PT Bank Sinarmas Tbk. was established on August 18, 1989 based on Deed No. 52 dated 18 August 1989 from Buniarti Tjandra, S.H., Notary in Jakarta, under the name PT Bank Shinta Indonesia and amended by Deed No. 91 dated 15 September 1989 from the same notary.
The bank gained status as a Foreign Exchange Commercial Bank in 1995. In 2005, the Bank's journey entered a new phase after PT Sinar Mas Multiartha Tbk., A financial services company under the Sinar Mas Business Group took over 21% of shares in PT Bank Shinta Indonesia.
In December 2006 the Bank changed its name to PT Bank Sinarmas. The name change has been approved through an Extraordinary General Meeting of Shareholders as set forth in Deed No. 1 dated November 21, 2006 from Triphosa Lily Ekadewi, S.H., notary in Jakarta.
In 2009, Bank Sinarmas obtained a permit to establish a Sharia Business Unit (UUS), based on Bank Indonesia Deputy Governor Decree No. 11/13 / PEM. Dpg / 2009 concerning the Granting of PT Bank Sinarmas Sharia Business Unit Business License (UUS) and in the same year the Bank obtained authorization from Bapepam (now OJK) to conduct business activities of the Trustee.
On December 13, 2010, Bank Sinarmas conducted an Initial Public Offering (IPO) with a capital structure of Rp728 billion and by issuing Series I Warrants. The corporate actions undertaken by Bank Sinarmas after the IPO were as follows
The bank gained status as a Foreign Exchange Commercial Bank in 1995. In 2005, the Bank's journey entered a new phase after PT Sinar Mas Multiartha Tbk., A financial services company under the Sinar Mas Business Group took over 21% of shares in PT Bank Shinta Indonesia.
In December 2006 the Bank changed its name to PT Bank Sinarmas. The name change has been approved through an Extraordinary General Meeting of Shareholders as set forth in Deed No. 1 dated November 21, 2006 from Triphosa Lily Ekadewi, S.H., notary in Jakarta.
In 2009, Bank Sinarmas obtained a permit to establish a Sharia Business Unit (UUS), based on Bank Indonesia Deputy Governor Decree No. 11/13 / PEM. Dpg / 2009 concerning the Granting of PT Bank Sinarmas Sharia Business Unit Business License (UUS) and in the same year the Bank obtained authorization from Bapepam (now OJK) to conduct business activities of the Trustee.
On December 13, 2010, Bank Sinarmas conducted an Initial Public Offering (IPO) with a capital structure of Rp728 billion and by issuing Series I Warrants. The corporate actions undertaken by Bank Sinarmas after the IPO were as follows
- In 2012 the Bank made a Limited Public Offering I and by issuing series II warrants
- In 2014 the Bank increased capital without pre-emptive rights (PMTHMETD)
- In 2016 the Bank made a Limited Public Offering II and by issuing Series III Warrants
To be a leading bank in Indonesia with an integrated distribution network and excellent service.
Mission
- Expanding office network for market penetration and financing in consumer centers, SMEs and corporate-scale business sectors.
- Expanding the customer base, ranging from small customers to corporations, through cooperation with financial institutions and other business partners.
- Improve the ability of Information Technology and Human Resources in order to provide the best service through a complete payment system.
- Cultivating a Risk Management system in accordance with the principles of prudence and Good Corporate Government (GCG) Bank Sinarmas History
PT. Bank Sinarmas Tbk.
Sinar Mas Land Plaza
Jl. M.H Thamrin Kav. 51
Tower I Floors 1 & 2
Exo Gondangdia, Kec. Menteng
Jakarta 10350 - Indonesia
Phone: (+6221) 31990101
Bank Sinarmas