OCBC Indonesia

Indonesia-based bank

NV Nederlandsch Indische Spaar En Deposito Bank (1941–1981)
Bank NISP (1981–2008)
OCBC NISP (2008–2023)

Company typePublic

Traded as

IDX: NISPIndustryFinancial servicesFoundedBandung, 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]ProductsConsumer banking
corporate banking
Retail banking

Operating income

Rp10.6 Triliun (2022)

Net income

Rp3.3 Triliun (2022)Total assetsRp238.5 trilliun (2022)Total equityRp34.2 trilliun (2022)OwnerOCBC Bank (85.1%)

Number of employees

5,819 (2022)

Websitewww.ocbc.id

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]

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

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

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 : Helen Wong
Commissioner : Lai Teck Poh
Commissioner : Na Wu Beng
Independent Commissioner : Jusuf Halim
Independent Commissioner : Nicholas Tan
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 : Joseph Chan Fook Onn
Director : Lili S. Budiana
Director : The Ka Jit

Sharia Supervisory Board

Chairperson : Muhammad Anwar Ibrahim
Member : Mohammad Bagus Teguh Perwira

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".

External links

Official website
OCBC Bank website

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks
State-owned banks	Bank Mandiri Bank Negara Indonesia Bank Rakyat Indonesia Bank Tabungan Negara
National private foreign exchange banks	Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Maybank Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan OCBC Indonesia Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia Bank Woori Saudara
National private non foreign exchange banks	Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti
Regional banks	Bank Banten Bank Bengkulu Bank BJB Bank BPD Bali Bank BPD DIY Bank DKI Bank Jambi Bank Jateng Bank Jatim Bank Kalbar Bank Kalsel Bank Kalteng Bankaltimtara Bank Lampung Bank Maluku Bank Nagari Bank NTT Bank Papua BRK Syariah Bank Sulsel Bank Sultra Bank Sulteng Bank BSG Bank Sumsel Babel Bank Sumut
Joint-venture banks	Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia
Foreign banks	Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks
State-owned banks	Bank Syariah Indonesia
National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank DKI Syariah Bank BRI Syariah Bank Mega Syariah Bank Muamalat Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah
Regional banks	Bank Aceh Syariah Bank NTB Syariah
Joint-venture banks	CIMB Niaga Syariah Bank Maybank Syariah Indonesia

Sharia business units of conventional banks
National private foreign exchange banks	Bank Danamon Syariah OCBC NISP Syariah Bank Permata Syariah
Regional banks	Bank BPD DIY Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah
Foreign banks	HSBC Amanah