TRADE FINANCE | Cesar Tordesillas, Indonesia

BNI posts $19B worth of trade finance transactions in 2011

Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier.


"With trade finance transactions reaching US$19.83 billion, BNI held a 21 percent share of the banking industry`s export-import transactions in Indonesia," Emil Ermindra, BNI CEO for Manado, said on Tuesday.

he performance put the bank in the first place among Indonesian banks in terms of non-oil/non-gas export-import transactions, he said.

He said the success was inseparable from various supporting factors, including wide networks. The bank now has 1,479 outlets, five overseas branches, 197 document gathering posts and more than 1,466 correspondent banks.

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