28 Feb '13, 2pm

BRI to open its branch in Singapore

BRI to open its branch in Singapore

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.

Full article: http://en.republika.co.id/berita/en/jakarta-region-others...

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