BNI posts trade finance transactions worth $19 bln last year

Manado, N Sulawesi (ANTARA News) - State-owned Bank Negara Indonesia (BNI) posted trade finance transactions worth US$19.83 billion last year, 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.

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

"In the midst of tight competition among banks in Indonesia, BNI last year managed to regain the award it received in 2010, namely the Best Trade Finance Bank in Indonesia 2011 award," 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. (*)