OCBC Indonesia

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PT Bank OCBC NISP Tbk
OCBC Indonesia
Formerly
  • NV Nederlandsch Indische Spaar En Deposito Bank (1941–1981)
  • Bank NISP (1981–2008)
  • OCBC NISP (2008–2023)
Company type Public
IDX:  NISP
Industry Financial services
Founded Bandung, Indonesia (1941;83 years ago (1941))
FoundersLiem Khe Tjie,
Karmaka Surjaudaja (Kwee Tjie Hoei)
HeadquartersOCBC NISP Tower, South Jakarta, Indonesia
Area served
Indonesia
Key people
Parwati Surjaudaja, President Director and CEO [1]
Products Consumer banking
corporate banking
Retail banking
Rp10.6 Triliun (2022)
Rp3.3 Triliun (2022)
Total assets Rp238.5 trilliun (2022)
Total equity Rp34.2 trilliun (2022)
Owner OCBC Bank (85.1%)
Number of employees
5,819 (2022) Increase2.svg
Website www.ocbc.id
OCBC NISP branch in Bandung OCBC NISP building in Jl. Asia Afrika, Bandung.jpg
OCBC NISP branch in Bandung

PT Bank OCBC NISP Tbk (formerly Bank NISP), trading as OCBC Indonesia, is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned by Singaporean banking and financial group, OCBC Bank, which holds 85.1% of shares. OCBC is an Indonesia's 8th largest bank by assets and has 337 branches and offices and 780 ATMs located across the country. [2] [3]

Contents

History

Established in 1941, the bank was founded as NV Nederlandsch Indische Spaar en Deposito Bank ("Netherlands Indies Savings and Deposito Bank") in Bandung, then Dutch East Indies. The bank was one of the largest savings bank at the time of establishment and in 1967, it became a commercial bank providing corporate banking services as well. [4] In 1981, the bank was then renamed to PT Bank Nilai Inti Sari Penyimpan (Bank NISP). It was among the first banks in Indonesia selected to channel government subsidized credits, to participate in government saving programs, and to issue bank guarantees for government projects. In 1972, Bank NISP entered into a joint agreement with Daiwa Perdania Bank, a joint venture between Daiwa Bank of Japan and Indonesian partners. Bank NISP later became a shareholder of Daiwa Perdania Bank. The bank subsequently became a licensed foreign exchange bank in 1990, and a publicly listed bank on the Indonesian Stock Exchange in 1994. [5]

1997 to 2008: Joint venture and acquisition by OCBC

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] By 2008, OCBC Bank had become the main shareholder in Bank NISP and the bank was renamed Bank OCBC NISP. [8]

2010 to present: Merger with OCBC Indonesia

OCBC NISP logo used until November 14, 2023 OCBC NISP logo.svg
OCBC NISP logo used until November 14, 2023

In 2011, OCBC NISP merged with OCBC Indonesia, where OCBC Indonesia was dissolved without going through liquidation. The combined entity would operate under the name of Bank OCBC NISP, and a total of Rp 47.6 trillion in combined assets after the merger. [9]

Marking the start of an exciting new banking journey, Bank OCBC NISP unveiled "OCBC" as a new brand name and logo, effective November 14, 2023.

PT Bank OCBC NISP Tbk (“OCBC Indonesia”) on November 16, 2023 entered into a Sale and Purchase Agreement (“SPA”) with Commonwealth Bank of Australia (“CBA”) to acquire 99.0% of the shares in PT Bank Commonwealth (“PTBC”) from CBA (the “Proposed Acquisition”). OCBC Indonesia also intends to acquire the remaining 1.00% shares of PTBC from the other shareholders. The proposed acquisition is subject to regulatory approvals from Financial Services Authority of Indonesia (Otoritas Jasa Keuangan), Annual General Meeting of Shareholders (AGMS) and satisfaction of certain other conditions. Following completion of the acquisition, PTBC will be integrated into OCBC Indonesia.

Banking services

[10]

Individual Customers

Business Customers

Treasury

Sharia Banking

Management structure

Board of Commissioners

Board of directors

Sharia Supervisory Board

See also

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References

  1. "Stock Quotes & Company News | Reuters.com". Reuters. Retrieved November 15, 2015.
  2. "OCBC NISP bond sales oversubscribed". The Jakarta Post. February 11, 2015. Retrieved November 15, 2015.
  3. "PT Bank OCBC NISP Tbk - Frontliner, Marketing Program OCBC NISP September 2015". Jobscdc. Retrieved November 15, 2015.
  4. "NISP Bank II". IFC.
  5. "BANK OCBC NISP TBK". List of Companies. Retrieved November 15, 2015.
  6. "OCBC opening Indon joint venture bank". The Business Times, 5 April 1997, Page 14. Retrieved November 15, 2015.
  7. "Family banking, Indonesian-style". Institutional Investor. April 12, 2004.
  8. "Local banks looking to Indonesia for growth". AsiaOne. June 22, 2009. Archived from the original on November 17, 2015. Retrieved November 15, 2015.
  9. "OCBC NISP, OCBC Indonesia merger approved". The Jakarta Post. November 10, 2010. Retrieved November 15, 2015.
  10. "OCBC NISP - Personal Banking".