Jakarta, Wednesday (7/12/2022) -- PT Bank Negara Indonesia (Persero) Tbk. or BNI (stock code: BBNI) continues to improve the expansion of its overseas business performance. As a state-owned bank that has the mandate to work on the global market, BNI continues to expand and optimize the performance of global banking services while strengthening its international business.
Through the role of BNI's office in Tokyo, Japan, the company has succeeded in becoming an Appointed Cross Currency Dealer (ACCD) in Japan and seeks to continue to increase banking transactions between Indonesia and Japan.
It is hoped that this step will further strengthen economic cooperation between Indonesia and Japan through the convenience of banking services for customers both in Indonesia and Japan.
Bank Indonesia Tokyo Representative Office in collaboration with BNI Tokyo held a Business Forum on The Utilization of The Japan - Indonesia Local Currency Settlement Framework (LCSF) 2022 held in Tokyo, Japan on Friday (2/12/2022).
BNI played a role in facilitating the event by inviting 28 Japan Regional Bank (JRB) officials from all prefectures in Japan to attend in person or virtually. This is an effort to bridge business needs between Indonesia and Japan.
Also present on this occasion were Deputy Minister of Finance Suahasil Nazara, Senior Deputy Governor of Bank Indonesia Destry Damayanti, Indonesian Ambassador to Japan Heri Akhmadi, Head of Bank Indonesia Tokyo Representative Hilman Tisnawan and representatives of Japan Regional Bank (JRB).
BNI Corporate & International Banking Director Silvano Rumantir said, as an ACCD Bank, BNI Tokyo can serve remittance or transfer transactions using local currency from Japan Yen (JPY) to Indonesian Rupiah (Rp) directly without the process of converting currency to US dollars first.
BNI Tokyo has been appointed as ACCD Bank by Bank Indonesia and the Japanese Ministry of Finance (JMOF) along with 4 (four) other Japanese banks. In the future, BNI hopes that this step can reduce dependence on the US dollar.
"Of course, we hope that this support is expected to be a catalyst for the ease of settlement of trade transactions between the two countries using local currencies," he said.
Silvano added that Local Currency Settlement (LCS) is very useful to mitigate the risk of exchange rate fluctuations that Japanese companies may experience when doing business in Indonesia.
In connection with these conditions, BNI through BNI Tokyo continues to provide full support to Japanese SMEs to develop their business in Indonesia. Moreover, BNI is one of the largest state-owned banks in Indonesia which has thousands of branches in the country and six branches abroad.
Silvano said BNI has also provided various banking products and services to serve individual and institutional customers such as deposits, cash management, loans, and others. BNI products and services are trusted to support Japanese clients by providing useful, informative and reliable financial services related to Indonesia.
"By using banking services from BNI as a whole, not limited to BNI Tokyo, Japanese investors can experience various benefits in their financial transactions in Indonesia. We sincerely hope that customers can take advantage of our complete services," he concluded. (*)