PT Bank Pan Indonesia Tbk.

PT Bank Pan Indonesia Tbk. is an Indonesian commercial bank that does business under the name PaninBank. Headquartered in Jakarta, the bank was established on 17 August 1971 through the merger of Bank Kemakmuran, Bank Industri Djaja Indonesia, and Bank Industri dan Dagang Indonesia. It became a foreign-exchange bank in 1972 and subsequently expanded through additional mergers and partnerships. PaninBank has a long history in Indonesia’s banking sector. It became the first bank to list on the Jakarta Stock Exchange in 1982. Its later development included international and domestic financial collaborations, including partnerships involving Credit Lyonnais, Overseas Trust Bank, Westpac Banking Corporation, and Bank Mandiri. The bank’s history also includes credit-card co-branding and participation in shared payment and ATM networks. As reported for the end of 2021, its Indonesian network comprised one head office, 57 main branch offices, and 455 sub-branch offices, alongside a representative office in Singapore. The supplied evidence identifies it as one of Indonesia’s major commercial banks. The evidence does not specify its current ownership structure, named executives, or a detailed catalogue of present-day products.

PT Bank Pan Indonesia Tbk., known in business as PaninBank, was established on 17 August 1971 through a merger of Bank Kemakmuran, Bank Industri Djaja Indonesia, and Bank Industri dan Dagang Indonesia. The following year it received authorization to operate as a foreign-exchange bank. In 1973, it took part in the formation of Private Development Finance Company of Indonesia Ltd and Mutual International Finance Corporation Ltd. Further mergers followed: Bank Lingga Harta joined in 1974, and Bank Pembangunan Ekonomi and Bank Pembangunan Sulawesi joined in 1975. In 1978, the bank received technical assistance from France’s Credit Lyonnais. It inaugurated a new head-office building in Senayan, Jakarta, in 1980. A notable milestone came in 1982, when PaninBank became the first bank listed on the Jakarta Stock Exchange. It later established the leasing business Clipan Leasing in cooperation with Credit Lyonnais and Overseas Trust Bank. In 1986 it entered an AMEX Gold Card co-branding arrangement. In 1989 it obtained funding from outside Indonesia for the first time, through cooperation with ASEAN Finance Corporation Ltd. In 1990 it established Westpac PaninBank together with Australia’s Westpac Banking Corporation. After the 1997 Asian financial crisis, the bank was placed in category ‘A’ and therefore did not need to participate in the government recapitalization program, according to the supplied account. In 2016, it joined the PRIMA ATM network and signed a co-branding agreement with BCA Flazz. In 2017, it signed a strategic agreement with Bank Mandiri concerning electronic money. In May 2022, it donated Rp 300 billion to Yayasan Satria Budi Dharma Setia for the construction of the Indonesian Human Genome Data Bank. The supplied source describes a nationwide Indonesian branch network and a representative office in Singapore as of the end of 2021. It reports one head office, 57 main branch offices, and 455 sub-branch offices. The available evidence does not establish the bank’s founders as individuals, its current ownership structure, or subsequent leadership and corporate changes.

• Established through a merger of three banks

• Authorized to operate as a foreign-exchange bank

• Participated in the formation of two finance companies

• Bank Lingga Harta merged into the bank

• Bank Pembangunan Ekonomi and Bank Pembangunan Sulawesi merged into the bank

• Received technical assistance from Credit Lyonnais

• Inaugurated a new head-office building in Senayan, Jakarta

• Became the first bank listed on the Jakarta Stock Exchange

• Entered an AMEX Gold Card co-branding arrangement

• Obtained its first funding from outside Indonesia through a partnership with ASEAN Finance Corporation Ltd

• Established Westpac PaninBank with Westpac Banking Corporation

• After the Asian financial crisis, was categorized as ‘A’ and did not need to join the government recapitalization program

• Joined the PRIMA ATM network and signed a co-branding agreement with BCA Flazz

• Signed a strategic electronic-money agreement with Bank Mandiri

• Donated Rp 300 billion for the Indonesian Human Genome Data Bank

A major Indonesian commercial bank with an extensive domestic branch network and a history of participation in local and international financial partnerships.

• Banking services

  The supplied evidence identifies PaninBank as a commercial bank but does not provide a detailed current product list.

1. 1Bank Panin (Wikidata)wikidata.org
2. 2Bank Panin (Indonesian Wikipedia)id.wikipedia.org
3. 3PaninBank official websitepanin.co.id