BNI to Enter the Digital Bank Through Mini Bank Acquisition
Using the current momentum of digital acceleration due to pandemic by targeting SME segment
Another top tier bank is to enter the digital business by acquireing a mini bank. Rumor has it, PT Bank Negara Indonesia Tbk (IDX: BBNI) is to acquire Bank Mayora, a BUKU II bank with less than IDR 2 trillion core capital.
On CNBC, BNI's President Director, Royke Tumilaar has confirmed the company's plan to acquire a bank. He said the company had finalized the initial process, but the bank name is still undisclosed.
"We have reached an initial agreement for a bank acquisition with a strong business ecosystem to be transformed into a digital bank," Royke said at a press conference.
He said, the digital bank is to target the MSME segment and collaborate with experienced strategic partners to develop financial technology. Royke said that technology plays an important role in digital bank management, and capable to drive more efficient operational costs than conventional banks.
In general note, Bank Mayora is a retail and consumer bank that offers a variety of financial products, ranging from loans and deposits. Some of the loan products offered include Vehicle Loans (KKB), Multi-Use Loans (KMG), and Home Ownership Loans (KPR).
Meanwhile, BNI engaged in the consumer and business segments, both through savings, deposit and credit products. The bank with a "46" logo has a strong association as a widely used banking product by students/universities.
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