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Bank Pembangunan Indonesia (Bapindo), state-owned since establishment; Bank Rakyat Indonesia was known as 1845: "Purwokertoan Assistance and Savings Bank for Native Aristocrats" (Dutch: De Purwokertosche Hulp- en Spaarbank der Inlandsche Hoofden). 1934-42: "General Public Credit Bank" (Dutch: Algemene Volkskredietbank),
Bank Rakyat Indonesia (BRI) 16 December 1895 Bank Tabungan Negara (BTN) 16 October 1897 [2] Subsidiaries of state-owned banks Bank Mandiri Taspen: 23 February 1970 Bank Mandiri: Non-foreign exchange bank Bank Mayora: 25 February 1993 Bank Negara Indonesia: Foreign exchange bank Bank Raya Indonesia: 27 September 1989 Bank Rakyat Indonesia
The first Republican government-controlled bank, the Indonesian State Bank (Bank Negara Indonesia, BNI) was founded on 5 July 1946. It initially acted as the manufacturer and distributor of ORI (Oeang Republik Indonesia/Money of the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. [45]
Bank Negara Indonesia (lit. 'State Bank of Indonesia', formerly Bank Negara Indonesia 1946, lit. 'State Bank of Indonesia of 1946') is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, Amsterdam, London and New York.
Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [ 4 ] For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation's national bank and is in charge in issuing Indonesian rupiah currency.
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]
In July 2018, Indonesia's Financial Services Authority (OJK) approved MUFG's plan to purchase a further 20.1% stake from Asia Financial. [3] In April 2019, MUFG announced the merger of Danamon and Bank Nusantara Parahyangan (BNP). The merger resulted in MUFG becoming the majority shareholders with 94.1% stake of Bank Danamon. [4]
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 ...