Updated:
PT Bank Negara Indonesia (Persero) Tbk/ADR
PT Bank Negara Indonesia (BNI) was established in 1946 as Indonesia's first state bank, tasked with financing the nation's economic development.
PT Bank Negara Indonesia (Persero) Tbk/ADR
PT Bank Negara Indonesia (BNI) was established in 1946 as Indonesia's first state bank, tasked with financing the nation's economic development. Royke Tumilaar has served as President Director since 2020, overseeing a broad commercial and corporate banking operation. BNI's strategy centers on corporate lending to state-owned enterprises, plus commercial banking for mid-market and retail clients. The bank also operates a sizable treasury and global services division, with a geographic footprint across all 34 Indonesian provinces and representative offices in Singapore, Hong Kong, Tokyo, London, and New York. Asset classes include corporate loans, government bonds, and trade finance instruments. The ADR (American Depositary Receipt) represents a portion of the bank's shares traded on the NYSE under the symbol BNI. BNI reported total assets of approximately IDR 1,000 trillion (around USD $65 billion) as of 2023 (annual report). The bank employs over 26,000 people across its domestic and international network. In 2024, BNI launched a digital transformation initiative focused on expanding its mobile banking platform (per the firm's 2024 annual report). Adjacent vehicles include a foundation arm, BNI Foundation, focused on education and community development. BNI's structural distinction lies in its dual role as a state-owned commercial bank and a development-finance instrument — a hybrid mandate that distinguishes it from purely private Indonesian banks. The Indonesian government holds a majority stake, aligning BNI's strategy with national infrastructure and industrialization priorities.
General information
Firm type
other
Year founded
1946
AUM
Undisclosed
Location
Region
Asia
Country
Indonesia
City
Jakarta
Corporate office
Jakarta, Indonesia
Principals
Royke Tumilaar
President Director (per BNI corporate profile)
Novita Widya Anggraini
Finance Director (per public filings)
Sector focus
Frequently asked questions
Who runs investment decisions at PT Bank Negara Indonesia?
The President Director, currently Royke Tumilaar (since 2020), oversees all strategic and investment decisions, supported by a Board of Directors and a Board of Commissioners. The bank is majority-owned by the Indonesian government.
What is the ADR ticker and how does it function?
BNI trades on the NYSE under the symbol BNI as a Level 1 American Depositary Receipt. Each ADR represents a specific number of underlying shares traded on the Indonesia Stock Exchange, offering international investors exposure without direct local-market access.
Is BNI structured as a single-family office?
No. BNI is a state-owned commercial bank with a corporate banking focus. It is not a family office, though its ADR may be held by family offices seeking emerging-market exposure.
What investment stages does BNI typically target?
BNI operates as a commercial bank, not an investment firm. Its lending spans corporate and commercial sectors, with a focus on state-owned enterprises, infrastructure, and trade finance.
What is BNI's known posture on co-investments alongside external GPs?
BNI does not publicly report co-investment activities. As a bank, it may participate in syndicated loans or project finance alongside other lenders, but this is distinct from traditional co-investment partnerships.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: