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PT Bank Rakyat Indonesia (Persero) Tbk (lit. "Indonesian People's Bank"), commonly known as Bank BRI or just BRI, is one of the largest banks in Indonesia. [4] It specialises in small scale and microfinance [5] style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts.
Previous ALTO logo used until 3 October 2015. In 2007, ALTO expanded its business to money transfer operations. In 2009, ALTO developed Mobile Air Time Top Up for all telecommunication providers in Indonesia.
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 on 3 July 1969 as Bank Djasa Arta (later spelled Bank Jasa Arta) and headquartered in Bandung, West Java. On 19 December 2007, the bank was acquired by BRI.
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.
In 1997, Bank NISP entered a joint venture with OCBC Indonesia, with the opening of PT Bank OCBC-NISP, with an initial paid-up capital of 150 billion rupiah. [6] Since then, OCBC has been buying shares from shareholders within the bank and also from President Director and CEO, Parwati Surjaudaja, who sold 22.5% of her shares to OCBC in 2004. [7]
Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore. [10] In 1965, it became a single-tier bank (even Bank Indonesia was absorbed); BNI was the bank that granted the first foreign bank licenses during the transition to the New Order, shortly before the reestablishment of Bank Indonesia that same year.
Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. During the amalgamation and reorganisation, the government reduced the number of branches by 194 ...
Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals. [6] The bank underwent a corporate restructure in 2003, which was followed by an initial public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. [7]