Bank Bali enters Singapore

Bank Bali enters Singapore

JAKARTA (JP): Publicly listed Bank Bali has opened a
representative office in Singapore as part of its expansion
program.

Bank Bali vice commissioner Sukanta Tanudjaja said the opening
of the branch early this week would facilitate trade and
financial activities between Indonesia and Singapore.

The bank has 200 branches in Indonesia and has offices in Los
Angeles and the Caymand Islands. In Hong Kong, the bank operates
through its subsidiary Bali International Finance.

Bank Bali president Rudy Ramly said the bank would concentrate
more on retail banking over the next few years.

"We will also cooperate with foreign partners, such as the
United Overseas Bank (Singapore), Sanwa Bank (Japan), Prudential
Corporation (UK), and Korean Development Leasing Corporation (S.
Korea) to strengthen the foreign networks," Rudy said.

He said the bank had links with 450 banks in about 100
countries. (02)