Profile

Industry Sector Finance
Industry Sub Sector Banking
Established 5 July 1946
Listed 25 November 1996
Listed company code BBNI
Listed Shares 18,462,169,893
Dividend Yes
Major Shareholders (>5%) Government of Indonesia (60.61%)
Key Subsidiaries Bank BNI Syariah
BNI Multi Finance
BNI Securities
BNI Life Insurance

Stock Quote Bank Negara Indonesia - BBNI:

Business Summary

BNI was established by the Indonesian government in 1946 and initially served as the country's central bank, before assuming the status of commercial bank in 1955. In 1996, BNI became the first state-owned bank to go public on the Indonesia Stock Exchange (IDX) when it sold 25 percent of its equity to the public.

At the start of 2015, BNI had 1,766 domestic branches and five overseas branches in New York, London, Tokyo, Hong Kong and Singapore.

Since 2011, BNI put the corporate, middle commercial and small commercial segments under the Director of Business Banking. In addition, BNI also developed a sector focus lending strategy that focuses on eight key industry sectors, to wit: oil & gas and mining, telecommunications, chemical, agribusiness, wholesale and retail trading, food and beverage, electricity, and construction. Through the implementation of this strategy, BNI expects to maintain the quality of its loan portfolio in support of solid financial growth in the future.

The bank's Middle Business segment manages loans between IDR 10 billion and IDR 100 billion for individual commercial businesses, or between IDR 15 - 150 billion for the commercial business group customers.

The Small Business segment manages loans of up to IDR 10 billion for individual commercial customers and up to IDR 15 billion for group commercial customers.

Bank Negara Indonesia's Financial Highlights:

    2010   2011   2012   2013   2014   2015   2016
Revenues  11,737  13,196  15,459  19,058  22,761  25,560  29,995
Net Income   4,103   5,826   7,046   9,054  10,783   9,067  11,339
Net Operating Income   5,509   7,242   8,641  11,219  13,346  11,412  14,229
Income before Tax   5,485   7,461   8,900  11,278  13,524  11,466  14,303
Total Assets 248,581 299,058 333,304 386,655 416,574 508,595 603,032
Total Liabilities 215,431 261,215 289,778 338,971 355,553 430,157 513,778
Capital Adequacy
Ratio (CAR)
  18.6%   17.6%   16.7%   15.1%   16.2%   19.5%   19.4%
Non Performing Loan
(NPL)¹
   4.3%    3.6%    2.8%    2.2%    2.0%    2.7%    3.0%
Net Interest Margin
(NIM)
   6.0%    5.9%    6.2%    6.3%    6.4%    6.2%
Third Party Funds 194,375 231,296 257,661 291,890 313,893 370,420 435,545
Earnings per Share²    266    312    378    486    578    487
Cash Dividend per
Share²
  65,98   62,48  113,35  145,71  144,54  122,53  

in billion IDR rupiah unless otherwise stated
¹ gross
² in IDR rupiah
Source: Bank Negara Indonesia, Annual Report 2016

Future Projection Financial Performance Bank Negara Indonesia (BNI):

     2014    2015   2016F   2017F   2018F
Net Interest Income
 22,376  25,560  28,244  32,097  36,400
Pre-Provision Profit
 16,697  18,458  21,502  24,541  28,480
Net Profit
 10,783   9,067  10,114  12,835  16,658
P/BV (x)
    1.8     1.4     1.2     1.1     1.0
P/E Ratio (x)
    9.5    11.3    10.1     8.0     6.1

in billion IDR rupiah, except stated otherwise
Source: Maybank Kim Eng Securities (10/01/2017)

Location

Contact Details

BNI Building, 24th Floor
Jalan Jenderal Sudirman Kav. 1,
Jakarta - 10220
Phone: +62 21 251 1946
Fax: +62 21 251 1214
Email: tribuana.tunggadewi@bni.co.id
www.bni.co.id