PT. Bank Rakyat Indonesia (Persero) Tbk, Singapore Branch
Bank · Singapore, Singapore
About PT. Bank Rakyat Indonesia (Persero) Tbk, Singapore Branch
PT. Bank Rakyat Indonesia (Persero) Tbk, Singapore Branch sits on the eighth floor of OUE Bayfront at 50 Collyer Quay, in the business district along Marina Bay. The branch opened on 29 July 2015, officiated by Coordinating Minister for Economic Affairs Sofyan Djalil and attended by the State-Owned Enterprises Minister at the time, Rini Soemarno, along with the chairman of Indonesia's financial services regulator OJK, Muliaman Hadad. At the opening, BRI pointed to Singapore's role as a trade finance hub, citing the city-state's trade finance volume of roughly US 43.2 billion dollars in 2012 and growth of about 21 percent over the preceding five years, as reasons for setting up a dedicated office rather than operating through correspondent banks alone.
The branch was established to expand BRI's footprint in Asia and strengthen its network beyond Indonesia, with planned activities spanning trade finance, remittance handling, offshore funding through deposits and interbank placements, and the issuance of instruments such as bankers' acceptances and medium-term notes. Singapore's Indonesian community, estimated at around 135,000 people around the time the branch opened, including a large population of migrant workers who regularly send money home, was cited by BRI as part of the rationale for a Singapore presence, since remittance flows between the two countries are substantial.
Unlike a representative office, a full branch such as this one can transact directly with customers and counterparties in Singapore rather than being limited to liaison work, though BRI's Singapore branch functions primarily as a wholesale and corporate banking office serving businesses and institutional clients rather than a retail counter for individual account holders. It can be reached on +65 6805 0686, with further information available through its dedicated site, bankbri.com.sg. The branch forms part of a wider BRI overseas network that includes offices in New York, Hong Kong, the Cayman Islands, Taipei, and Dili, reflecting the bank's broader strategy of following Indonesian trade and labour migration patterns into markets with significant diaspora or business ties.
Address
50 Collyer Quay, #08-06, OUE Bayfront, Singapore, SingaporeContact
- Phone: +65 6805 0686
- Website: http://bankbri.com.sg/
Category
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