Bank Maybank Indonesia

Bank Maybank Indonesia is an Indonesian private-sector bank operating as part of Maybank, one of the major financial-services groups in Southeast Asia. The institution was established on 15 May 1959 by Aridi Penjamin and Jap Ing Hoat and originally developed under the Bank Internasional Indonesia name. Its early history also included the influence and ownership of Iskandar Widyadi. The bank expanded its regulatory and capital-market position during the late twentieth century: it received a foreign-exchange-bank license in 1988 and became publicly listed in 1989 through listings on the Jakarta Stock Exchange and the Surabaya Stock Exchange, which were later consolidated into the Indonesia Stock Exchange. Ownership changed again in August 2005, when the Sinar Mas group became the owner. The bank subsequently became associated with Maybank and adopted the Bank Maybank Indonesia identity, linking its Indonesian operations with the broader Maybank network across ASEAN. The institution is legally organized as PT Bank Maybank Indonesia Tbk and remains a listed Indonesian banking company. The bank’s business is organized around services for individual and corporate customers. Its principal activities include retail banking, non-retail and commercial banking, global banking, payments, deposits, lending and other financial services. It also participates in vehicle financing through affiliated businesses: WOM Finance focuses on two-wheeler financing, while Maybank Finance provides four-wheeler financing. These activities extend the group’s customer reach beyond conventional branch banking into consumer and automotive credit. Digital distribution has become an important part of the bank’s service model. Maybank Indonesia provides mobile banking, internet banking and Maybank2U, together with other electronic and assisted channels. Its physical infrastructure has historically included conventional branches, sharia branches, mobile cash vehicles and automated teller machines. At 31 December 2019, the bank reported 374 branches, including sharia branches, across Indonesia, one overseas branch in Mumbai, 21 mobile cash vehicles and 1,571 ATMs and cash-deposit machines. Its cards and ATM services were connected to Indonesian networks including ATM PRIMA, ATM BERSAMA, ALTO and CIRRUS, as well as Maybank ATM networks in Singapore, Malaysia and Brunei. At the end of 2019, the institution reported customer deposits of Rp110.6 trillion and total assets of Rp169.1 trillion. These figures describe the bank’s scale at that historical reporting date and should not be treated as current financial results. Overall, Bank Maybank Indonesia combines a long-established Indonesian banking franchise with Maybank Group ownership, a nationwide distribution network, digital services, sharia banking capabilities and related vehicle-finance operations.

Bank Maybank Indonesia traces its origins to 15 May 1959, when Aridi Penjamin and Jap Ing Hoat founded the institution that later became known as Bank Internasional Indonesia. Iskandar Widyadi subsequently became an important figure and owner in the bank’s development. The organization’s modern banking profile took shape as it expanded its products, regulatory permissions and capital-market presence. In 1988, the bank obtained a license to operate as a foreign-exchange bank. This authorization broadened its ability to conduct foreign-currency banking and related international transactions. In 1989, the company listed on both the Jakarta Stock Exchange and the Surabaya Stock Exchange. Those exchanges were later merged into the Indonesia Stock Exchange, making the bank part of Indonesia’s public equity market. A significant ownership transition occurred in August 2005, when the Sinar Mas group became the owner. The bank later operated under Maybank Group ownership and adopted the Bank Maybank Indonesia brand, while retaining its Indonesian corporate identity as PT Bank Maybank Indonesia Tbk. Through this relationship, the institution became part of a wider Southeast Asian financial-services network. The bank’s business has been structured around Community Financial Services, covering retail and non-retail banking, and Global Banking. It has served individual, commercial and corporate customers through deposits, lending, payments and related financial products. The institution has also supported automotive lending through WOM Finance for two-wheelers and Maybank Finance for four-wheelers. Distribution has combined physical banking with electronic services. Maybank Indonesia has developed mobile banking, internet banking and Maybank2U, alongside other delivery channels. Its branch network has included conventional and sharia branches. As of 31 December 2019, the bank reported 374 branches across Indonesia, one overseas branch in Mumbai, 21 mobile cash vehicles and 1,571 ATMs and cash-deposit machines. Its ATM and card infrastructure connected with Indonesian networks such as ATM PRIMA, ATM BERSAMA, ALTO and CIRRUS, and with Maybank machines in Singapore, Malaysia and Brunei. At the end of 2019, the bank reported Rp110.6 trillion in customer deposits and Rp169.1 trillion in assets. These historical figures illustrate the scale of the franchise at that date but do not establish present-day financial performance. The bank’s development therefore reflects the evolution of an Indonesian listed bank from a locally founded institution into a diversified Maybank Group subsidiary with retail, corporate, sharia, digital and vehicle-finance capabilities.

• 2019

  Reported nationwide banking footprint

  [1]Bank Maybank Indonesiaen.wikipedia.org

  At year-end, the bank reported 374 branches, one overseas branch, 21 mobile cash vehicles and 1,571 ATMs and cash-deposit machines.

• 2005

  Sinar Mas ownership

  [1]Bank Maybank Indonesiaen.wikipedia.org

  Sinar Mas group became the owner in August 2005.

• 1989

  Public listings completed

  [1]Bank Maybank Indonesiaen.wikipedia.org

  The company became listed on the Jakarta Stock Exchange and Surabaya Stock Exchange, later consolidated into the Indonesia Stock Exchange.

• 1988

  Foreign-exchange banking license obtained

  [1]Bank Maybank Indonesiaen.wikipedia.org

  The bank received authorization to operate as a foreign-exchange bank.

• 1959

  Bank founded

  [1]Bank Maybank Indonesiaen.wikipedia.org

  Aridi Penjamin and Jap Ing Hoat founded the institution on 15 May 1959.

A Maybank Group banking franchise in Indonesia combining retail, commercial, corporate, global and sharia banking with digital channels and affiliated vehicle-finance businesses.

• Banking

  Retail Banking

  Services for individual customers delivered through branches, ATMs and digital channels. The retail offering forms part of the bank’s Community Financial Services activities and includes deposit, payment, lending and other personal-banking capabilities.

• Business banking

  Commercial and Non-Retail Banking

  Banking services for business and commercial customers, including non-retail financial services, account facilities, payments and credit-related products. The source material identifies this activity as part of Community Financial Services.

• Corporate banking

  Global Banking

  The bank’s corporate and international-facing business serving larger organizations and cross-border financial needs. The activity sits alongside retail and non-retail banking within the institution’s business structure.

• Digital banking

  Maybank2U

  An internet-based Maybank digital-banking channel used by Maybank Indonesia as part of its broader digital service capacity. It complements mobile banking, internet banking and other electronic delivery channels.

• Islamic banking

  Sharia Banking

  Sharia-compliant banking services delivered through dedicated sharia branches within the Indonesian network. The available source identifies these branches but does not specify individual products or launch dates.

• Automotive finance

  WOM Finance

  An affiliated vehicle-finance business associated with Maybank Indonesia and focused on financing for two-wheelers.

• Automotive finance

  Maybank Finance

  An affiliated vehicle-finance business associated with Maybank Indonesia and focused on financing for four-wheelers.

1. 1Bank Maybank Indonesiaen.wikipedia.org