Global Business Guide Indonesia

Joint Ventures | Business Services
BNI Syariah

PT BNI Syariah was established in 2000 as a shariah unit of Bank Negara Indonesia (BNI), one of Indonesia’s largest banks, and subsequently spun off to form a commercial bank in 2010 that remains a subsidiary of BNI. Since inception, the bank has gone from strength to strength with overall growth of 32% in 2012 and reaching a milestone of 11 trillion RP in assets having become a recognised brand within Indonesia’s rapidly growing Islamic banking sector.

The BNI Syariah vision of being the shariah bank of choice for Indonesia is underpinned by the core values of Amanah and Jamaah, meaning trustworthiness and collective effort respectively which together create the bank’s distinctive corporate culture that attracts the best industry talent.

BNI Syariah stands as a modern, forward thinking bank committed to developing a sustainable shariah banking system in Indonesia through utilising financial expertise to develop products that respond to the needs of the market and serve growing segments of the economy. The bank’s fresh approach to formulating new products and marketing as well as promotional campaigns have proved instrumental in raising awareness of Islamic banking products in Indonesia. An extensive branch network, customer focused service culture, use of the latest technology in mobile banking and a competitive product portfolio have therefore enabled the bank to effectively penetrate the individual, consumer and corporate markets.

Moving forward, the bank will continue to expand its product offerings and reach within the Indonesian market; particularly within the micro lending segment, trade financing and consumer products such as mortgages. The bank is therefore well placed to form strategic alliances with international Islamic banks and shariah financial institutions looking to enter Indonesia’s highly promising Islamic banking sector.

BNI Syariah
BNI Syariah

Key Information

Date of Establishment: 2000

Number of Employees: 3,228

Total Assets: 10.64 trillion RP

Asset Growth 2011-12: 25%

CAR: 25%

National Network

Global Reach

BNI is among Indonesia’s few banks which have international branches and the only bank to have five branches in total located in Singapore, Hong Kong, Tokyo, New York and London. The global presence of BNI Syariah’s parent company places the bank in a unique position to soon offer international shariah compliant remittances to customers through BNI’s existing branches.

The bank is also open to forging alliances with Islamic financial institutions located in the Middle East, South East Asia and key financial centres in Europe for cooperation on product development as well as sharing technical expertise for mutual benefit given Indonesia’s unique position as the world’s largest Muslim majority country.

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Global Reach

National Network

BNI Syariah enjoys extensive reach across Indonesia through a network of 49 branches, 89 support offices, 5 cash offices, 22 mobile banking service units, 11 micro branch offices and 38 micro support offices located in key commercial centres throughout the country. The bank’s focus on shariah compliant micro lending as well as community banking will see further growth in these types of branches in secondary and third tier cities in the near future.

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