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Today's Headlines Bank Credit

  • Profile of Bank Negara Indonesia (BNI): Indonesia's Fourth-Largest Bank

    Bank Negara Indonesia is the fourth-largest bank of Indonesia in terms of assets, lending and third party funds. The bank provides financial services which are supported by its subsidiaries in shariah banking (Bank BNI Syariah), financing (BNI Multi Finance), the capital market (BNI Securities), and insurance (BNI Life Insurance). 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.

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  • Indonesia's Manufacturing Growth of 2013 is Revised Down to 6.5 Percent

    About a week ago, Indonesia's highly optimistic minister of Industry, MS Hidayat, stated that Indonesia's non oil & gas manufacturing sector would grow around 9 percent in 2013. Now, however, the minister has felt the need to revise this figure down to 6.5 percent after meeting several other ministers. Issues that will limit growth of the manufacturing sector are higher minimum wages, the planned rise in subsidized fuel prices, and the lack of support through bank credits.

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