As the first bank owned by the Government of Indonesia, PT Bank Negara Indonesia (Persero) Tbk, established in 1946 began its history by serving as the central bank as stipulated in Government Regulation in Lieu of Law No. 2/1946. In 1955, when the Indonesian government established Bank Indonesia as the Central Bank, BNI began operations as a commercial bank. Furthermore, the role of BNI as a bank that was mandated to improve the people’s economy and participate in national development was confirmed by Law No. 17 Year 1968 on Bank Negara Indonesia 1946.
PT. Timah as a Limited Liability Company Timah was established on August 2nd, 1976. It is a State-Owned Enterprise engaged in tin mining and has been listed on Indonesia Stock Exchange since 1995.
The company’s scope of activity includes mining, industry, trading, transportation and services. The company’s main activity is as the holding company that performs tin mining operations and marketing services to their business groups. The company has several subsidiaries engaged in the workshop and shipbuilding, engineering services, tin mining, tin consulting and tin research services, as well as non-tin mining.