| ||Brief History|
Bank OCBC NISP (previously known as Bank NISP) 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.
Bank OCBC NISP has since evolved into a solid and reliable bank, catering mainly to the Small and Medium Enterprise (SME) segment. It officially became a commercial bank in 1967, a licensed foreign exchange bank in 1990, and a publicly listed bank on the Indonesian Stock Exchange in 1994.
In the late nineties, Bank OCBC NISP successfully weathered the Asian financial crisis and subsequent collapse of the banking sector in Indonesia, without government support in forms of Government recapitalization bonds. Bank OCBC NISP was in fact, one of the banks in the country to resume large-scale lending immediately after the crisis. This initiative enabled the Bank to record robust growth.
Bank OCBC NISP’s well-known reputation in the market and its promising growth had merited attention from International Finance Corporation (IFC), part of the World Bank Group which become shareholder in 2001 - 2010, and from OCBC Bank-Singapore, which sought to become a shareholder in the Bank and ultimately became a controlling shareholder through acquisition and tender offer since 2004. OCBC Bank-Singapore currently owns 85.06% stakes in Bank OCBC NISP.
With the support from OCBC Bank-Singapore, Bank OCBC NISP has set ambitious program to enhance its infrastructure, including human resources, information technology and branch network. This initiative partly compelled the movement of the Bank’s headquarter to OCBC NISP Tower in the center of Jakarta, which allowed Bank OCBC NISP to have direct access to the heart of businesses in Indonesia.
Bank OCBC NISP currently employs more than 6,000 employees who are highly motivated to serve customers in 380 offices throughout 76 cities in Indonesia.
Controlling Shareholder Profile :
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 Investors is one of the largest asset management companies in South East Asia. For detail information can be accessed at www.ocbc.com