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BRANCH BANKING | Tony Chua, Australia
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National Australia Bank plans to launch Jakarta office

The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.

The representative office, expected to open later this year in Jakarta, will support existing institutional, corporate and business banking customers operating in or trading with Indonesia. It will also provide a link for Indonesian and other Asia region clients looking to expand or invest in Australia, New Zealand, the United Kingdom or United States, particularly in the energy, education and agribusiness sectors.

National Australia Bank’s Asia CEO Rob Wright said the office is a strategic step in providing greater support for clients doing business in Asia.

“We are very excited at the prospect of being on-the-ground in Jakarta to facilitate even greater economic, trade and investment flows between Indonesia, Australia and New Zealand, in support of our clients.

“It will leverage National Australia Bank’s expertise in fields of particular relevance to Indonesia, specifically trade, education, energy, and agribusiness,” said Mr Wright.

View the full story in International Business Times.

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