Kamis 28 Feb 2013 21:39 WIB

BRI to open its branch in Singapore

Rep: Mutia Ramadhani/Satya Festiani/ Red: Yeyen Rostiyani
A state owned bank, Bank Rakyat Indonesia (BRI), will open its branch in Singapore. (illustration)
Foto: Antara/HO-Suwondo
A state owned bank, Bank Rakyat Indonesia (BRI), will open its branch in Singapore. (illustration)

REPUBLIKA.CO.ID, JAKARTA - Indonesian state-owned bank, Bank Rakyat Indonesia (BRI), plans to open its branch in Singapore. The bank will submit for the permit this year.

"The concept is a full branch, trade finance and remittance," Director of Finance of BRI, Ahmad Baiquni, said on Thursday.

With the opening of a branch in Singapore, BRI is expected to become the national payment agent in 2015-2016. Baiquni said BRI would still focus on serving middle-low companies through market penetration and expansion this year. The bank will also build 4,000 units of ATM and 600 branch offices.

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