BRANCH BANKING | Staff Reporter, Indonesia

Bank Internasional Indonesia opens in India

Mumbai branch to exploit new business opportunities.

Bank Internasional Indonesia President Dato Khairussaleh Ramli said BII Mumbai is in line with the Group's mission in humanizing financial services across Asia.

BII is one of the top ten largest banks in Indonesia and is 97.3% owned by Malayan Banking Berhad (Maybank), Malaysian largest financial group.

BII Mumbai will enhance both BII and Maybank Group’s presence beyond the ASEAN region.

BII Mumbai will provide a host of trade, foreign exchange and related banking products and services to Indian companies with business interests in the ASEAN region and vice versa. It will also cater to Maybank Group’s customers and their counterparts for their banking requirements in India.

By September, BII hopes to focus on corporate and commercial banking segment by arranging buyers' credit and external commercial borrowings for the Indian customers.

BII has 415 branches, including an international presence in Mauritius and now Mumbai.

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