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BNI looks for smart alignment with Japanese business

BNI looks for smart alignment with Japanese business

(17 August 2012 – Indonesia) Bank Negara Indonesia (BNI) is looking to partner with 46 Japanese regional operating banks within the next year. BNI general manager for international division, Abdullah Firman Wibowo said the lender had so far secured agreements with 35 Japanese regional lenders, atop a Memorandum of Understanding (MoU) with Japan Bank for International Cooperation.

The bank hopes to tap into the US$48.8 billion (A$46.4 billion) potential transactions with these Japanese companies.

The bank has formed a so-called "Japan Desk", which will exclusively serve the Japanese clientele, to manage and handle Japanese businesses in Indonesia, according to Firman.

There are about 1000 Japanese companies operating across Indonesia mainly in manufacturing, services, construction and engineering, trading, and transportation.

Of the thousand Japanese businesses in Indonesia, 196 firms have become BNI’s customers.
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