Bank Rakyat Indonesia (BRI) New York Agency

Bank · New York, NY, United States

About Bank Rakyat Indonesia (BRI) New York Agency

Bank Rakyat Indonesia, commonly known as BRI, maintains a long-running agency office in New York City's Financial District at 140 Broadway, on the 36th floor. According to BRI's own official overseas unit listing, the New York operation received its agency license from the New York State Banking Department on April 8, 1988, giving it close to four decades of continuous presence in the city. BRI itself is considerably older: it was founded on December 16, 1895, in Purwokerto, Central Java, during the Dutch colonial period, making it the oldest bank operating in Indonesia today. The bank went through several name changes over its history, including a period as Algemene Volkscredietbank in 1934 and as a so-called People's Bank under Japanese occupation, before being nationalized after Indonesian independence and reorganized as a limited company under its present name in 1992. Roughly 30 percent of its shares were sold to the public in a 2003 initial public offering, though it remains majority state-owned, with the Indonesian government holding its stake through Danantara Asset Management and a state enterprise regulatory body. BRI is best known within Indonesia for small-scale lending and microfinance, serving tens of millions of retail customers through a network of more than 8,600 branches, units, and rural service posts, and as of 2022 ranked as the second largest bank in the country by assets. The New York agency itself serves a different function from this domestic retail network, offering commercial banking products aimed at businesses and institutions, including corporate, consumer, and syndicated loans, trade finance, treasury services, and wire transfers, according to the bank's own description of the office. It can be reached by phone at +1 212 379 3840. This listing fills a gap in the directory's coverage of Indonesian state banks in the United States, which previously included only BNI's New York branch; BRI and BNI operate as separate, competing state-owned banks, so the two New York offices are not duplicates of each other despite serving an overlapping clientele of Indonesian businesses and expatriates in the city.

Address

Contact

• Phone: +1 212 379 3840
• Website: https://www.brinya.com

Category

Indonesian Bank in United States

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