List of banks in Indonesia

This is a list of major banks in Indonesia. There are 120 commercial banks in Indonesia (4 state owned banks and 117 private banks). Two of the state owned banks have Islamic banking units. Of the 26 government regional banks, 15 have Islamic banking units, while of 86 private national banks, 7 have Islamic banking unit, and there are five Islamic commercial banks.^[1]

Top 10 banks ranked by total assets

As of 2023:

Central Bank

Bank Indonesia

Conventional banks

Government-owned banks

State-owned

Name of bank	Founded	Majority owner	Notes
Main state-owned banks
Bank Mandiri	2 October 1998	Government of Indonesia	Foreign exchange bank
Bank Negara Indonesia (BNI)	5 July 1946
Bank Rakyat Indonesia (BRI)	16 December 1895
Bank Tabungan Negara (BTN)	16 October 1897^[2]
Subsidiaries of state-owned banks
Bank Mandiri Taspen	23 February 1970	Bank Mandiri	Non-foreign exchange bank
Bank Mayora	25 February 1993	Bank Negara Indonesia	Foreign exchange bank
Bank Raya Indonesia	27 September 1989	Bank Rakyat Indonesia	Foreign exchange bank

Regional-owned banks

Regional-owned banks are formally instituted as Bank Pembangunan Daerah (Regional Development Bank, abbreviated as BPD).

Name of Bank	Founded	Majority Owner	Notes
Bank BPD Bali	5 July 1962	Bali Government	Foreign exchange bank
Bank BPD DIY	15 December 1961	Special Region of Yogyakarta Government	Non-foreign exchange bank
Bank Banten	11 September 1992	PT Banten Global Development (Banten Government)
Bank Bengkulu	9 August 1969	Bengkulu Government
Bank BJB	20 May 1961	West Java Government	Foreign exchange bank
Bank DKI	11 April 1961	Special Capital Region of Jakarta Government	Foreign exchange bank
Bank Jambi	12 February 1959	Jambi Government	Non-foreign exchange bank
Bank Jateng	13 March 1963	Central Java Government	Foreign exchange bank
Bank Jatim	17 August 1961	East Java Government	Foreign exchange bank
Bank Kalbar	28 November 1963	West Kalimantan Government	Non-foreign exchange bank
Bank Kalsel	25 March 1964	South Kalimantan Government
Bank Kalteng	28 October 1961	Central Kalimantan Government
Bankaltimtara	14 October 1965	East Kalimantan and North Kalimantan Government	Foreign exchange bank
Bank Lampung	1 August 1964	Lampung Government	Non-foreign exchange bank
Bank Maluku Malut	25 October 1961	Maluku and North Maluku Government	Non-foreign exchange bank
Bank Nagari	12 March 1962	West Sumatra Government	Foreign exchange bank
Bank NTT	17 July 1962	East Nusa Tenggara Government	Non-foreign exchange bank
Bank Papua	13 April 1966	Papua and West Papua Government	Non-foreign exchange bank
BRK Syariah	15 August 1961	Riau dan Riau Islands Government	Foreign exchange bank
Bank Sulselbar	13 January 1961	South Sulawesi and West Sulawesi Government	Foreign exchange bank
Bank Sulteng	1 April 1969	Central Sulawesi Government	Non-foreign exchange bank
Bank Sultra	2 March 1968	Southeast Sulawesi Government
Bank BSG	17 March 1961	Gorontalo and North Sulawesi Government
Bank Sumsel Babel	6 November 1957	South Sumatra and Bangka-Belitung Government	Foreign exchange bank
Bank Sumut	4 November 1961	North Sumatra Government	Foreign exchange bank

Private banks

Name of Bank	Founded	Majority Owner	Notes
Foreign exchange banks
Bank ABN Amro Indonesia	13 November 1973	ABN Amro
Bank ANZ Indonesia	5 September 1990^[3]	ANZ Bank
Bank American Express Indonesia	7 September 1986	American Express
Bank Artha Graha Internasional	7 September 1973	Artha Graha Group
Bank Barclays Indonesia	4 October 1989	Barclays
Bank BNP Paribas Indonesia	23 December 1989	BNP Paribas
Bank BTPN	5 February 1958^[4]	Sumitomo Mitsui Banking Corporation
Bank KB Bukopin	10 July 1970	KB Kookmin Bank
Bank Bumi Arta	3 March 1967	Ajaib Group
Bank Capital Indonesia	20 April 1989	Danny Nugroho
Bank Central Asia	21 February 1957	Djarum Group
China Construction Bank Indonesia	2 April 1989	China Construction Bank
Bank CIMB Niaga	26 September 1955	CIMB Bank
Citibank Indonesia	14 June 1968	Citibank
Bank Commonwealth	20 August 1996^[5]	Commonwealth Bank of Australia
Credit Suisse Indonesia	23 February 1989^[6]	Credit Suisse
Bank CTBC Indonesia	14 August 1996	CTBC Bank
Bank Danamon	16 July 1956	MUFG Bank^[7]
Bank DBS Indonesia	30 June 1989^[5]	DBS Bank
Bank Ganesha	15 May 1990^[5]	PT Equity Development Investment
Bank HSBC Indonesia	15 May 1974	HSBC
Bank Index Selindo	30 July 1992	PT Kazanah Indexindo
J Trust Bank	30 May 1989	J Trust
Bank KEB Hana Indonesia	27 April 1971	KEB Hana Bank
Bank Maspion	6 November 1989	Kasikornbank	Based in Surabaya
Bank Mayapada	7 September 1989	Mayapada Group
Bank Maybank Indonesia	15 May 1959	Maybank
Bank Mega	14 August 1969	Mega Corp
Bank Mestika Dharma	12 December 1956	PT Mestika Buana Mas^[8]	Based in Medan
Bank MNC Internasional	12 January 1990^[9]	MNC Corporation
Bank Multiarta Sentosa	28 July 1992	Wings Group
NOBU Bank	16 August 1990	Lippo Group
Bank OCBC NISP	4 April 1941	OCBC Bank
Bank of India Indonesia	28 September 1968	Bank of India
Panin Bank	17 August 1971	Panin Group
Permata Bank	17 December 1954^[10]	Bangkok Bank^[11]
Bank QNB Indonesia	28 April 1913^[12]	Qatar National Bank
Bank Resona Perdania	1 February 1958	Resona Bank
Royal Bank of Scotland Indonesia	12 November 1992	Royal Bank of Scotland
Bank SBI Indonesia	24 October 1970^[12]	State Bank of India
Bank Sinarmas	18 August 1989	Sinar Mas Group
Bank UOB Indonesia	31 August 1956	United Overseas Bank
Bank Victoria Internasional	5 October 1992	PT Victoria Internasional^[13]
Bank Woori Saudara	18 April 1906^[14]	Woori Bank
Non-foreign exchange banks
Amar Bank Indonesia	15 March 1991	Tolaram Group
Krom Bank	16 March 1957	FinAccel Private Limited	Based in Bandung
Bank Digital BCA	25 October 1965	Bank Central Asia
Super Bank Indonesia	5 March 1993	Elang Mahkota Teknologi
Allo Bank	21 October 1992	Mega Corp
Bank Ina Perdana	9 February 1990	Salim Group
Bank Jago	14 December 1992	PT Metamorfosis Ekosistem Indonesia, GoTo Financial, Wealth Track Technology Ltd, GIC Private Limited
Bank Jasa Jakarta	23 March 1971^[15]	Astra International
Bank Seabank Indonesia	4 October 1991	Sea Ltd
Bank Neo Commerce	14 September 1989	PT Gozco Capital, Akulaku
Bank Oke Indonesia	15 August 1990	APRO Financial Group
Bank Sahabat Sampoerna	27 September 1990^[15]	Sampoerna Group

Foreign banks

Name of Bank	Incorporated in Indonesia
Bank of America	25 June 1968
Bank of China	13 January 2003
Deutsche Bank	18 March 1969
JPMorgan Chase	17 June 1968
MUFG Bank	24 August 1968
Standard Chartered	1 October 1968

Islamic Banks

Sharia bank

Government-owned sharia banks

Name of Bank	Founded	Majority Owner	Notes
Bank Syariah Indonesia	1 February 2021	Government of Indonesia	Foreign exchange bank
Regional sharia banks
Bank Aceh Syariah	7 September 1957	Aceh Government	Non-foreign exchange bank
Bank BJB Syariah	15 January 2010	West Java Government
Bank NTB Syariah	5 July 1964	West Nusa Tenggara Government

Bank BNI Syariah and Bank Syariah Mandiri will be merged with Bank BRISyariah as the surviving brand named Bank Syariah Indonesia.^[16]^[17]

Private sharia banks

Name of Bank	Founded	Majority Owner	Notes
Bank Mega Syariah	14 July 1990	Bank Mega	Foreign exchange bank
Bank Aladin Syariah	14 September 1994^[18]	NTI Global Indonesia	Foreign exchange bank
Bank BCA Syariah	21 May 1991	Bank Central Asia	Non-foreign exchange bank
Bank Muamalat Indonesia	1 November 1991	Islamic Development Bank	Foreign exchange bank
Panin Dubai Syariah Bank	8 January 1972^[12]	Panin Bank, Dubai Islamic Bank	Foreign exchange bank
Bank KB Bukopin Syariah	24 December 1971	Bank KB Bukopin	Non-foreign exchange bank
Bank BTPN Syariah	7 March 1991	Bank BTPN
Bank Victoria Syariah	15 April 1966	Bank Victoria Internasional

Islamic banking unit of conventional banks

Name	Founded
Regional-owned banks
Bank BPD DIY Syariah	19 February 2007
Bank DKI Syariah	8 March 2004
Bank Jambi Syariah	December 2011^[19]
Bank Jateng Syariah	26 April 2008
Bank Jatim Syariah	21 August 2007
Bank Kalbar Syariah	12 December 2005
Bank Kalsel Syariah	13 August 2004
Bankaltimtara Syariah	27 December 2006
Bank Nagari Syariah	28 September 2006
Bank Riau Kepri Syariah	1 October 2002
Bank Sulselbar Syariah	28 April 2007
Bank Sumsel Babel Syariah	2 January 2006
Bank Sumut Syariah	4 November 2004
Private banks
Bank CIMB Niaga Syariah	27 September 2004^[20]
Bank Danamon Syariah	14 May 2002^[21]
Bank OCBC NISP Syariah	12 October 2009^[22]
Bank Permata Syariah	10 November 2004^[23]
Bank Sinarmas Syariah	18 November 2009

Multilateral banks and financial institutions

Representative offices in Jakarta

Australia

National Australia Bank
Westpac Banking Corporation^[27]

Belgium

Fortis Bank^[27]

France

BNP Paribas^[27]
Caylon Corp and Inv Bank^[27]
Natixis^[27]
Banque Societe Generale Indonesia^[27]

Germany

LBBW (Landesbank Baden-Wuerttemberg)^[27]
Dresdner Bank AG^[27]
Commerzbank AG^[27]

India

Japan

Japan Bank for International Cooperation^[27]
The Sumitomo Trust & Banking Co. Ltd^[27]

Netherlands

ING Bank NV^[27]
NV De Indonesische Overzeese Bank^[27]

Singapore

Switzerland

EFG Bank^[27]
UBS AG Jakarta Representative Office^[27]

Taiwan

The Exim Bank of Republic of China^[27]

United States

Bank of New York^[27]
Wachovia Bank N.A.^[27]

Defunct Banks

PT Bank IFI (Bank IFI)^[28]
PT Bank Lippo (Lippo Bank)
Banco Santander Indonesia
Nomura Bank Indonesia
Shinhan Bank Indonesia

References

^ "Institutions - Central Bank of Republic of Indonesia". Archived from the original on 4 January 2010. Retrieved 30 December 2009.
^ Elib.unikom.ac.id
^ ANZ Indonesia 2014 Report
^ profil-pt-bank-btpn-tbk
^ ^a ^b ^c Perbankan Indonesia pasca krisis: analisis, prospek, dan profil
^ The Bankers' Almanac, Volume 2
^ Tambah Kepemilikan di BDMN dan BBNP, MUFG Transaksi Saham Rp49,6 Triliun
^ bankmestika.co.id
^ "id.icbbumiputera.co.id". Archived from the original on 4 February 2010. Retrieved 4 February 2010.
^ Informasi, Masalah 215-220
^ "Bangkok Bank acquires majority stake in Bank Permata for $2.3b". The Jakarta Post. Retrieved 30 July 2020.
^ ^a ^b ^c Indonesia Bank Directory
^ victoriabank.co.id
^ Bank Saudara 1906-2006 : Seratus Tahun Perjalanan Bank Urang Sunda
^ ^a ^b Informasi, Masalah 7-12
^ Wareza, Monica. "3 Bank Syariah BUMN Siap Dimerger, Namanya Jadi Bank Amanah?". market (in Indonesian). Jakarta: CNBC Indonesia. Retrieved 13 October 2020.
^ Ulya, Fika Nurul (13 October 2020). Djumena, Erlangga (ed.). "Bank Syariah BUMN Merger, BRISyariah Jadi Bank Survivor Halaman all". KOMPAS.com (in Indonesian). Jakarta: Kompas Cyber Media. Retrieved 13 October 2020.
^ Perbankan Indonesia pasca krisis: analisis, prospek, dan profil
^ Unit Usaha Syariah BPD Jambi, Jadi Bank Umum Syariah pada 2020
^ Ummi, Volume 16,Masalah 7-12
^ Bank Danamon
^ OCBC NISP Syariah Memperkenalkan Tabungan Simpel iB di Makassar
^ Repository.umy.ac.id
^ 'World Bank Indonesia website'.
^ 'IMF Office in Indonesia' website.
^ 'Indonesia and ADB', website.
^ ^a ^b ^c ^d ^e ^f ^g ^h ⁱ ^j ^k ^l ^m ⁿ ^o ^p ^q ^r ^s ^t ^u ^v ^w "Foreign Representative Office Address". Retrieved 29 December 2009.
^ "Bank Indonesia revokes the business license of PT. Bank IFI". Retrieved 30 December 2009.

External links

Regional Banks Association (Asbanda)
Indonesian Banks Association (Perbanas)

[1] "Institutions - Central Bank of Republic of Indonesia". Archived from the original on 4 January 2010. Retrieved 30 December 2009.

[2] Elib.unikom.ac.id

[3] ANZ Indonesia 2014 Report

[4] rofil-pt-bank-btpn-tbk

[perbankan-5] Perbankan Indonesia pasca krisis: analisis, prospek, dan profil

[6] The Bankers' Almanac, Volume 2

[7] Tambah Kepemilikan di BDMN dan BBNP, MUFG Transaksi Saham Rp49,6 Triliun

[8] stika.co.id

[9] "id.icbbumiputera.co.id". Archived from the original on 4 February 2010. Retrieved 4 February 2010.

[bankinformasi1-10] Informasi, Masalah 215-220

[11] "Bangkok Bank acquires majority stake in Bank Permata for $2.3b". The Jakarta Post. Retrieved 30 July 2020.

[bank1bisnis-12] Indonesia Bank Directory

[13] victoriabank.co.id

[14] Bank Saudara 1906-2006 : Seratus Tahun Perjalanan Bank Urang Sunda

[sejarahbank-15] Informasi, Masalah 7-12

[16] Wareza, Monica. "3 Bank Syariah BUMN Siap Dimerger, Namanya Jadi Bank Amanah?". market (in Indonesian). Jakarta: CNBC Indonesia. Retrieved 13 October 2020.

[17] Ulya, Fika Nurul (13 October 2020). Djumena, Erlangga (ed.). "Bank Syariah BUMN Merger, BRISyariah Jadi Bank Survivor Halaman all". KOMPAS.com (in Indonesian). Jakarta: Kompas Cyber Media. Retrieved 13 October 2020.

[bankbuku-18] Perbankan Indonesia pasca krisis: analisis, prospek, dan profil

[19] Unit Usaha Syariah BPD Jambi, Jadi Bank Umum Syariah pada 2020

[20] Ummi, Volume 16,Masalah 7-12

[21] Bank Danamon

[22] OCBC NISP Syariah Memperkenalkan Tabungan Simpel iB di Makassar

[23] Repository.umy.ac.id

[24] 'World Bank Indonesia website'.

[25] 'IMF Office in Indonesia' website.

[26] 'Indonesia and ADB', website.

[Foreign_Representative_Office_Address_from_BI-27] ^ ^a ^b ^c ^d ^e ^f ^g ^h ⁱ ^j ^k ^l ^m ⁿ ^o ^p ^q ^r ^s ^t ^u ^v ^w "Foreign Representative Office Address". Retrieved 29 December 2009.

[28] "Bank Indonesia revokes the business license of PT. Bank IFI". Retrieved 30 December 2009.

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