BNI (BBNI) Raises Rp 11.9 Trillion from AT1 Bonds, Oversubscribed up to 3.6 Times

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) issued Additional Tier-1 (AT1) instruments valued at 700 million US dollars, equivalent to Rp 11.9 trillion, maturing in April 2026.

BNI President Director Putrama Wahju Setyawan stated that this corporate action aims to strengthen the capital structure while opening opportunities for more sustainable business expansion.

“This capital strengthening further enhances BNI’s capacity to anticipate potential risks while opening avenues for sustainable and healthy business expansion in the future,” he said in a written statement on Wednesday (29/4/2026).

Setyawan revealed that the AT1 issuance experienced excess demand (oversubscription) of up to 3.6 times the issuance value.

The demand also reached more than 2.5 billion US dollars.

“This AT1 issuance reflects the high confidence of global investors,” Setyawan added.

This security has also been listed on the Singapore Exchange (SGX) as part of the company’s capital structure optimisation strategy.

In line with this capital strengthening strategy, BNI is also implementing a business transformation through the Branch, Region, Area, Value, Empowerment (BRAVE) initiative.

This programme focuses on strengthening the role of the network down to the branch and sub-branch levels as the frontline for selling banking products and services.

The BRAVE transformation began to be implemented gradually from the fourth quarter of 2025, with the aim of enhancing network capabilities and driving higher-quality and sustainable credit growth as well as low-cost funds (CASA).

This initiative is also directed towards expanding market share and increasing productivity across more than 1,700 BNI branches throughout Indonesia.

Approximately six months since implementation, the programme is beginning to show results.

BNI has recorded business growth exceeding the industry average, both in terms of credit disbursement and third-party fund mobilisation.

This capital strengthening and business transformation are expected to maintain BNI’s solid performance while reinforcing its intermediary role in supporting national economic growth.