Bank Bali enters Shanghai

Bank Bali enters Shanghai

JAKARTA (JP): Bank Bali opened a representative office in
Shanghai, China yesterday as part of its overseas expansion
program.

The opening of the new representative office made Bank Bali,
which is listed on the Jakarta Stock Exchange (JSX), the first
Indonesian bank to operate in the city.

The bank said yesterday that the representative office was
officially opened by chief commissioner Sukanta Tanudjaja and the
Indonesian economic councilor in China, Haswandi S. Effendi.

Bank Bali has opened branches and representative offices in
Los Angeles, the Cayman Islands and Singapore.

Bank Bali also operates in Hong Kong through its subsidiary
Bali International Finance.

Bank Bali's president Rudy Ramli said Bank Bali, which has 265
branches and 320 automated teller machine (ATMs), would further
focus its services on retail banking. (aly)