This is a list of major banks in Indonesia . There are 120 commercial banks in Indonesia (4 state owned banks and 117 private banks). Two of the state owned banks have Islamic banking units. Of the 26 government regional banks, 15 have Islamic banking units, while of 86 private national banks, 7 have Islamic banking unit, and there are five Islamic commercial banks. [1]
As of 2024:
Name of bank | Founded | Majority owner | Notes |
---|---|---|---|
Main state-owned banks | |||
Bank Mandiri | 2 October 1998 | Government of Indonesia | Foreign exchange bank |
Bank Negara Indonesia (BNI) | 5 July 1946 | ||
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 | |
Regional-owned banks are formally instituted as Bank Pembangunan Daerah (Regional Development Bank, abbreviated as BPD).
Name of Bank | Founded | Majority Owner | Notes |
---|---|---|---|
Bank BPD Bali | 5 July 1962 | Bali Government | Foreign exchange bank |
Bank BPD DIY | 15 December 1961 | Special Region of Yogyakarta Government | Non-foreign exchange bank |
Bank Banten | 11 September 1992 | PT Banten Global Development (Banten Government) | |
Bank Bengkulu | 9 August 1969 | Bengkulu Government | |
Bank BJB | 20 May 1961 | West Java Government | Foreign exchange bank |
Bank DKI | 11 April 1961 | Special Capital Region of Jakarta Government | |
Bank Jambi | 12 February 1959 | Jambi Government | Non-foreign exchange bank |
Bank Jateng | 13 March 1963 | Central Java Government | Foreign exchange bank |
Bank Jatim | 17 August 1961 | East Java Government | |
Bank Kalbar | 28 November 1963 | West Kalimantan Government | Non-foreign exchange bank |
Bank Kalsel | 25 March 1964 | South Kalimantan Government | |
Bank Kalteng | 28 October 1961 | Central Kalimantan Government | |
Bankaltimtara | 14 October 1965 | East Kalimantan and North Kalimantan Government | Foreign exchange bank |
Bank Lampung | 1 August 1964 | Lampung Government | Non-foreign exchange bank |
Bank Maluku Malut | 25 October 1961 | Maluku and North Maluku Government | |
Bank Nagari | 12 March 1962 | West Sumatra Government | Foreign exchange bank |
Bank NTT | 17 July 1962 | East Nusa Tenggara Government | Non-foreign exchange bank |
Bank Papua | 13 April 1966 | Papua and West Papua Government | |
BRK Syariah | 15 August 1961 | Riau dan Riau Islands Government | Foreign exchange bank |
Bank Sulselbar | 13 January 1961 | South Sulawesi and West Sulawesi Government | |
Bank Sulteng | 1 April 1969 | Central Sulawesi Government | Non-foreign exchange bank |
Bank Sultra | 2 March 1968 | Southeast Sulawesi Government | |
Bank BSG | 17 March 1961 | Gorontalo and North Sulawesi Government | |
Bank Sumsel Babel | 6 November 1957 | South Sumatra and Bangka-Belitung Government | Foreign exchange bank |
Bank Sumut | 4 November 1961 | North Sumatra Government | |
Name of Bank | Incorporated in Indonesia |
---|---|
Bank of America | 25 June 1968 |
Bank of China | 13 January 2003 |
Deutsche Bank | 18 March 1969 |
JPMorgan Chase | 17 June 1968 |
MUFG Bank | 24 August 1968 |
Standard Chartered | 1 October 1968 |
Name of Bank | Founded | Majority Owner | Notes |
---|---|---|---|
Bank Syariah Indonesia | 1 February 2021 | Government of Indonesia | Foreign exchange bank |
Regional sharia banks | |||
Bank Aceh Syariah | 7 September 1957 | Aceh Government | Non-foreign exchange bank |
Bank BJB Syariah | 15 January 2010 | West Java Government | |
Bank NTB Syariah | 5 July 1964 | West Nusa Tenggara Government | |
Bank BNI Syariah and Bank Syariah Mandiri will be merged with Bank BRISyariah as the surviving brand named Bank Syariah Indonesia. [16] [17]
Name of Bank | Founded | Majority Owner | Notes |
---|---|---|---|
Bank Mega Syariah | 14 July 1990 | Bank Mega | Foreign exchange bank |
Bank Aladin Syariah | 14 September 1994 [18] | NTI Global Indonesia | |
Bank BCA Syariah | 21 May 1991 | Bank Central Asia | Non-foreign exchange bank |
Bank Muamalat Indonesia | 1 November 1991 | Islamic Development Bank | Foreign exchange bank |
Panin Dubai Syariah Bank | 8 January 1972 [12] | Panin Bank, Dubai Islamic Bank | |
Bank KB Bukopin Syariah | 24 December 1971 | Bank KB Bukopin | Non-foreign exchange bank |
Bank BTPN Syariah | 7 March 1991 | Bank BTPN | |
Bank Victoria Syariah | 15 April 1966 | Bank Victoria Internasional | |
Name | Founded | ||
---|---|---|---|
Regional-owned banks | |||
Bank BPD DIY Syariah | 19 February 2007 | ||
Bank DKI Syariah | 8 March 2004 | ||
Bank Jambi Syariah | December 2011 [19] | ||
Bank Jateng Syariah | 26 April 2008 | ||
Bank Jatim Syariah | 21 August 2007 | ||
Bank Kalbar Syariah | 12 December 2005 | ||
Bank Kalsel Syariah | 13 August 2004 | ||
Bankaltimtara Syariah | 27 December 2006 | ||
Bank Nagari Syariah | 28 September 2006 | ||
Bank Riau Kepri Syariah | 1 October 2002 | ||
Bank Sulselbar Syariah | 28 April 2007 | ||
Bank Sumsel Babel Syariah | 2 January 2006 | ||
Bank Sumut Syariah | 4 November 2004 | ||
Private banks | |||
Bank CIMB Niaga Syariah | 27 September 2004 [20] | ||
Bank Danamon Syariah | 14 May 2002 [21] | ||
Bank OCBC NISP Syariah | 12 October 2009 [22] | ||
Bank Permata Syariah | 10 November 2004 [23] | ||
Bank Sinarmas Syariah | 18 November 2009 | ||
Australia
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Germany
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Japan
Netherlands
Singapore
Switzerland
Taiwan
United States
PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of 2022, were 1.992 Trillion rupiah. As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets.
Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of January 2024, the Indonesia Stock Exchange had 903 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$881 billion as of 19 September 2024.
ATM Bersama is an interbank network in Indonesia, connecting the ATM networks of twenty-one banks. It was established 1993 and is based on the model adopted by MegaLink, an interbank network in the Philippines.
Bank Negara Indonesia, is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 2,047 branches and more than 63 million customers in 2021. It is listed on the Indonesia Stock Exchange as "BBNI".
Betti Alisjahbana is an Indonesian business executive who has held senior positions with companies such as IBM and Garuda Indonesia, and has advised the government on business technology.
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Financial Services Authority is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in Jakarta.
PT Bank Tabungan Negara (Persero) Tbk, lit. "National (State) Savings Bank", abbreviated and trading as BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.
Ar-Raniry State Islamic University Banda Aceh (Bahasa Indonesia: Universitas Islam Negeri Ar-Raniry Banda Aceh or it is simply called UIN Ar-Raniry, is a public Islamic university in Banda Aceh, Aceh Province, Indonesia. The University is run under the auspices of the Ministry of Religious Affairs of the Republic of Indonesia.
Gading Serpong is a planned township, 21 km west of Jakarta at Kelapa Dua and Pagedangan, Tangerang Regency of Banten province in Indonesia.
In Indonesia, state-owned enterprises 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, and source of government revenue. The Ministry of State Owned Enterprises represents the government's function as a shareholder of most of those companies, while some are represented by the Ministry of Finance.
The Jakarta Light Rapid Transit or Jakarta LRT is one of the light rapid transit systems in Jakarta, the capital city of Indonesia. It is conceived and built by the Jakarta provincial government. The first phase of the LRT, from Velodrome to Pegangsaan Dua, began commercial operations on 1 December 2019.
OVO, officially a product of PT Visionet International, is a digital payment service based in Jakarta, Indonesia. It was established in 2017 with an e-money license from Bank Indonesia, and in 2019 was Indonesia's top digital payment service. Owned by Grab and local investors, in 2019, OVO became Indonesia's first finance-tech business unicorn.
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Bank Syariah Indonesia is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks.
PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara, doing business as Bankaltimtara, is an Indonesian regional development bank serving East Kalimantan and North Kalimantan. It was previously known as Bank Kaltim or East Kalimantan Bank until 2017 when the company was renamed after new North Kalimantan province was created. It is also one of the biggest compared to other province's regional development banks in Indonesia.
Regional Development Banks 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 for the general provincial population. It was first established on 25 March 1960 and regulated under Law Number 13 of 1962 and Law Number 16 of 1999 Decree from the Ministry of Home Affairs. According to the law, the shares of Regional Development Banks are divided into two; priority shares and regular shares. Priority shares ownership must be on the hand of provincial governments, while regular shares can be owned by second-level administrative governments under the respective provinces and individuals. The director of these banks are appointed directly by the governor of the respective provinces and hold the office for 4 years. Provincial governors also have the ability to remove directors from the office for several reasons such as incompetency and corruption, with recommendation from local provincial parliaments. If there is more than one director, the law also states that they are not allowed to be closely related and should not occupy other governmental positions unless recommended. As of 2021, there are 26 regional development banks according to the Financial Services Authority. Not all provinces currently have their own bank, especially newly established provinces such as North Kalimantan and the Bangka Belitung Islands, which both still share ownership of various bank companies with their respective parent provinces.