information banking from indonesian

The History Haga Bank

2008-12-12T00:43:00.001+07:00

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.

Indo Monex Bank

2008-09-22T23:24:00.003+07:00

Bank IndoMonex was incorporated under the name PT Bank Pasar Gunung Tampomas Jaya based on a notarial deed dated 24 October 1970. In 1990, the Bank changed its name to PT Bank Indo Monex (BIM)and commenced operations as a commercial bank since 1 May 1990.

The Bank obtained a license to operate as a money changer from Bank Indonesia by a letter dated 22 September 1993. The Bank is not registered to deal in the foreign exchange market. BIM to approach Bank Indonesia for Devisa license shortly. The Bank has 4 branch offices and 3 sub branch offices.
In Dec 14th 2006, State Bank of India (SBI) has acquired 76 % share capital of the Bank and took Management control. State Bank of India is a largest Bank in India and is considered to be a proxy for the Indian Economy. SBI is a Fortune 500 company with Investment Grade Rating from Moody’s and S&P.
The present shareholding pattern of the bank is as under:
- State Bank of India 76 %
- PT. Ravindo Jaya 24 %
- At present BIM is providing plain vanilla deposit and advances products to its customers. All the Branches are networked and operated under the core banking platform on Alphabits System provided by M/s.Sigma which is quick, safe and effective.
- Quality and excellent service to all individual clients and corporation remain to be our focus in serving entire society and client. BIM’s employees are motivated to strive for customer delight and are dedicated to provide excellent quality service to Individual as well as Corporate clients.

link Bank IndoMonex

BANK NIAGA

2008-09-20T12:51:00.001+07:00

Established on 26 September 1955, Bank Niaga is currently the seventh largest bank in Indonesia in terms of assets. Bank Niaga has the second-largest position in mortgage lending, currently commanding around 10% market share. The majority of the Bank's equity had been held by Bumiputra-Commerce Holdings Berhad (BCHB) since 25 November 2002 and on 16 August 2007 was transferred to CIMB Group Sdn Bhd, a wholly owned subsidiary of BCHB. As the first local bank to introduce ATM services in 1987 and also on-line banking system in 1991, Bank Niaga is well regarded as one of the most innovative banks in Indonesia.

Over the years, Bank Niaga has been well regarded for its track record in customer service excellence. Through the extensive branch offices and ATM network, as well as wide range of sophisticated electronic channels, Bank Niaga offers a highly personalised banking experience to its customers. In 2006, Bank Niaga was awarded "The Most Consistent Bank in Service Excellence" by the Marketing Research Indonesia (MRI).

On the early 2008, Bank Niaga launches its new Vision: "To be Indonesia's Premier Universal Bank". The "universal bank" means integrally providing all banking products and services.

link bank niaga

PT Bank Muamalat Indonesia

2008-09-01T19:24:00.001+07:00

PT Bank Muamalat Indonesia Tbk was established in 1991, endorsed by the Indonesian Council of Ulemas (MUI) and the Government of Indonesia, and commenced operations in May 1992. Supported by the Indonesian Association of Moslem Intellectuals (ICMI) and a group of Moslem entrepreneurs, the founding of Bank Muamalat also won the support of the general public, evidenced by a Rp 84 billion pledge for the purchase of the Bank’s shares on the date when the Articles of Association was signed. Thereafter, in a special meeting commemorating the founding at the Presidential Palace in Bogor, West Java, additional pledges from communities in West Java were raised to reach a total of Rp 106 billion.

On October 27, 1994, barely two years from its founding, Bank Muamalat received its license to operate as a Foreign Exchange Bank. This recognition strengthened the Bank’s position as the fi rst and leading sharia (Islamic) bank in Indonesia with a growing array of products and services.

In the late 90s, Indonesia was hit by a fi nancial crisis which devastated most of the national economies in the Southeast Asia region. The national banking sector collapsed under the burden of corporate debt overhang, which also impacted Bank Muamalat. In 1998, our Non-Performing Financing (NPF) ratio exceeded 60%. The Bank endured a loss of Rp 105 billion, which brought our equity to its lowest level ever of Rp 39.3 billion, less than a third of our original paid up capital.

In an effort to strengthen its capital base, Bank Muamalat solicited for a potential investor, which was responded positively by the Islamic Development Bank (IDB) based in Jeddah, Saudi Arabia. In the Annual General Meeting of Shareholders of Bank Muamalat on June 21, 1999, IDB offi cially became one of the shareholder of BMI. Thus, the period between 1999 and 2002 represents times of challenges as well as triumphs for Bank Muamalat. During this period, Bank Muamalat succeeded in reversing its fi nancial fortunes from loss back into profi tability. This is achieved through the dedicated hard work of the entire Muamalat Crew, supported by strong leadership, astute business strategy, and strict adherence to the principles of sharia in all aspects of its banking practice.

Through these diffi cult times, however, Bank Muamalat persevered and was triumphant. Starting with the appointment of a new management board which was composed exclusively by personnel promoted from within the Bank’s own ranks, Bank Muamalat proceeded to deploy a fi ve-year business plan which emphasizes on (i) non-reliance on further additional capital from shareholders, (ii) not resorting to a cutback from the existing personnel of the Bank, while also ensuring that any cost-effi ciency measures taken do not impinge on the rights of the Muamalat Crew, (iii) recovery of employee self-confi dence as the fi rst-year priority for the new Management of the Bank, (iv) second-year priority on building a new foundation of business growth through the strengthening of work discipline within Bank Muamalat, and (v) developing milestones in business achievements through the creation and pursuit of business opportunities in the third and succeeding years. With the Grace of Allah Rabbul Izzati, this plan ultimately brought Bank Muamalat to a new era of growth entering 2004 and onwards.

Up until year-end 2004, Bank Muamalat remained the leading sharia (Islamic) bank in the country with total assets of Rp 5.2 trillion, paid-up capital of Rp 269.7 billion and net profi t of Rp 48.4 billion for fi scal year 2004.

link Bank Muamalat

Bank Ekspor Indonesia

2008-09-01T19:19:00.002+07:00

Gedung Bursa Efek Jakarta
Menara II Lantai 8
Jl. Jend. Sudirman, Kav 52-53
Phone : (6221) 515 4638
Fax : (6221) 515 4639
Email : webmaster@bexi.co.id

Link

PT Bank Artha Graha Internasional Tbk. in Brief

2008-08-31T21:00:00.001+07:00

The Company originated from a Non-Bank Financial Institution with the name PT Inter-Pacific Financial Corporation, that was established on 7 September 1973, as a joint venture company among: PT Bank Rakyat Indonesia (PERSERO) – Jakarta, INDONESIA; Continental Bank S.A./NV. Brussels – BELGIUM; The Sanwa Bank Ltd. – Osaka, JAPAN and Credit Commercial De France S.A. – Paris, FRANCE. During the course, the Company changed the status and function to Joint Venture Bank on 24 February 1993, being active in commercial banking business, and named PT Inter-Pacific Bank.

Five years later, on 1 July 1998, the Bank changed the name to PT Bank Inter-Pacific Tbk.

On 23 December 2003, Bank Indonesia issued the permit to take over 99.11% shares of the Bank to the Consortium of PT Bank Artha Graha and PT Cerana Arthaputra.

On 14 April 2005 the Extraordinary Shareholders Meeting of PT Bank Inter-Pacific Tbk. agreed on the merger of PT Bank Artha Graha and PT Bank Inter-Pacific Tbk.

On 15 June 2005 Bank Indonesia approved the merger of PT Bank Artha Graha and PT Bank Inter-Pacific Tbk.

On 11 July 2005 the merger of Bank Artha Graha and PT Bank Inter-Pacific Tbk was effective, and on 14 July 2005 (under the decree of Minister of Law and Human Rights No. C-19621 HT.01.04.TH2005) the name was changed to PT Bank Artha Graha Internasional Tbk

link BAG

Commonwealth Bank

2008-08-25T23:18:00.001+07:00

Commonwealth Bank is a subsidiary of Commonwealth Bank of Australia (

CBA). Initially, the Commonwealth Bank of Australia established a presence in Indonesia by opening a Representative office in 1990.

In 1997, a new entity, PT BII Commonwealth was established to provide corporate banking services to Indonesian and other corporate entities.

In 2000, PT BII Commonwealth changed its name to become Commonwealth Bank, with the CBA as the majority shareholder.

In early 2007, the Commonwealth Bank offered to acquire a majority stake in Bank ANK (83%). With the acceptance of the offer by Bank ANK’s ownersand following the signing of the acquisition deed on July 26, 2007, preparations began for Bank ANK to be merged into the Commonwealth Bank.

The effective merger date was set for December 31, 2007. Effective from January 2, 2008, Bank ANK began operating as an integral part of the Commonwealth Bank.

Link Commonwealth Bank

Histrory Indonesia International Bank

2008-08-25T22:36:00.001+07:00

PT Bank Internasional Indonesia Tbk (BII) didirikan pada tanggal 15 Mei 1959 dan memperoleh status bank umum devisa pada tahun 1988 serta mencatatkan sahamnya di Bursa Efek Jakarta dan Bursa Efek Surabaya pada tahun 1989 melalui penawaran umum saham perdana (initial public offering). Sejak itu BII terus berkembang menjadi salah satu bank swasta nasional terkemuka di Indonesia dengan visi “Menjadi Bank Terbaik di Indonesia yang Menyediakan Layanan Nasabah dan Produk Inovatif Berkelas Dunia”.

Pada bulan Desember 2003, Konsorsium Sorak mengambil alih saham Bank sebesar 51%, melalui suatu proses penjualan kompetitif yang diselenggarakan oleh Badan Penyehatan Perbankan Nasional (BPPN). Anggota konsorsium Sorak terdiri dari Asia Financial Holdings Pte. Ltd, Kookmin Bank, ICB Financial Group Holdings Ltd dan Barclays Bank PLC.

BII adalah salah satu bank terbesar di Indonesia dengan jaringan internasional yang memiliki lebih dari 230 cabang dan 700 ATM di seluruh Indonesia serta tergabung dalam jaringan ATM ALTO dan CIRRUS. BII menyediakan serangkaian jasa keuangan melalui kantor cabang dan jaringan ATM, phonebanking dan internetbanking serta aktif di sektor UKM/Komersial, Konsumen dan Korporasi. BII menyediakan produk dan jasa untuk perusahaan berskala menengah dan komersial serta menyediakan kepada individu produk-produk kartu kredit, KPR, deposito, kredit otomotif, pinjaman dan layanan perbankan prioritas. Sedangkan layanan untuk nasabah korporasi adalah trade finance, cash management, pinjaman, kustodian dan foreign exchange.

Link BII

Governor Message

2008-08-21T23:44:00.001+07:00

The honorable Bank Indonesia website visitors,

Assalamu'alaikum Warahmatullahi Wabarakatuh,

We are delighted to be able to meet you in the cyber information world. We realized that with the current sophisticated technology one can easily obtain information from all over the world. Information becomes necessary for daily activities. Consequently, in order to provide accurate, comprehensive and timely information, Bank Indonesia has established a website that is accessible to the public over here and overseas since 1998.

Bank Indonesia web site has gained positive response from the public over here and overseas. With website technology, information dissemination, as a way of showing Bank Indonesia transparency and accountability, becomes more efficient and effective, as it is broadly accessible by simple and inexpensive implementation.

The public considers Bank Indonesia website as one of the most reliable sources of information about economy, monetary, banking and payment system. It is reflected in the positive feedback received by Bank Indonesia Public Relations. Of course, we appreciate it and we thank you for the critiques and advice, which are very helpful in improving Bank Indonesia website.

In line with the aspiration and expectation of the public, we continue developing the website, by improving the design with the latest innovation, new format, and enriched information. This new design will assist the public more in finding information. We therefore launch the new design of Bank Indonesia website. Hopefully, it can become one of the most reliable sources of economic information.

link Bank Central http://www.bi.go.id/web/en

Bank Bukopin In Brief

2008-08-08T00:18:00.002+07:00

Since its establishment on 10 July 1970, Bank Bukopin has been focusing on UMKMK (Micro, Small, Medium and Cooperative Business) segment, and keeps developing it self to enter the medium bank category in Indonesia from assets perspective. In line with the opportunity and capacity improvement in serving wider scope of people's needs, Bank Bukopin has expanded its business segment into commercial and consumer segments.

These three segments have become the pillar of Bank Bukopin's business, delivering either conventional or sharia' banking service, supported by optimum fund management system, advanced information technology, competent human capital, as well as good corporate governance best practices. This foundation has enabled Bank Bukopin to move forward and position itself as a credible bank. Bank Bukopin operation has been currently supported by more than 280 offices spreading in 22 provinces all over Indonesia under real time on-line connection. Bank Bukopin has also established micro-banking network namely Swamitra, with over 543 offices (outlets), as a realization of partnership program with cooperative unions and micro finance institutions.

With a stronger capital structure as a result of the Initial Public Offering (IPO) conducted on July 2006, Bank Bukopin has been continually developing its operational program by implementing the scale of priorities in accordance with is well-defined short-term strategy. Implementation of the strategy is aimed to the fulfillment of comprehensive banking services to the customers, through its national and international network connection, range of products, as well as quality service that meet the high level of standard.

All of these activities and programs execution has in turn resulted in building up the Bank Bukopin image as a trusted banking institution with firm, sound and efficient financial structure. The success of building the trust will eventually drive Bank Bukopin forward to continually grow and delivering a sustainable best result.

Link Bukopin Bank

Bank BTN

2008-08-08T00:08:00.002+07:00

Year 1897 is a blessed year for BTN, because at that moment pursuant to Koninklijk Besluit No. 27 in Indies Dutch founded by Postspaarbank which dimiciling in Batavia, what is nowadays recognized by the name of Jakarta.

Target of founding of Postspaarbank for example is to educate society so that fond ofing to save and at the same time introduce banking institute to wide of society. Up to year end 1931 Postspaarbank role in society fund gathering increasing. Up to year 1939, mustered a success fund to amount to Rp. 54 million. This attainment in line with policy of executed decentralization during the period.

Besides which is proper to be noted by between year 1928 up to year 1934 is opening of Postspaarbank office of branch in Makassar, Surabaya, Jakarta, and Field

In the year 1934 is also known as “accountancy machine era” and recognition of certificate “account current”.

When in the year 1940 Germany invade Netherland, happened intake of mass fund by all Postspaarbank client. Only in a few day counted Rp. 11 million paid to the order of all client. This matter do not take place to long.

Year 1941 trust of client arise again, and is same in the year succeed to be mustered by fund equal to Rp. 58,8 million.
Happened one a period of/to which can be named by A period of Between, because cannot be packed into Savings Bank Post history that is between March 1942-1946. Because year 1942 Japan take over authority Dutch colonial and Postspaarbank freezed. Government Japan found my Tyokin Me. Mission “ fond of to save” my Tyokin Me fail, because the mentioned felt as constraint by Indonesia people. In a period of this Jogyakarta branch opened.

Occupying of Japan in Indies Dutch do not take place llama. Indonesian nation later; then proclaim its independence. : my Tyokin Me” is taken over and its name is changed “ Office Saving Post ( KTP)”, which is initiative by Mr. Darmosoetanto, First Director of Office Saving Post.

Office Saving Post share big in workmanship of Japan money changing with “ Oeang Republic Of Indonesia ( ORI)”. In That Period Office Saving Post cannot work safely, because Dutch military action. Date of 19 December 1946 Office Saving Post and office of branchs its occupied by Dutch.

In June 1949 Government RI open at the same time change “ Office Saving Post” becoming “ Savings Bank Post RI”, with a view to set right work of KTP which have. This office work year-end samapai 1949. Hereinafter, government only confess Savings Bank RI post as saving institute which later;then its 1950 name year is changed to become Savings Bank Pos.

By fall downing Old Order nya, and berkuasa it New Order, Hence initiative forming of Single Bank returned as previously and readjusted healthierly.

After New Order succeed to readjust life of economics getting especial attention, hence preceded to born Fundamental UU nya of Banking No. 14 Year 1967 specified [by] UU No. 20 year 1968 hitting founding of Savings Bank State. In the Law, hence fundamental duty of BTN is instructed to economic repair of economic development and people of national by way of mustering fund from society, especially in the form of saving.

In the year 1974 Government specify policy of housing development for the society of middle downwards. To support to succeeding the policy it, BTN showed as place of defrayal of Credit Ownership of House ( KPR ).

In the year 1976 marked by history realize KPR first time in Semarang which later;then continue from year to year, reaching its top in the year 1982 / 1983.

Utilizing to defray the the KPR, BTN have to can conscript society fund. For that product diversification having the character of “ Operation Passiva” darus executed. Since year 1976 growth of BTN asset mount sharply from Rp. 11 Billion by the end of 1976 becoming Rp. 3,7 Trillion by the end of year 1991.

Since opening stand up year 1953 hitherto, had been more than 38 BTN year wrestle its area. its Operational network is widespread in all Indonesia. BTN have setled to welcome year national development 2000. Either in banking area specially, and also defrayal of housing. Cymbal BTN have also three fundamental target and socialize culture work the so-called Orderly Pentameter. New Era of BTN is also marked with recognition of logo newly.

Entering year 1992 happened elementary change in the form of Savings Bank State law. As rentetan from goning into effect of UU No. 7 year 1992 about Banking, Savings Bank State legal form turn into Company of Copartnership, or which more knowledgeable with the title PT Savings Bank State ( Persero), that is released of PP No. 24 year 1992 date of 29 April 1992. This transformation make PT Savings Bank State motion ( Persero) more (be) free to. If previously more emphasized as savings bank and as institute defrayal of housing, hence since its 1 August 1992 activity area is extended to become public bank.

Here in after as legal body which is in form of limited liability, made by Akte Founding of No. 136 date of 31 July 1992 before Muhani Salim, SH Notary in Jakarta according to Decree Of The Minister Of Legal Affairs Republic Of Indonesia No. C2-6587.Ht.01.01-Th.92 of 12 August 1992 which have been announced in Official Gazette RI No addition. 73 date of 11 September 1992 ( which is on its growth is later;then altered pursuant to Akte No. 25 date of 4 September 1998 about statement of decision of change stockholder Association Of PT Savings Bank State ( made by Persero) before Sutjipto, SH, Notary in Jakarta according to Decree Of The Minister Of Legal Affairs and Rights Basic Manusiari No. C-3568 HT.01.04.TH.2001 of 20 July 2001 which is announced in Addition Official Gazette Republic Of Indonesia No. 95 date of 27 November 2001, change deed section 26 Association of Copartnership of Number 97 date of 28 June 2002 which is made by before Fathiah Helmi, SH, Notary in Jakarta, last altered with Akte No. 97 date of 28 June 2002.

In the year 1994 passing Decree Board of directors Indonesia Bank No. 27/55/KEP/DIR date of 23 September 1994 PT. Savings Bank State ( Persero) can operate as Bank Foreign exchange.

Economic Crisis impact in the year 1997 which is economic meluluhlantakkan of Indonesia have made BTN management to rerun its business bow. BTN return at its its, that is with business defrayal of housing. This decision in the end assist Bank BTN success in course of rekapitalisasi.

With this rekapitalisasi of BTN management specify new paradigm as beneficial and notable bank in defrayal of housing. BTN have shown its ability in giving contribution defrayal of governmental to housing though stay in limited ability.

To continue to to support governmental program in housing area at the same time in order to strengthening Bank BTN financing structure, governmental through Minister BUMN by letter of No. S-554/M-Mbu/2002 of 21 August 2002 have decided Bank BTN as public bank with focus defrayal of housing without subsidy.

Nowadays Bank BTN have intended to become commercial bank with especial business of defrayal of housing and industry its its. BTN have also specified its business target as Bank Family Indonesia, serving requirement entire/all Indonesia family, from home for all requirement.

Link BTN

About ABN AMRO

2008-07-30T18:24:00.001+07:00

ABN AMRO was acquired by the consortium of Fortis, RBS and Santander in October 2007. The combination of consortium businesses with ABN AMRO will result in an enhanced market presence, strengthened products and growth prospects. This will deliver benefits to customers, who will gain from the increased scale and efficiency of the businesses.

Link AMRO Bank

Bank NISP

2008-07-02T14:42:00.000+07:00

Sixty-seven years ago - on April 4, 1941 to be precise -- Bank NISP was established in Bandung, West Java, under the name NV Nederlandsch Indische Spaar En Deposito Bank.

Bank NISP is the fourth oldest bank in Indonesia and initially operated as a savings bank. In 1967 the bank's status was changed to that of a commercial bank.

In 1972, Bank NISP entered into a financing and technical assistance agreement with Daiwa Bank of Japan through Bank Daiwa Perdania, which was the first joint venture bank in Indonesia. On 27 June 1974, Bank NISP became a shareholder in Bank Perdania, in which as of 31 March 2002 Bank NISP has 19.92% share. In March 2003, the Daiwa Bank, Limited, and the Asahi Bank, Limited, merged, and reorganized into Resona Bank, Limited, and Saitama Resona Bank, Limited, to establish "The Resona Holdings, Inc." In connection with the merger, the bank's name has been changed from PT Bank Daiwa Perdania to PT Bank Resona Perdania. However, the Extraordinary General Shareholders Meeting in 2005 has decided to sell Bank NISP's entire shareholding in PT Bank Resona. The sale of the 19.92% shareholding ( 567,777 shares ) was intended to maximize Bank NISP's earning assets structure by shifting the investment to the real sector.

Bank NISP's status was upgraded in 1990 when the bank became a foreign exchange bank. In line with this, confidence in Bank NISP from several international institutions continued to grow. EXIM Bank of Japan and Netherlands Development Finance Company (FMO) both used Bank NISP to channel their longterm soft loans to small- and medium-sized enterprises. In addition, Bank NISP also participated in USAID's loan guarantee portfolio program from the United States.

Bank NISP became a public bank on October 20, 1994, listing its shares on the Jakarta Stock Exchange. In 1995 and 1996, Bank NISP was awarded ISO 9002 certification for its Treasury and Financial Institutions division as well as its Head Office division. Bank NISP was the first bank in the Asean region to apply international quality standards. In January 2000, Bank NISP's ISO 9002 certification was upgraded to ISO 9001-1994 and there was a further upgrade to ISO 9001-2000 certification in 2001.

At the beginning of 1997, together with Singapore's third largest banks the Oversea-Chinese Banking Corporation (OCBC), Bank NISP established a joint venture bank called Bank OCBC-NISP. Following the acquisition of PT Bank Keppel TatLee Buana by PT Bank OCBC-NISP in February 2002, the name of PT Bank OCBC-NISP was changed to PT Bank OCBC Indonesia. In 2002, Bank NISP divested its share in the bank from 15% to 1.33%.

In the same year, Bank NISP became the first bank in Indonesia to receive longterm bilateral loans directly from the International Finance Corporation (IFC), a member of the World Bank Group. Then at the beginning of 2001, the IFC became a shareholder in Bank NISP, taking a 9.6% share through Rights Issue II and changing the loans that it had already provided into subordinated loans amounting to USD 5 million.

Following this, a second investment was made through rights issue III, totaling Rp 31.56 billion and USD 5 million through the execution of the compensation for the above loans, which was carried out in July 2002. By 2005 Bank NISP held its 4th rights issue which raised a total of Rp 601.5 billion. As of 30 September 2005, the IFC officially owns a 7.17% stake in Bank NISP.

The economic crisis that struck Indonesia in mid-1997 and rapidly deteriorated into a banking crisis forced the government to introduce a recapitalization program to rescue Indonesia's banking sector. Under this program, Bank Indonesia classified Bank NISP as an 'A' bank, indicating that the bank's capital structure was strong enough to exclude it from the bank recapitalization program, which was essentially aimed at strengthening capital.

In 1999, while the majority of Indonesian banks were involved in internal recovery activities, Bank NISP went ahead and launched a repackaged Home Ownership Loan product called 'KPR Merdeka' (Independence Home Ownership Loans). The unique feature of this product is the loan approval process, which takes only five working days as from when all data have been received. This product received a very warm welcome from members of the public who had anxiously been awaiting bank loans to help them pay for their homes in the midst of the economic crisis.

With the support of more than 5,300 employees, over 352 offices and 20,000 ATMs (including the "ATM Bersama" and ATM BCA network ) spread throughout Indonesia and also OCBC Bank's ATMs in Singapore, and BankCard in Malaysia Bank NISP continues to grow and develop without forgetting the importance of providing quality service to its customers.

In the international domain, trust to Bank NISP has become more concrete, OCBC Bank Singapore, one of the biggest banks in the Southeast Asia, came in as a shareholder of NISP since April 2004. With the 72.40% share ownership by the end of 2007, OCBC Bank is the biggest institutional shareholder of Bank NISP, which actively supports Bank NISP’s growth and development to be the world-class standard bank.

bank NISP : http://www.banknisp.com/

Society for Worldwide Interbank Financial Telecommunication (SWIFT) code Indonesian

2008-06-26T12:20:00.000+07:00

ABN AMRO Bank: ABNAIDJA
Hagabank: HAGAIDJA
Bank Artha Graha: ARTGIDJA
Bank Bumiputera Indonesia: BUMIIDJA
Bank Bumi Arta Indonesia: BBAIIDJA
Bank Buana Indonesia: BBIJIDJA
Bank Danamon: BDINIDJA
Bank Mandiri (not Bank Syariah Mandiri): BEIIIDJA
Bangkok Bank: BKKBIDJA
Bank Niaga: BNIAIDJA
Bank Negara Indonesia (BNI): BNINIDJA
Bank BNP Paribas Indonesia: BNPAIDJA
Bank Resona Perdania: BPIAIDJA
Bank Rakyat Indonesia (BRI): BRINIDJA
Bank Bukopin: BBUKIDJA
Bank Central Asia (BCA): CENAIDJA
Deutsche Bank AG: DEUTIDJA
Bank Mizuho Indonesia: MHCCIDJA
Hongkong and Shanghai Banking (HSBC): HSBCIDJA
Bank Internasional Indonesia (BII): IBBKIDJA
Bank Indonesia: INDOIDJA
Lippobank: LIPBIDJA
Bank NISP: NISPIDJA
Pan Indonesia Bank: PINBIDJA
Bank Rabobank International Indonesia: RABOIDJA
Bank UFJ Indonesia (formerly Bank Sanwa Indonesia): SAINIDJA
Bank Swadesi: SWBAIDJA
Bank Tabungan Negara (BTN): BTANIDJA
Bank UOB Indonesia: UOBBIDJA
Bank Permata: BBBAIDJA
Bank Maybank Indocorp: MBBEIDJA
Bank Chinatrust Indonesia: CTCBIDJA
Woori Bank Indonesia: HVBKIDJA
Bank Sumitomo Mitsui Indonesia: SUNIIDJA
Bank Finconesia: FINBIDJA
Bank OCBC Indonesia: OCBCIDJA
Bank Kesawan: AWANIDJA
Bank Commonwealth: BICNIDJA
Bank Ekonomi Raharja: EKONIDJA
Bank DBS Indonesia: DBSBIDJA
Bank CIC International (formerly Bank Century Intervest Corp): CICTIDJA
Bank Ekspor Indonesia: BEXIIDJA
Bank Mega: MEGAIDJA
Bank of China, Jakarta Branch: BKCHIDJA
Bank Syariah Mandiri (not Bank Mandiri): BSMDIDJA

Bank Tabungan Negara

2008-06-26T12:13:00.000+07:00

Bank Central Asia

2008-06-26T11:50:00.000+07:00

The First Five Decades

BCA was first founded on 21 February 1957 as Bank Central Asia NV. A lot of things have happened since then—the most significant of all being perhaps the Asian monetary crisis in 1997.

Although this crisis had a tremendous impact on Indonesia’s entire banking system, in particular it affected BCA’s cash flow and even threatened its survival. Panic rush forced the bank to seek assistance from the Indonesian government. The Indonesian Banking Restructuring Agency (IBRA) took over BCA in 1998.

Thanks to its management’s business sagacity and shrewd decision making, full recovery was accomplished later in the same year. In December of 1998, third-party funds were back at the pre-crisis level. BCA’s assets stood at Rp 67.93 trillion, as opposed to Rp 53.36 trillion in December 1997. Public confidence in BCA was fully restored, and BCA was released by IBRA to BI in 2000.

Subsequently, BCA took a major step by going public. The IPO took place in 2000, selling 22.55% of BCA’s shares that were being divested by IBRA. After the IPO, the agency still controlled 70.30% of BCA’s total shares. The second Public Offering took place in June and July of 2001, with IBRA divesting an additional 10% of its interest in BCA.

In 2002, IBRA divested 51% of its BCA shares through a strategic private placement tender. The Mauritius-based Farindo Investment, Ltd won the tender. Today, BCA continues to strengthen its tradition of good corporate governance, full compliance with regulations, sound risk management and the commitment to its customers both as a transactional bank and an institution for financial intermediation.

bank central asia : http://www.klikbca.com/

Bank Nasional Indonesia

2008-06-26T11:36:00.000+07:00

History

Initially referred to by its unabbreviated name of Bank Negara Indonesia when it was established in 1946, BNI is the first bank formed and owned by the Indonesian Government.

Historical records indicate that on of the eve of the 30th of October 1946, or merely a few months after its formal establishment, the Bank distributed the first currency bills ever issued by Indonesia’s Government popularly known at the time as ORI, or ‘Oeang Republik Indonesia’ (Currency of the Republic of Indonesia). In fact, this day is commemorated annually as the National Finance Day while the date of the Bank's establishment - the 5th of July - was designated as National Bank Day.

Bank Negara Indonesia's role as the circulation and central bank was duly terminated in 1949 following the government’s appointment of the former Dutch-controlled bank, De Javasche Bank, as Indonesia's Central Bank . The Bank, subsequently designated as a development bank, was later granted the rights to provide foreign reserve services that allowed it access to direct foreign transactions.

Enhanced by increased capitalization, the Bank's legal status was formally changed to that of a state-owned commercial Bank in 1995. This provided the Bank with the foundation to provide better and wider range of both access and services for the country's business sectors.

In its quest to competitively differentiate itself from its competitors, the Bank decided, towards the end of 1968, to attach its year of establishment to its corporate name to become Bank Negara Indonesia 1946. The Bank was therefore popularly referred to, for decades, as 'BNI 46'. The simpler name of 'Bank BNI' was adopted in 1988 along with the change of the corporate identity.

BNI’s legal status was upgraded in 1992 to that of a state-owned limited corporation under the name of PT Bank Negara Indonesia (Persero) and the bank decided to become a public company through its initial public offering of its shares in 1996.

BNI's ability to adapt to environmental, socio-cultural and technological advances is reflected through the continuous refinement of its corporate identity which is carried out to suit the changing demands and trends of the times. This adaptability signifies the Bank's dedication and commitment towards continuous improvement of its performance.

A refined corporate identity was introduced in 2004 that reflects the positive prospects for the future after a year of struggle characterized by a period of hardship. A shorter name of 'BNI' subsequently replaced the former 'Bank BNI', while the year of its establishment - '46' - was exposed through the logomark to reinforce the pride and distinction that the Bank had in being the country's first national bank.

In keeping with the spirit of the heroic national struggle that is rooted in its history, BNI strives to provide the best services for the country and to ultimately become the Pride of the Nation, today and always.

bank nasional indonesia : http://www.bni.co.id/

Bank Danamon

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PT Bank Danamon Indonesia Tbk was established in 1956 under the name of PT Bank Kopra Indonesia, in 1976, the Bank's name was changed to the present name, Bank Danamon Indonesia. The Bank became the first Indonesian private foreign exchange bank in 1976 and a publicly listed bank in 1989.

In 1977, as a result of the Asian financial crisis, Bank Danamon ran into liquidity insolvency and was placed under the supervision of the Indonesian Bank Restructuring Agency (IBRA) as a BTO (taken over) bank. In 1999, the government of Indonesia, thought IBRA, recapitalized the Bank with Rp 32 trillion of government bonds. Within the same year, another BTO bank was merger into Bank Danamon as part of the restructuring programme of IBRA.

In 2000, Bank Danamon took under its wings eight other BTO banks. As the surviving entity, Bank Danamon emerged from the merger as one of the pillar banks of Indonesia.

During the next three years, Bank Danamon underwent extensive restructuring involving management, people, organization, systems, core values and corporate identity. The efforts succeeded in laying down new foundations and infrastructure for the Bank to pursue growth based on transparency, responsibility, integrity and professionalism (TRIP).

In 2003, Bank Danamon was acquired by the Asia Finance Indonesia consortium which took a majority controlling stake in the Bank. With new management at the helm, and 180-day remapping of its business model and strategy, Bank Danamon continues to undergo a transformational change designed to mold it into a leading national bank and a key regional player.

bank danamon : http://www.danamon.co.id/

Bank Mandiri

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Corporate Profile

Bank Mandiri os Indonesia's largest bank in terms of assets, loans and deposits. Total assets as of March 31, 2002 were Rp 261,9 trillion, or around 24% of the assets in the banking system. With a net profit of Rp 1.17 trillion as of March 31, 2002 (an increase of 270% from same period 2001), Bank Mandiri is the most profitable bank in Indonesia. Bank Mandiri is also one of the best capitalized banks in Asia with a Capital Adequacy Ratio (CAR) of more than 27%, several times the 8% required by the Bank of International Settlements ( BIS). Through the efforts of its more that 17,500 employeess Bank Mandiri provides comprehensive financial service to more than 6 million corporate and individual customers as well as small and medium sized enterprises in Indonesia.

Established in October 1998, in the aftermath of the Asian financial crisis of 1997 and 1998, Bank Mandiri is a product of a merger of four state-owned banks: Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor and Bank Pembangunan Indonesia. In the depths of the crisis, at Government instigation, sixty-seven banks were closed, merged or acquired by other institutions. To restore bank balance sheets and public confidence, the Government implemented a radical restructuring and recapitalization program, directed by the Indonesian Bank Restructuring Agency (IBRA). Government priorities were to reduce overlap in the banking sector and to create much larger, stronger entities that could serve the needs of a modernizing economy.

Since its establishment, Bank Mandiri has successfully turned around its balance sheet, its profitability and its way of doing business to become the preferred bank in Indonesia. Non-performing loans (NPL's) were reduced from 71,29% at the end of 1999 to 9.5% as of 31 March 2002. NPL's are restructured according to a 19 step restructuring process, the most rigorous process among Indonesia banks. Following the merger, Bank Mandiri closed 194 branches and reduced its workforce from 26,600 to 17,620. Processes have been streamlined and operating expenses have declined. The cost-to-income ratio improved from 33.8% as of 31 March 2001 to 29.3% as of 31 March 2002.

One of Bank Mandiri's greatest achievements has been the complete renovation of its technology platform. Management inherited a total of nine different technology platform. Management inherited a total of ninte different technology platforms for the four legacy banks. After more that 38,000 man-hours of work, an investment of US$ 23 million for new equipment, Bank Mandiri now has a single technology platform creates a unified interface for customers increasing the efficiency of back office processing. The Bank is mid-way through its three-year US$ 200 million program to up-grade its technology platform, which will provide significantly improved products and services to its customers.

The corporate customer base of Bank Mandiri represents the core of the Indonesia economy and the export sector. It includes well-known international names such as Garuda Indonesia, Semen Gresik dan Pertamina. By sector, it is well diversified and is particularly active in the mining, retail, cement, power, oil and gas and aviation sectors. Credit approvals and monitoring are subject to a highly structured "four eyes" approval process, which separates credit decisions from marketing decisions. Bank Mandiri has been making significant progress in growing its small and medium enterprise (SME) customers. As of 31 March 2002, loans to retail customers (including SMEs) reached Rp 9.25 trillion, an increase of 16.8% from same period in 2001.

Bank Mandiri has also made significant progress in the retail segment. Total deposits reached Rp 187.6 trillion as of 31 March 2002, an increase of 5.8% from 31 March 2001. Bank Mandiri's credit card unit signed up more than 100,000 new customers in its first 10 months. The bank currently has a total of 642 branches. The Bank's distribution is further enhanced by its 1.184 ATM's, which is part of an 3,000 plus LINK network (network linking all state banks' ATM's).

From its founding Bank Mandiri has worked to create a strong, professional management team operating under internationally recognized stringent principles of corporate governance, control and compliance. The bank is supervised by a Board of Commissioners appointed by the Ministry of Finance from respected members of the financial community. The highest level of executive management is the Board of Directors, headed by a President Director. The Board of Director includes bankers drawn from the legacy banks as well as independent outside directors. Although Indonesian law requires directors to be Indonesian nationals, Bank Mandiri has recruited a number of non-Indonesia bankers occupying key positions, currently including its Chief Financial Officer. In addition, Bank Mandiri maintains independent Offices of Compliances, Audit and the Company Secretary and is under regular security from external auditors from Bank Indonesia, the Supreme Audit Agency, as well as international auditing firms.

bank mandiri : http://www.bankmandiri.co.id/