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In 1949, the NIEM changed its name to Escomptobank, but remained headquartered in Jakarta.In 1958, however, its operations in Indonesia were nationalized, [2] and became part of Bank Dagang Negara [], which in 1999 merged with there other state-owned banks, Bank Bumi Daya [], Bank Ekspor Impor Indonesia [], and Bank Pembangunan Indonesia [], to form Bank Mandiri.
The former logo of Bank Mandiri, used until January 2008. The second logo of Bank Mandiri, used from January 2008 until October 2016. Since October 2016, the "ribbon" logo goes flat. Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998.
[citation needed] In 1999, the newly founded Bank Mandiri became majority shareholder of the bank, and was converted to sharia banking in 1999 as Bank Syariah Mandiri. BNI Syariah: The bank was founded on 29 April 2000 as a sharia banking unit of BNI. In 2010, it spun-off as a separate subsidiary. BRIsyariah: The bank was originally established ...
Banking reform continued throughout 1999, with the merger of four state banks in July 1999 into Bank Mandiri, the closure of 38 banks, recapitalisation of nine, and takeover of seven more in March 1999. By this point, the total bank capital had reached a negative 245 trillion rupiah.
Lists of corporate mergers and acquisitions include both takeovers and mergers of corporations. Most are organized by the main company involved in the transactions. Most are organized by the main company involved in the transactions.
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
PT Bank CIMB Niaga Tbk is Indonesia's sixth largest bank by assets, established in 1955. CIMB Niaga, which is majority-owned by CIMB Group , is the largest payment bank in terms of transaction value under the Indonesian Central Securities Depository.
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)