You Are Here: Bank ICBC Indonesia >About Us >Introduction
Brief Introduction to ICBC Indonesia
 

Bank ICBC Indonesia was established from the acquisition of  Bank Halim Indonesia, which was then headquartered in Surabaya, by the Industrial Commercial Bank of China Limited (hereinafter referred to as “ICBC Limited”), on 28 September 2007, and later the name was changed to PT Bank ICBC Indonesia.

ICBC Limited is dubbed “the Best Bank in China” for three consecutive years by The Banker, a UK based magazine. ICBC Limited is also “the Best Foreign Exchange Bank” according to Global Finance, a US based magazine. ICBC Limited owns 98.61% of Bank ICBC Indonesia’s shares, while the rest is owned by PT Intidana Wijaya.

The process of acquiring Bank Halim Indonesia by ICBC Limited is one example of a successful takeover of a local bank by a foreign bank originating from China – a good step for Bank ICBC Indonesia to build future success. After the acquisition, the increasing demand for products and services led Bank ICBC Indonesia in December 2007 to relocate its Head Office from Surabaya to ICBC Tower at Jalan M.H. Thamrin No. 81, Jakarta.

One of Bank ICBC Indonesia’s competitive advantages is its capabilities to contribute to the rapid infrastructure development in Indonesia. In order to achieve that, the Bank implemented a prudential principle policy which is reflected by means of targeting the relatively low-risk customer segments such as the SOEs' Indonesia and the blue-chip companies operating in Indonesia.

Bank ICBC Indonesia takes advantage of its strategic geographical location, support of Shareholders, extensive branch network as well as banking system support from ICBC Limited to provide high quality and efficient banking services as well as products for corporate and individual customers.

At the end of 2016, the Bank has a network of 21 offices located in seven provinces in Indonesia, namely DKI Jakarta, West Java, East Java, North Sumatera, Riau Islands, East Kalimantan and South Sulawesi with a total of 701 employees.

In order to enable access to ICBC savings account, Bank ICBC Indonesia integrated its ATM network with ICBC Limited’s ATM network and with ATM Bersama. Hence, Bank ICBC Indonesia’s customers can be able to use ICBC Indonesia ATM Card not only at Bank ICBC Indonesia ATM terminals but also at more than 100,000 ICBC ATM in China and at 60,000 other banks' ATM linked in ATM Bersama network.

After almost a decade in operation, Bank ICBC Indonesia has not only seen its balance sheet and profitability grown markedly, but also witnessed its fast development in providing comprehensive financial products and services to the customers. The Bank will capitalize on, just like it did in the previous decade, the ICBC Limited's vast resources, global reach, and cutting-edge technology, to develop to even greater heights.

Moreover, growing bilateral relations between Indonesia and China poses a great opportunity for the Bank to maximize its mission to be the economic, financial and cultural bridge between the two countries by offering a wide range of products and services to Corporate & Commercial Banking, Retail Banking as well as Micro, Small, and Medium Enterprises (“MSME”) Banking.

Transformational strategy which had been started in the last view years will be carry on, so that within the next five years, the Bank envisions itself to be a well-respected local financial institution with best service, performance and contribution as well as being able to contribute more to the Indonesian economic development.

The transformation was carried out, among others, through the selection of segments from SOEs and blue-chip companies, the change in the Bank’s revenue structure focusing on commission income growth, the Bank’s funding structure focusing on Third Party Funds growth particularly current account and savings, accelerating consumer business growth, strengthening internal monitor and accelerating technology transfer from ICBC Limited.


【Close】