The History Haga Bank
Hagabank started operating in Jakarta on December 20, 1989, based on the decree of the Indonesian Finance Minister No. 1346/KMK-01311989. Since then Hagabank operated and grew at a progressive yet steady phase, reflecting the prudent banking philosophy held dearly by the bank. On October 29, 1992, Hagabank received its Foreign Exchange License by the Decree of the Indonesian Central Bank Directors No. 25/82/Kep/Dir. The foreign exchange license enables Hagabank to engage in foreign exchange transactions and international banking activities, and to offer fee-based income products especially in export and import services.
Established as a commercial bank, Hagabank concentrates on small to middle markets. Realizing that small and middle-markets hold a vital position in the Indonesian economic structure, it is imperative that Hagabank focuses on these sectors. To anticipate the enormous growth potential of the small and middle market businesses, Hagabank strives to extend and diversify the products and services to cater to the corporate sectors.
From the beginning, professionalism has been laid out as the basic foundation of Hagabank's management. Clear separation of ownership and management gives Hagabank a competitive edge to succeed. The result has been a gratifying growth on business volume and earnings at an average of 40% since the initial establishment. With Hagabank's vision of being a reputable bank in mind, we will strive to deliver sustained profitable growth for the benefit of all stakeholders.
As per January 10, 2007, Hagabank has officially become a member of Rabobank Group from Netherlands. Rabobank is a “AAA” bank rated by Standard & Poor's, Moody's and Fitch. Rabobank is also recognized as the top three safest bank in the world by Global Finance with Tier I Equity ranked No. 15 in the world. For details please visit www.rabobank.co.id.
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