Bank OCBC NISP (previously known as Bank NISP) or further mentioned
as “Bank” is the fourth oldest bank in Indonesia, established on April
4, 1941 in Bandung under the name of NV Nederlandsch Indische Spaar En
Deposito Bank. The existence of Bank OCBC NISP in Indonesia’s banking industry for
more than 78 years is associated with the role of Karmaka Surjaudaja and
Lelarati Lukman.
Karmaka Surjaudaja commenced to manage Bank as Director of Operational in 1963. Despite the Indonesia’s tempestuous economic condition at that time, the Bank has managed to grow and was able to overcome several crisis such as ‘sanering’ in 1965.
Karmaka Surjaudaja commenced to manage Bank as Director of Operational in 1963. Despite the Indonesia’s tempestuous economic condition at that time, the Bank has managed to grow and was able to overcome several crisis such as ‘sanering’ in 1965.
This success story has led the appointment of Karmaka Surjaudaja as
the President Director from 1971 to 1997 and the President Commissioner
in 1997 to 2008.
The success of Karmaka Surjaudaja was inspired by his wife, Lelarati
Lukman, who has faithfully supported in managing the Bank. She served as
a Commissioner from 1982 to 2011.
For more than 40 years of their remarkable dedication and sacrifice,
Karmaka Surjaudaja and Lelarati Lukman were awarded the title of
Chairman Emeritus and Commissioner Emeritus as well as Senior Advisor of
Bank OCBC NISP in 2008. Since 2015, they were commended as Founding
Chairman and Founding Chairwoman.Although they are no longer holding the structural positions, but the
foundation, values and culture which they had implemented has remained
in the hearts of the entire family of the Bank.
Since its establishment, the Bank has been upholding prudence
principle and focusing on serving the Small and Medium Enterprises
(SME). In 1967, the Bank raised their status of operation from saving
bank into commercial bank. The raising status was supported by the success of the company to
keep growing amid the unprecedented economic and political conditions at
that time. In line with that achievement, the Bank has raised its
status to a foreign exchange bank in 1990.
In order to anticipate the market’s wider transparency and competition, as well as to strengthen the capital structure, the Bank listed its shares on Indonesian Stock Exchange (formerly Jakarta Stock Exchange) in 1994. The action rendered the Bank as a public company. The Bank’s Articles of Association were also amended several times, of which the latest was Deed No. 33 Dated April 9, 2015, made before Fathiah Helmi, SH, a Notary in Jakarta. The deed was recorded by the Directorate General of General Law Administration – Ministry of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.03-0929451 dated May 5, 2015 which has been registered in the Company Register No. AHU-3500716.AH.01.11. of 2015 dated May 5, 2015.
In order to anticipate the market’s wider transparency and competition, as well as to strengthen the capital structure, the Bank listed its shares on Indonesian Stock Exchange (formerly Jakarta Stock Exchange) in 1994. The action rendered the Bank as a public company. The Bank’s Articles of Association were also amended several times, of which the latest was Deed No. 33 Dated April 9, 2015, made before Fathiah Helmi, SH, a Notary in Jakarta. The deed was recorded by the Directorate General of General Law Administration – Ministry of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.03-0929451 dated May 5, 2015 which has been registered in the Company Register No. AHU-3500716.AH.01.11. of 2015 dated May 5, 2015.
In the late 1990s, Indonesia was hit by severe economic crisis,
especially the banking industry. Nevertheless, the Bank successfully
overcame the most critical condition called 'the worst banking meltdown’
by the World Bank. Aside from its ability to survive with no support
from the government recapitalization program, the Bank also became one
of the pioneer banks which continuously able to run its intermediary
function to provide loans during the crisis.
With the Bank’s quality and potential, Regent Pacific Private Equity (RPPE), a London based investment company, supported the Bank’s development by increasing its equity to almost twice through the issuance of Zero-Coupon Mandatory Exchangeable Notes to the founding shareholders. The additional capital initiative enabled the Bank to record high growth without forfeiting the Bank’s positive quality and reputation. The Bank’s well-known reputation in the market and its promising growth had attracted attention from various international institutions, such as International Finance Corporation (IFC), part of the World Bank Group, which provided a long-term loan to the Bank in 1999 and became the Bank’s shareholder during 2001 – 2010.
In addition, since early 1990s, The Netherlands Development Finance Company (FMO) provided long-term loans to be distributed to Small and Medium Enterprises (SME) segment.In 1997, OCBC Bank – Singapore selected Bank NISP to become a local partner in the establishment of Bank OCBC NISP (later renamed as OCBC Indonesia), subsequently became a shareholder in 2004. OCBC Bank – Singapore raised its shares through acquisitions and tender offer to become majority shareholder since 2005.
OCBC Bank - Singapore currently owns 85.1% stakes in the Bank. Supported by OCBC Bank - Singapore, the Bank successfully strengthened its infrastructure, including human capital, information technology, risk management, branch office network and internal audit. In 2005, Bank OCBC NISP’s Head Office was relocated to Jakarta which aimed at facilitating direct access to business center in Indonesia. In 2008, as part of its long-term strategies and to increase the brand as well as the support of the controlling shareholder, Bank NISP adopted a new name of “Bank OCBC NISP”, followed by cultural reinforcement and basic policy implementation within the organization.
Furthermore, in line with market demand, the Bank has strengthened its products and services diversity by establishing Sharia Business Unit since October 12, 2009. In 2011, the Bank entered a key milestone after OCBC Bank Singapore consolidated their business strategy in Indonesia by merging its subsidiaries, Bank OCBC Indonesia into Bank OCBC NISP.
The merger has demonstrated a full commitment from OCBC Bank – Singapore as the majority shareholder, to focus on supporting Bank OCBC NISP. In order to strengthen the Bank’s cultural foundation, in 2012, the Bank adapted its corporate culture with current circumstances and future possibilities. The new corporate culture named “ONe PIC”, has served as a guideline for all employees’ daily behaviour and work. ONe PIC is the abbreviation for Bank OCBC NISP One, Professionalism, Integrity and Customer Focus. This culture is consistently applied to all levels within the Bank’s organization, consisting of 6,477 employees. ONe PIC has also become a motivation for the employees to serve customers at 336 offices scattered in 61 cities throughout Indonesia. Bank OCBC NISP History
With the Bank’s quality and potential, Regent Pacific Private Equity (RPPE), a London based investment company, supported the Bank’s development by increasing its equity to almost twice through the issuance of Zero-Coupon Mandatory Exchangeable Notes to the founding shareholders. The additional capital initiative enabled the Bank to record high growth without forfeiting the Bank’s positive quality and reputation. The Bank’s well-known reputation in the market and its promising growth had attracted attention from various international institutions, such as International Finance Corporation (IFC), part of the World Bank Group, which provided a long-term loan to the Bank in 1999 and became the Bank’s shareholder during 2001 – 2010.
In addition, since early 1990s, The Netherlands Development Finance Company (FMO) provided long-term loans to be distributed to Small and Medium Enterprises (SME) segment.In 1997, OCBC Bank – Singapore selected Bank NISP to become a local partner in the establishment of Bank OCBC NISP (later renamed as OCBC Indonesia), subsequently became a shareholder in 2004. OCBC Bank – Singapore raised its shares through acquisitions and tender offer to become majority shareholder since 2005.
OCBC Bank - Singapore currently owns 85.1% stakes in the Bank. Supported by OCBC Bank - Singapore, the Bank successfully strengthened its infrastructure, including human capital, information technology, risk management, branch office network and internal audit. In 2005, Bank OCBC NISP’s Head Office was relocated to Jakarta which aimed at facilitating direct access to business center in Indonesia. In 2008, as part of its long-term strategies and to increase the brand as well as the support of the controlling shareholder, Bank NISP adopted a new name of “Bank OCBC NISP”, followed by cultural reinforcement and basic policy implementation within the organization.
Furthermore, in line with market demand, the Bank has strengthened its products and services diversity by establishing Sharia Business Unit since October 12, 2009. In 2011, the Bank entered a key milestone after OCBC Bank Singapore consolidated their business strategy in Indonesia by merging its subsidiaries, Bank OCBC Indonesia into Bank OCBC NISP.
The merger has demonstrated a full commitment from OCBC Bank – Singapore as the majority shareholder, to focus on supporting Bank OCBC NISP. In order to strengthen the Bank’s cultural foundation, in 2012, the Bank adapted its corporate culture with current circumstances and future possibilities. The new corporate culture named “ONe PIC”, has served as a guideline for all employees’ daily behaviour and work. ONe PIC is the abbreviation for Bank OCBC NISP One, Professionalism, Integrity and Customer Focus. This culture is consistently applied to all levels within the Bank’s organization, consisting of 6,477 employees. ONe PIC has also become a motivation for the employees to serve customers at 336 offices scattered in 61 cities throughout Indonesia. Bank OCBC NISP History
Since 2005, OCBC Overseas Investment Pte. Ltd. as a subsidiary of
Oversea-Chinese Banking Corporation Limited (OCBC Bank) has become the
majority shareholders, with ownership per end of 2017 at 85.1%. Since
then, OCBC Bank as the controlling shareholder has constantly provides
strong support to Bank OCBC NISP.
OCBC Bank is the longest established Singapore bank, formed in 1932
through the merger of three local banks, the oldest of which was founded
in 1912. It is the second largest financial services group in Singapore
by assets, with total assets of S$455 billion as of December 31, 2017.
OCBC Bank is listed on the SGX-ST, and is one of the largest listed
companies in Singapore by market capitalization. Its market
capitalization was close to S$52 billion as of December 31,2017, based
on the closing price of its ordinary shares. OCBC Bank
is one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognized for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
is one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognized for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial
banking, financial and wealth management services specialist, ranging
from consumer, corporate, investment, private and transaction banking to
treasury, insurance, asset management and stockbroking services. OCBC
Bank employs more than 29,000 staff globally, has banking operations in
18 countries and regions including Singapore, Malaysia, Indonesia,
China, Hong Kong SAR, Macao, Taiwan, Thailand, South Korea, Japan,
Australia, the United Kingdom, and the United States. OCBC Bank’s key
markets are Singapore, Malaysia, Indonesia, and Greater China. As of
December 31, 2017, OCBC Bank had a global network of over 600 branches
and representative offices, including more than 50 branches in
Singapore, over 40 branches in Malaysia, 338 branches and offices in
Indonesia, and more than 100 branches and offices in Hong Kong, China
and Macao under OCBC Wing Hang.
OCBC Bank’s other financial services, such as insurance, private
banking, asset management and stockbroking, are conducted mainly through
its subsidiaries. Its 87.90%-owned insurance subsidiary, Great Eastern
Holdings Limited, which is listed on the SGX-ST, is the oldest and most
established life insurance group in Singapore and Malaysia. Great
Eastern Holdings’ asset management subsidiary, Lion Global Investors, is
one of the largest private sector asset management companies in
Southeast Asia. Private banking services are provided by wholly-owned
subsidiary Bank of Singapore had assets under management of US$99
billion as of December 31, 2017. Bank OCBC NISP
Head Office
OCBC NISP Tower
Jl. Prof. Dr. Satrio Kav. 25 Jakarta 12940
T. 021 - 255 33 888
F. 021 - 579 44000 www.ocbcnisp.com
Call us
Bank OCB NISP
OCBC NISP Tower
Jl. Prof. Dr. Satrio Kav. 25 Jakarta 12940
T. 021 - 255 33 888
F. 021 - 579 44000 www.ocbcnisp.com
Call us
1500-999
From overseas
+62-21-26506300
or contact us OnlineBank OCB NISP
