REPUBLIKA.CO.ID, JAKARTA - The regional bank in West Java and Banten provinces, Bank Jabar-Banten (BJB), studies the plan to expand its wings to South Africa. BJB plans to open the door for trade finance in the country.

President Director of Bank BJB, Bien Subiantoro, said the expansion was a response to an offer from the National African Federated Chamber of Commerce and Industry (NAFCOC). The South African organization invited BJB to build a branch in South Africa to bridge business between West Java and South Africa. 

"They said they would prepare the bank to be acquired," Subiantoro said on Tuesday.

BJB admits that it is interested with NAFCOC's offer. South Africa is considered having economic potency, with its per capita income is 11,000 USD. South Africa is also developing country with high economic growth.

South Africa offered three banks to be acquired. A bank concentrates on consumer business while the other two focus on commercial business.

For a year, BJB has conducted trade finance with South Africa. Several trade commodities from South Africa that enter Indonesia are electrical cable and textile. 

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