PT Bank Negara Indonesia Tbk (Persero) or BNI has relocated its New York Overseas Office after 42 years occupying the old building at One Exchange Plaza, 5th Floor, 55 Broadway, New York, NY 10006.
The BNI Overseas Office (KLN), which will start operating effectively on January 21, 2025, is located at One Liberty Plaza, Floor 27, 1 Liberty St., New York, NY 10006.
BNI's Director of Wholesale and International Banking, Agung Prabowo, revealed that the relocation of the New York Representative Office aligns with the company's efforts to enhance comprehensive banking services worldwide, particularly in the Americas and Canada. BNI is the first Indonesian-owned bank to be there.
"In strengthening our role as a global bank, this relocation is necessary to serve our customers better. After operating since 1983 in the old office, it is time for us to relocate BNI New York with a more modern concept," said Agung in a press release.
Agung explained that the new office is equipped with the latest technology and infrastructure that supports optimal operations, including four meeting rooms with digital facilities that ensure connectivity to global clients. In addition, there is an increased number of working spaces with a more modern work environment, a more strategic location connected to the World Trade Center (WTC) area and its transportation network, which can enhance employee productivity.
BNI New York serves various banking activities, including providing credit in the form of investment loans and working capital to corporate and commercial businesses through syndication or bilateral means.
In addition, BNI has developed the Diaspora Loan product to support the financing needs of Indonesian diaspora customers in the US. In supporting the development of diaspora businesses, BNI provides loan facilities with flexible requirements, competitive interest rates, and international transaction support through nine overseas offices spread across the globe.
Currently, BNI New York has a total financing of more than USD 800 million through participation schemes in syndicated loans and the distribution of financing to various Indonesian diasporas spread across the US and Canada.
Other banking activities include treasury business, domestic and international money transfers for corporate and individual customers.
BNI New York also serves as a Correspondent Depository, which involves opening vostro accounts for Correspondent Banks in Indonesia in USD for the distribution of foreign exchange transactions, both commercial payments and bank-to-bank payments.
On the other hand, BNI New York also made history as the first and only Indonesian bank in the US to issue a Global Certificate of Deposit worth USD 1 billion in 2020 and USD 1.5 billion in 2022. This product provides liquidity guarantees to support business development or financing expansion for global clients.
"This is evidence of the institution's commitment and stability in serving customers and facing the dynamics of the international financial market," concluded Agung.