Bank OCBC NISP booked 27% increase in Net Income
Bank OCBC NISP started the year of 2009 with satisfactory 2008 financial performance result. As of 31 December 2008, Bank OCBC NISP booked net income of IDR 316.9 billion or 27% increase from IDR 250.1 billion at the end of 2007. Parwati Surjaudaja, President Director of Bank OCBC NISP explained that the increase in net income was mainly derived from 19% increase of net interest income from IDR 1.2 trillion in 2007 to IDR 1.4 trillion in 2008 accompanied by 40% increase in fee based income from IDR 335.6 billion to IDR 470.9 billion in 2008.

Total asset grew by 18% and reached IDR 34.2 trillion at the end of 2008. The growth was mainly driven by 27% increase in third party deposits to reach IDR 27.1 trillion at the end of 2008. Meanwhile, loan only grew by 9% and reached IDR 20.8 trillion which resulted in the dropped of LDR to the level of 76.69% at the end of 2008.

Satisfactory growth of third party deposits proofed the trust rendered by customers to Bank OCBC NISP.  By disbursing loan in very selective way, we have been able to maintain our net NPL ratio on the level 1.75% at the end of 2008, or decrease from 2.12% at the end of 2007.

Based on the type of use, loan was distributed for working capital (44.3%), consumer loan (28.7%) and investment loan (27.0%). Meanwhile, based on sector, loans were distributed to manufacturing, trading, services, consumer, and others were 24.7%, 23.1%, 18.5%, 28.7%, and 5.0% respectively.
The Bank's key ratios also stood on the satisfactory level at the end of 2008, such as CAR 17.01%, NIM 5.40%, ROE 9.18% and ROA 1.54%. 

President Director Bank OCBC NISP, Parwati Surjaudaja explained, “With the full support from our customers and other stakeholders, we have been able to realize our target for growth in 2008. Beside the growth in financial performance, we also increase our level of service quality to our customers. Such of it by expanding our network and opening 18 new offices in many cities in Indonesia, so at the end of 2008 we already have 370 offices. To facilitate our customers on the transaction needs, we also installed 43 new ATMs and now totaling 537 units in various locations all over Indonesia which are supported with 5,518 dedicated employees". 

"In 2009, with the same focus on SME and consumer, Bank OCBC NISP will continue the growth such of it by adding 10 – 20 offices as well as optimizing the existing ones. Beside that, we will also continue to develop our products and services in line with our customers' needs, in the area of wealth management, premier banking, micro banking and sharia banking," Parwati added.

New Era of Bank OCBC NISP
Along with its significant performance, 2008 is also a remarkable year for Bank OCBC NISP. Since 22 December 2008, the name of Bank OCBC NISP and its logo has officially been used as the new name and logo, which previously known as Bank NISP. The change is not just limited to the use of new name and logo, but it also covered business strategic management as we aimed to be a more effective organization and gives more benefits to all stakeholders. The additional name of OCBC is also a form of trust and commitment of OCBC Bank as major shareholder (74.73% share ownership) to support Bank OCBC NISP reach Top 5 National Private Bank in Indonesia in 2013.

Profile of OCBC NISP
Bank OCBC NISP, previously named Bank NISP was established in 1941 in Bandung. Currently the Bank has a network of 370 offices and 537 self-owned ATM's which are part of network of more than 22,000 ATMs (including ATM Bersama, BCA, OCBC Bank-Singapore and BankCard-Malaysia), as well as a total of 5,518 employees. In maintaining its business, which is focused on the SME and consumer sectors, Bank OCBC NISP has received wide-ranging support from OCBC Bank, its controlling shareholder (74.73%). Another shareholder which also actively supports is IFC-World Bank Group, since 1997 in the form of capital, long term loan, technical assistance, and others.

Bank OCBC NISP is one of the highest rated banks in Indonesia, with AA+(idn) for National Long Term and BB(idn) for Long-Term Foreign and Local Currency from FitchRatings and idAA- for Corporate Rating and idA+ for Subordinated Bond from PEFINDO (affiliated of Standard & Poor's). Various acknowledgements from international and local institutions were received by Bank OCBC NISP. In January 2009, Bank OCBC NISP received recognition as Retail Bank of the Year 2009 – Indonesia, one of categories in the Asian Banking and Finance Retail Banking Awards, from Asian Banking and Finance Magazine, Singapore. This is the second time the Bank receive such Award after the first time it was received in 2007.

Prior to this, the Bank also categorized as “Trusted Company" (Perusahaan Terpercaya) in the Corporate Governance Perception Index (CGPI) Award 2007, Best FX Prime Booking Services and Best Single-Bank Electronic Trading Platform from Asiamoney Magazine – Hongkong 2008, Annual Report Award 2007 (2nd place) private listed financial category, and 2 awards from InfoBank Magazine, Golden Trophy Award 2008 for “Excellence Performance for 5 Consecutive Years (2003-2007) and Banking Service Excellence Award 2008, respectively.

Profile of Controlling Shareholder: OCBC Bank Singapore
OCBC Bank is Singapore's longest established bank with group assets of S$184 billion (as of September 30, 2008). Its full spectrum of specialist financial services solutions is delivered through a network of more than 470 branches and representative offices in 15 countries and territories, including Singapore, Malaysia, Indonesia, China, Hong Kong SAR, Brunei, Japan, Australia, UK and USA. Its insurance subsidiary, Great Eastern Holdings, is the largest insurance group in Singapore and Malaysia in terms of assets and market share, and its asset management subsidiary, Lion Capital Investors, is one of the largest asset management companies in Southeast Asia.

OCBC Bank has of one of the highest credit ratings among the banks in Asia, with long-term ratings of Aa1 from Moody's, AA- from Fitch, and A+ from Standard and Poor's. It has also received many accolades, such as “Best Foreign Cash Management Bank" in Asiamoney's Poll Among Small, Medium & Large Corporate in Malaysia 2008, and Ranked 1 in Top 5 Regional Banks Category: Asia Risk End User Survey 2008, and Best Cash Management Bank Country Awards from Finance Asia Magazine 2008. For additional information please visit www.ocbc.com.

For further information, please contact:
Public Relations Bank OCBC NISP
Email : pr@ocbcnisp.com