JAKARTA -- Indonesia's state-controlled lender Bank Negara Indonesia (BNI) plans to establish a venture capital arm with a corpus of between 600 billion rupiah ($42.9 million) and 700 billion rupiah ($50 million), an executive said on Tuesday.
"We will execute the plan in the second half of this year," BNI finance director Anggoro Eko Cahyo told reporters at a press conference in Jakarta.
