OCBC Indonesia
 | |
| Company type | Public company |
|---|---|
| IDX: NISP | |
| Industry | Financial services |
| Founded | Bandung, Indonesia (1941) |
| Founders | Liem Khe Tjie, Karmaka Surjaudaja (Kwee Tjie Hoei) |
| Headquarters | OCBC NISP Tower, South Jakarta, Indonesia |
Area served | Indonesia |
Key people | Parwati Surjaudaja, President Director and CEO [1] |
| Products | Consumer banking corporate banking |
| Rp2,383 Triliun (Q1 2020) | |
| Rp3,1 Triliun (Q1 2020) | |
| Total assets | Rp191,5 trilliun (Q1 2020) |
| Parent | OCBC Bank |
| Website | www.ocbcnisp.com |
Bank OCBC NISP (formerly Bank NISP) (IDX: NISP) 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 NISP is Indonesia's 8th largest bank by assets and has 337 branches and offices and 780 ATMs located across the country.[2][3]
History
Established in 1941, the bank was founded as NV Nederlandsch Indische Spaar En Deposito Bank in Bandung, Indonesia. 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
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]
Banking services[10]
Individual Customers
- Saving
- Consumer credit
- Credit card
- Bancassurrance
- Mutual funds
- Premier Service
- Private banking services
- Trust service
- Electronic banking services
Business Customers
- Cash management
- Productive financing
- Trade finance
- Trust services
- Electronic banking services
Treasury
- Foreign exchange and derivatives
- Debt securities
- Interest rate derivatives
- Structured product
Sharia Banking
- Sharia funding
- Sharia retail financing
- Sharia productive financing
- Sharia Bancassurance
Management structure
Board of Commissioners
- President Commissioner : Pramukti Surjaudaja
- Commissioner : Samuel Nag Tsien
- Commissioner : Lai Teck Poh
- Independent Commissioner : Jusuf Halim
- Independent Commissioner : Kwan Chiew Choi
- Independent Commissioner : Hardi Juganda
- Independent Commissioner : Betti S. Alisjahbana
- Independent Commissioner : Rama P. Kusumaputra
Board of Directors
- President Director : Parwati Surjaudaja
- Director : Emilya Tjahjadi
- Director : Hartati
- Director : Martin Widjaja
- Director : Andrae Krishnawan W.
- Director : Johannes Husin
- Director : Low Seh Kiat
- Director : Joseph Chan Fook Onn
- Director : Lili S. Budiana *)
- Director : Ka Jit *)
*) effective after obtaining OJK approval
Sharia Supervisory Board
- Chairperson : Muhammad Anwar Ibrahim
- Member : Mohammad Bagus Teguh Perwira
See also
References
- ^ "Stock Quotes & Company News | Reuters.com". Reuters. Retrieved November 15, 2015.
- ^ "OCBC NISP bond sales oversubscribed". The Jakarta Post. February 11, 2015. Retrieved November 15, 2015.
- ^ "PT Bank OCBC NISP Tbk - Frontliner, Marketing Program OCBC NISP September 2015". Jobscdc. Retrieved November 15, 2015.
- ^ "NISP Bank II". IFC.
- ^ "BANK OCBC NISP TBK". List of Companies. Retrieved November 15, 2015.
- ^ "OCBC opening Indon joint venture bank". The Business Times, 5 April 1997, Page 14. Retrieved November 15, 2015.
- ^ "Family banking, Indonesian-style". Institutional Investor. April 12, 2004.
- ^ "Local banks looking to Indonesia for growth". AsiaOne. June 22, 2009. Archived from the original on November 17, 2015. Retrieved November 15, 2015.
- ^ "OCBC NISP, OCBC Indonesia merger approved". The Jakarta Post. November 10, 2010. Retrieved November 15, 2015.
- ^ "OCBC NISP - Personal Banking".
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