Seeking Security

BNI’s intention to take over Bahana has long been in the works. A letter of intent was sent to the Minister of State-Owned Enterprises a month ago. The biggest constraint is only in the payment method.

March 30, 2011

AFTER three years in the drawers of the board of directors, plans by PT Bank BNI to acquire a company that is in line with its business has not reached public ears. It’s now hotly rumored that the state-owned bank will soon take over control of Bahana Securities, currently suffering from a lack of ‘blood.’

Several sources in the state bank whispered that in the past the intent to acquire surfaced because the new board of directors wanted

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