OCBC Indonesia
| Company type | Publicly traded company |
|---|---|
| Industry | Banking and financial services |
| Predecessor | Bank NISP |
| Founded | 1941 in Bandung, Indonesia |
| Fate | Merged with OCBC Indonesia in 2011; rebranded as OCBC in 2023 |
| Successor | OCBC Indonesia |
| Headquarters | South Jakarta , Indonesia |
Area served | Indonesia |
Key people | President Director: Parwati Surjaudaja; President Commissioner: Pramukti Surjaudaja |
| Products | Savings accounts, consumer loans, credit cards, bancassurance, mutual funds, premier banking, private banking, trust management, digital banking, cash management, trade finance, treasury services, Sharia banking products |
| Owner | Overseen by OCBC Bank (85.1% ownership) |
| Parent | OCBC Bank |
| Website | www |
PT Bank OCBC NISP Tbk (previously known as Bank NISP), operating under the trade name OCBC Indonesia, is a publicly traded banking and financial institution based in South Jakarta, Indonesia. The majority ownership lies with the Singaporean financial conglomerate OCBC Bank, which controls 85.1% of the shares. OCBC Indonesia holds the position of the eighth-largest bank in Indonesia by asset size, with a network comprising 337 branches and offices and 780 ATMs across the country.
History
Established in 1941 in Bandung as NV Nederlandsch Indische Spaar en Deposito Bank ("Netherlands Indies Savings and Deposito Bank"), it was one of the leading savings banks at the time of its founding. By 1967, the institution had expanded its operations to include commercial banking and corporate services. In 1981, it adopted the name PT Bank Nilai Inti Sari Penyimpan (Bank NISP). The bank was an early adopter of government-backed credit schemes, savings programs, and provided guarantees for public infrastructure projects. In 1972, Bank NISP entered into a joint venture with Daiwa Perdania Bank—a collaboration between Japan’s Daiwa Bank and Indonesian investors—later becoming a shareholder in this partnership. The bank secured a foreign exchange license in 1990 and subsequently listed on the Indonesian Stock Exchange in 1994.
1997 to 2008: Joint venture formation and OCBC acquisition
In 1997, Bank NISP partnered with OCBC Indonesia to establish PT Bank OCBC-NISP, starting with an initial paid-up capital of 150 billion rupiah. OCBC progressively increased its ownership by acquiring shares from existing stakeholders, including President Director/CEO Parwati Surjaudaja, who divested 22.5% of her holdings in 2004. By 2008, OCBC had become the controlling shareholder, leading to the rebranding of the bank as Bank OCBC NISP.
2010 to present: Integration with OCBC Indonesia
The year 2011 marked the merger between OCBC NISP and OCBC Indonesia, with the latter being absorbed without liquidation. The unified institution retained the Bank OCBC NISP brand and consolidated assets amounting to Rp 47.6 trillion following the merger.
On November 14, 2023, Bank OCBC NISP underwent a rebranding initiative to adopt the name "OCBC," introducing a refreshed brand identity and logo that signify its strategic market evolution.
Subsequently, on November 16, 2023, PT Bank OCBC NISP Tbk (“OCBC Indonesia”) signed a Sale and Purchase Agreement with Commonwealth Bank of Australia (CBA) to acquire a 99% stake in PT Bank Commonwealth’s shares, with plans to acquire the remaining 1% from other shareholders. This transaction is subject to approval from Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan), shareholder endorsement, and fulfillment of additional conditions. Once finalized, PT Bank Commonwealth will be merged into OCBC Indonesia.
Individual Customers
- Savings accounts
- Consumer loans
- Credit card offerings
- Bancassurance products
- Mutual fund investments
- Premier banking services
- Private banking solutions
- Trust management services
- Digital banking facilities
Business Clients
- Cash management solutions
- Productive financing options
- Trade finance services
- Trust management
- Electronic banking platforms
Treasury
- Currency exchange and derivatives
- Fixed income securities
- Derivatives linked to interest rates
- Customized financial instruments
Sharia Banking
- Sharia-compliant funding
- Retail financing adhering to Sharia principles
- Productive financing under Sharia guidelines
- Sharia Bancassurance services
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