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Bank Internasional Indonesia (BII) a member of the Maybank Group, today officially launched its first branch in Mumbai, extending the Group’s regional commercial banking platform further into South Asia.
BII is headquartered in Indonesia whilst Malaysian-listed Maybank is South East Asia’s fourth largest bank by assets. BII Mumbai which has a capital base of $28 million, opened for business in July and currently has a staff strength of 18.
The branch aims to tap into the growing trade and investment flows between India and Asean, supporting both the Group’s Asean customers into India as well as building local businesses around their Indian counterparties and partners.
