BANK NEGARA INDONESIA

Founded on July 5, 1946, PT Bank Negara Indonesia (Persero) Tbk., (BNI) is the first state-owned bank established after Indonesia’s independence. During the struggle for Indonesia’s independence, BNI had once served as both the central bank and a commercial bank, as stipulated in Government Regulation in Lieu of Law No. 2/1946, before transitioning to a strictly commercial bank in 1955. Oeang Republic of Indonesia or ORI, which was the first legal tender issued by the Government of Indonesi... a on October 30, 1946, was printed and circulated by BNI. Following the appointment of De Javasche Bank – a legacy of the Dutch Government – as central bank in 1949, the Government limited BNI’s role as a central bank. BNI was subsequently converted to a development bank, and in 1950 was granted the right to operate as a foreign-exchange bank with direct access to international transactions.More