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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 ...
Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.
PT. Bank Pundi Indonesia, Tbk (“Bank Pundi”), was established on 11 September 1992 in Jakarta under the name of PT. Executive International Bank (“Bank Eksekutif”) based on the deed approved by the Minister of Justice with No. C2-9246-HT.01.01 in 1992 and published in the state gazette of the Republic of Indonesia no. 103 dated December 26, 1992, Supplement No. 6651.
The definition of what constitutes a regional bank is not precise, although the Federal Reserve describes it as an organization "with total assets between $10 billion and $100 billion". [ 5 ] The term is often used in the United States where regional banks are more common and within stock trading, when referring to investing in different bank ...
PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara (lit. ' Regional Development Bank of East Kalimantan and North Kalimantan ' ), doing business as Bankaltimtara , is an Indonesian regional development bank serving East Kalimantan and North Kalimantan .
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 ...
A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners.It is an enterprise under government control. [1] Prominent among current public banking models are the Bank of North Dakota, the Sparkassen-Finanzgruppe in Germany, and many nations' postal bank systems.
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.