BNI ready to expand business to East Europe

Jakarta (ANTARA News) - PT Bank Negara Indonesia (BNI) is ready to expand its business to East Europe in cooperation with Eximbanka SR which is headquartered in the Republic of Slovakia.

"This cooperation is very strategic considering that the trade balance between Indonesia and Slovakia continues to increase every year. This a big potential for both sides to carry out transactions and cooperation in the economic field," BNI President Director Gatot M Suwondo said after signing of a Memorandum of Understanding (MoU) on the cooperation with the Eximbaka SR representative here on Tuesday.

The MoU between BNI President Director Gatot M Suwondo and Eximbanka SR General Director Mario Schrenkel, witnessed by Coordinating Minister for Economic Affairs Hatta Rajasa.

Gatot said that the cooperation between BNI and Eximbaka SR covered various aspects such as co-financing, co-insurance, reinsurance of export credit risk, assistance in the management of non-performing loan, exchange of information in goods and service trade.

"The cooperation between Eximbanka SR and BNI provides an opportunity to expand its business to Eastern Europe, in Slovakia in particular. This also gives a chance to BNI customers to expand their business to the Western European market and the United States," he said.(*)