So far, we are still on target,” Yap said. “The impact of the on our CAR will depend on our growth in 2012. This is expected to ease access and provide us with the best pricing,” Gatot told a press briefing after the shareholders meeting.įitch Ratings has given an investment grade rating of BBB- for BNI’s proposed dollar notes, which reflects “Fitch’s expectation of likely continuing state support for BNI in times of need”, the ratings agency said in a statement released on Tuesday.Ĭredit Suisse, Deutsche Bank and Morgan Stanley have been appointed to arrange the bond offering, said BNI finance director Yap Tjay Soen. “We have secured a good rating for our upcoming global bond, which is rated the same as our sovereign. It will also begin offering dollar-denominated bonds in a roadshow to be conducted within the week to raise capital. The state-owned bank on Wednesday secured approval from shareholders to retain Rp 3.2 trillion (US$348.8 million) of its Rp 5.8 trillion net profits last year to ensure sufficient capital to disburse credit. The partnership will boost BNI’s loan disbursement but Adi declined to disclose the bank’s target on the particular program with Japanese regional banks.īNI president director Gatot Suwondo said the lender’s first quarter results show that it is “on track” to reach its target to grow lending by 18 to 20 percent this year, though he declined to disclose the exact figures. The massive tsunami that hit Japan last year crippled several power plants, urging businesses there to seek supplies from outside Japan, especially from China, Thailand and Indonesia, and “that’s what we wanted to tap into”, he explained.īNI has wrapped up partnership agreements with nine of the 11 Japanese regional lenders, while the remaining two - Aichi Bank (Nagoya) and Kyoto Bank - will be completed this year. They want to open an industrial area in Indonesia, especially outside Java,” Adi told reporters after a shareholders meeting. Japanese regional banks do not understand Indonesia, so we will fill in the gap. “BNI could facilitate Japanese SMEs wanting to do business in Indonesia. The state-owned bank will operate a so-called “Japan Desk” at the Japanese partner banks’ offices, and vice versa for the regional lenders at BNI branches here, to reach out to SME clients, BNI treasury and financial institution director Adi Setianto said on Wednesday.Įach bank may have 40 SME partners, therefore there are about 440 new Japanese SME partners for BNI to work with in terms of disbursing rupiah-denominated loans and other banking services, including opening up new accounts. Indonesia’s fourth-largest lender Bank Negara Indonesia (BNI) has teamed up with 11 Japanese regional lenders to target small and medium enterprises (SMEs) there to help boost loans and deposits.