at least once a month to decide on general policy on monetary affairs, and at least once a week to evaluate policy implementation or to decide on other strategic and principle policy.
The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It hosted AFI's 2nd annual Global Policy Forum in Bali, Indonesia in 2010. On May 14, 2012 Bank Indonesia announced it would be making specific commitments to financial inclusion under the Maya Declaration.
By December 30, 2013, the bank's microprudential supervision functions will be transferred to Financial Services Authority. In the future, the bank will maintain Indonesian financial system and monetary stability through mixture of monetary and macroprudential instruments and policies.
The aim is to integrate all Automated Teller Machines in ASEAN countries, beginning with integration 1st in each country. On January 16, 2012 interconnection between Bank Mandiri ATMs and Bank Central Asia ATMs was launched.
BI operates 37 offices across Indonesia, and four representative offices in New York, London, Tokyo and Singapore. In addition, Bank Indonesia also operates a Museum, which is housed in the former De Javasche Bank head office building in the Old Town (Kota Tua) area of Jakarta.

Related Sites for Bank Indonesia

• Facebook® Account Sign Up read Bank Indonesia
• Bank Indonesia Official Website read Bank Indonesia
• Bank Indonesia - Wikipedia bahasa Indonesia, ensiklopedia bebas read Bank Indonesia
• default - Bank Sentral Republik Indonesia read Bank Indonesia