Bank OCBC NISP Profile

PT. Bank NISP Tbk, which is now PT. Bank OCBC NISP Tbk, is the fourth oldest bank in Indonesia, it was established in Bandung on

4 April 1941 under the name NV. Nederlandsch Indische Spaar En Deposito Bank.

Bank NISP continuously evolved into a solid and reliable bank, catering mainly to the Small and Medium Enterprise (SME) segment. It became a commercial bank in 1967, licensed as foreign exchange bank in 1990, and listed its shares on Indonesia Stock Exchange in 1994.

In the late 1998, the Bank successfully weathered the Asian financial crisis and the subsequent Indonesian banking crisis without requiring recapitalization by the government. In fact, Bank NISP became one of the first banks to resume large-scale consumer lending activity intensively through the successful KPR Merdeka home mortgage loan facility in 1999. The initiative paved the way for the Bank’s unprecedented rise in the new millennium, in which its assets grew from IDR 2,7 trillion in 1998 to IDR 29 trillion at the end of 2007. Moreover, as a proof of its successful journey, the Bank moved its Head Office from Bandung to Jakarta and occupy its new building, Bank NISP Tower, in the center of Jakarta.

At the end of 2008, OCBC Bank-Singapore had become the controlling shareholder of the Bank by 74.73% shares share ownership through a series of acquisition since 2004. With the support from OCBC Bank-Singapore, Bank NISP carried out various development and enhancement to reach National Bank status in accordance to Indonesian Banking Architecture and also to become Top-5 Commercial Bank (excluding government and foreign banks) in Indonesia.

To optimize the relationship with OCBC Bank Singapore, Bank NISP changed its name to PT. Bank OCBC NISP Tbk. This changes has brough Bank NISP very closely to OCBC Bank Singapore as one of the biggest banks in Asia. Moreover, this change also showed biggest commitment from OCBC Bank Singapore to continuously support Bank OCBC NISP. With the new name and brand, OCBC NISP will consistently build its commitment to give the best service for its customers and stakeholders, including the implementation of corporate social responsibility and good corporate governance principle.

Controlling Shareholder Profile : OCBC Bank Singapore

OCBC Bank is the oldest local bank in Singapore with networks, office representatives and affiliated companies in 15 countries and territories in Singapore, Malaysia, Indonesia, China, Hongkong, Brunei, Japan, Australia, England and USA. OCBC Bank’s subsidiary, Great Eastern Holding is the biggest insurance group in Singapore and Malaysia in term of Assets and market share. Meanwhile , its subsidiary in asset management, Lion Global is the biggest private investment management company in South East Asia.