Bank OCBC NISP

PT Bank OCBC NISP Tbk

Type	Public company
Traded as	IDX: NISP
Industry	Financial services
Founded	Bandung, Indonesia (1941 (1941))
Founders	Liem Khe Tjie, Karmaka Surjaudaja (Kwee Tjie Hoei)
Headquarters	OCBC NISP Tower, South Jakarta, Indonesia
Area served	Indonesia
Key people	Parwati Surjaudaja, President Director and CEO ^[1]
Products	Consumer banking corporate banking
Operating income	Rp 8.84 trillion (2015)
Net income	Rp 1.45 trillion (2015)
Total assets	Rp 103.12 trillion (2015)
Parent	OCBC Bank
Website	www.ocbcnisp.com

OCBC NISP branch in Bandung

Bank OCBC NISP (formerly Bank NISP) (IDX: NISP) is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned and managed by Singaporean banking and financial group, OCBC Bank, which holds 85.1% of shares. OCBC NISP is Indonesia's 11th largest bank by assets and has 337 branches and offices and 759 ATMs located across the country.^[2]^[3]

History

Established in 1941, the bank was founded as NV Nederlandsch Indische Spaar En Deposito Bank in Bandung, Indonesia. 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, which sold 22.5% of his shares to OCBC in 2004.^[7] By 2008, OCBC Bank had became 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]

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. Retrieved November 15, 2015.
↑ "OCBC NISP, OCBC Indonesia merger approved". The Jakarta Post. November 10, 2010. Retrieved November 15, 2015.

External links

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 Agroniaga Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia Bank CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank Himpunan Saudara 1906 Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Bank Internasional Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan Bank OCBC NISP Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia

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 Pundi Indonesia Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti

Regional banks	Bank Jambi Bank Kalsel Bank Kaltim Bank Sultra Bank BPD DIY Bank Nagari Bank DKI Bank Lampung Bank Kalteng Bank BPD Aceh Bank Sulsel Bank BJB Bank Kalbar Bank Maluku Bank Bengkulu Bank Jateng Bank Jatim Bank NTB Bank NTT Bank Sulteng Bank Sulut Bank BPD Bali Bank Papua Bank Riau Kepri 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 BNI Syariah Bank Muamalat Bank Syariah Mandiri

National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank BRI Syariah Bank Mega Syariah Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah

Joint-venture banks	Bank Maybank Syariah Indonesia

Sharia business units of conventional banks

State-owned banks	Bank BTN Syariah

National private foreign exchange banks	Bank Danamon Syariah CIMB Niaga Syariah BII Syariah OCBC NISP Syariah Bank Permata Syariah

Regional banks	Bank BPD Aceh Syariah Bank BJB Syariah Bank DKI Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank NTB Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah

Foreign banks	HSBC Amanah

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