PT Bank Negara Indonesia (Persero) Tbk or BNI ready to spend around Rp1, 5 trillion to strengthen the network of subsidiaries.
PT BNI Syariah and the acquisition of asset management company as a new subsidiary. (CNN Indonesia/Adhi Wicaksono)

The fund is divided into Rp1 trillion for additional capital of PT BNI Syariah and approximately Rp300-500 billion for acquisition of asset management company as a new subsidiary.

BNI Finance Director Rico Rizal Budidarmo said the capital injection to BNI Syariah will be given at the end of this year for the expansion of its subsidiary. Meanwhile, new acquisitions will be realized next year.

"The acquisition to invest in multifinance related to consumer," Rico said at Wisma BNI, Thursday (12/10).

Based on Bank Business Plan (RBB), BNI Syariah targets to disburse financing up to Rp23.7 trillion until the end of this year.

The target is at least 15.6 percent higher than last year's achievement of Rp20.5 trillion. As per August, BNI Syariah has disbursed financing up to Rp22.5 trillion.

As for the acquisition of asset management company, Rico is reluctant to explain his scheme. However, the options are taken over and then run the business, or merged with other subsidiaries.

In addition, he is also reluctant to divide the company which management assets will be acquired by the State-Owned Enterprises (BUMN).

"It can be different in developing this management asset, so this is what is already there," he added.

Currently, at least BNI has several subsidiaries, ranging from BNI Syariah, BNI Securities, BNI Life Insurance, BNI Multifinance, to BNI Remittance. If it increases again, the state-owned company will have six subsidiaries. (gir)

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