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In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth , providing goods or services which are not covered by private company , employment provider, providing support guidance to small and medium businesses ...
Name of Bank Founded Majority Owner Notes Bank Aladin Syariah: 16 September 1994 [15] Aladin Global Ventures Foreign exchange bank Bank BCA Syariah: 21 May 1991 Bank Central Asia: Non-foreign exchange bank Bank BTPN Syariah: 7 March 1991 Bank SMBC Indonesia KB Bank Syariah: 24 December 1971 KB Bank Bank Mega Syariah: 14 July 1990 Bank Mega ...
PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is the largest private bank in Indonesia with assets amounting to Rp 5.529,83 trillion (USD 308,5 billion) as of 2022. [ 2 ]
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 ]
Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore. [9] 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 Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia . [ 1 ]
Regional Development Banks (Indonesian: Bank Pembangunan Daerah, or BPD) are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the province that private banks would not risk giving, as well as giving basic financial services ...