Rp266 trillion
BRIEF HISTORY OF ESTABLISHMENT
CIMB Niaga was established based on Deed of Company Establishment No. 90 made in the presence of Raden Meester Soewandi, Notary in Jakarta dated 26 September 1955 and amended by deed of the same Notary No. 9 dated 4 November 1955. These Deeds of Establishment have been approved by the Minister of Justice of the Republic of Indonesia (now Minister of Justice and Human Rights) with Decision No. J.A.5/110/15 dated 1 December 1955 and published in the State Gazette of the Republic of Indonesia No. 71 dated 4 September 1956, the Official Gazette No. 729/1956.
Based on the Deed No. 38 dated 28 May 2008, made by Dr. Amrul Partomuan Pohan, SH, LLM, the company name was changed from PT Bank Niaga Tbk to PT Bank CIMB Niaga Tbk. The name change was approved by the Minister of Justice and Human Rights of the Republic of Indonesia through its Letter No.
AHU-32968.AH.01.02 2008 dated June 13, 2008 and the Decision of the Governor of Bank Indonesia No.
10/56/KEP.GBI/2008 dated 22 July 2008.
CIMB Niaga has obtained the license as commercial bank, forex bank, and sharia bank, based on Ministry of Finance of the Republic of Indonesia Decision
CIMB Niaga at A Glance
Icon - Plaza CIMB Niaga, Medan
No. 249544/U.M.II dated 11 November 1955, Board of Directors of Bank Indonesia Decision No. 7/116/Kep/
Dir/UD dated 22 November 1974, and Bank Indonesia Governor Decision No. 6/71/KEP.GBI.2004 dated 16 September 2004.
Regarding the approval from Bank Indonesia (now managed by the Finance Services Authority, OJK) on the merger plan of Lippo Bank into Bank CIMB Niaga through the Bank Indonesia Governor Decision No. 10/66/KEP.GBI/2008 dated 15 October 2008 on
“Approval of the Merger of PT Bank Lippo Tbk into PT Bank CIMB Niaga Tbk”, as well as the Ministry of Justice and Human Rights of the Republic of Indonesia Letter No. AHUAH. 01.10-22669 dated 22 October 2008, the merger is in effect since 1 November 2008. The
statement of the effective merger obtained notification from Bapepam-LK (now OJK) through Letter No.
S-4217/BL/2008 dated 30 June 2008. The effective date of the merger with Bank Lippo was as of 1 November 2008 based on Deed No. 9 dated 16 October 2008 made before Notary Dr. Amrul Partomuan Pohan, SH, LLM, Notary in Jakarta.
Since its establishment, CIMB Niaga has therefore undergone four (4) mergers, namely:
• On 22 October 1973 with PT Bank Agung;
• On 30 November 1978 with PT Bank Tabungan Bandung;
• On 17 October 1983 with PT Bank Amerta; and
• On 1 November 2008, with PT Bank Lippo Tbk.
Brief History of Changes in Corporate Name
Date Corporate Name Change Effective Date of Corporate
Name Change Basis of Establishment
26 September 1955 PT Bank Niaga Tbk into
PT Bank CIMB Niaga Tbk 13 June 2008
Ministry of Justice and Human Rights of the Republic of Indonesia Letter No. AHU-32968.AH.01.02 dated
13 June 2008
Bank Indonesia Governor Decision No. 10/56/KEP.
GBI/2008 dated 22 July 2008
Triggered by Bank Indonesia’s policy on single presence, the majority shareholder of Bank Niaga and LippoBank decided to merge as the best option for the interest of all stakeholders. Accordingly, during the Bank’s Extraordinary GMS on 28 May 2008, the EGMS resolved to change of name into PT Bank CIMB Niaga Tbk. With the value and spirit of always thinking and stepping forward as displayed in the logo of CIMB Niaga, the synergy and business combination among Bank Niaga, LippoBank and CIMB Group are expected to provide the best results for a better future.
CIMB NIAGA AT A GLANCE
Established under the name of Bank Niaga, the Bank’s main focus is to build core values and professionalism in the Indonesian banking industry. Over time, Bank Niaga became well-known as a trusted provider of
Bank Niaga became a listed company on Jakarta Stock Exchange and Surabaya Stock Exchange (now the Indonesia Stock Exchange/IDX) in 1989.
In 2002, CIMB Group Holdings Berhad (CIMB Group Holdings) acquired its majority ownership in Bank Niaga from Indonesian Bank Restructuring Agency IBRA). In a separate transaction, Khazanah, the majority shareholder of CIMB Group Holdings Berhad, acquired majority ownership of LippoBank on 30 September 2005. In 2007, the total shareholding was transferred to CIMB Group as part of an internal reorganization to consolidate the activities of all CIMB Group subsidiaries with a universal banking platform.
The majority of CIMB Niaga’s 92.5% shareholding is directly and indirectly owned by CIMB Group Sdn Bhd, which is the fifth largest universal banking group in ASEAN with a wide regional network in Malaysia,
As the controlling shareholder of Bank Niaga (through CIMB Group) and LippoBank, since 2007 Khazanah had been considering merger as a measure to be taken in order to comply with the Single Presence Policy (SPP) policy stipulated by Bank Indonesia. This is the first merger in Indonesia related to SPP policy. In 2008, Bank Niaga changed its name to Bank CIMB Niaga.
This merger was a monumental step in the banking sector in Southeast Asia and provides CIMB Niaga the advantage of connectivity into the ASEAN regional network through CIMB Group. As of the end of 2017, CIMB Niaga is the fifth largest bank in Indonesia with total assets of Rp266 trillion with market capitalization of Rp34 trillion. This achievement has successfully placed CIMB Niaga within the category of BUKU 4 with minimum core capital of Rp30 trillion.
CIMB Niaga provides a wide range of comprehensive and innovative products and services ranging from consumer banking; Micro, Small and Medium (MSME) banking; commercial banking; and corporate banking, supported by Treasury and Transaction Banking capabilities and a powerful network of branchless banking. CIMB Niaga offers commercial and sharia products and services through the CIMB Niaga Sharia Business Unit.
One of the advantages of CIMB Niaga is its Transaction Banking capability, which offers a variety of products and services as well as comprehensive solutions for companies to manage their domestic and cross border financial operations and transactions. Those solutions include Cash Management, Remittance, Trade Finance and Value Chain. With internet banking features such as BizChannel@CIMB for the corporate market, corporate customers are provided with convenient access to process a wide variety of payment transactions and also purchase foreign currency online, without having to go to a CIMB Niaga branch office. These capabilities led CIMB Niaga to win several prestigious awards in the field of transaction banking and FX, as the best cash management bank, best trade finance bank and the Leading FX Provider in Indonesia.
CIMB Niaga’s Cash Management is capable of delivering innovative products and services that meet the needs of its customers with the support of strong IT infrastructure to maintain excellent security, stability and service levels for our customers. CIMB Niaga Trade Finance is supported by trade desks throughout Indonesia in order to reach all of our customers. With the support of CIMB Group, trade finance services are also capable of providing competitive services and gaining its very strong position in ASEAN.
In the remittance business, CIMB Niaga services can be accessed through 542 branch offices and also through branchless banking. Through collaboration with many local and foreign financial institutions, CIMB Niaga’s cross-border remittance service provides more than 130 foreign currencies with same-day service capability for several major currencies, and is also supported by competitive rates and dedicated client service.
Throughout 2017, CIMB Niaga continues to develop branchless banking by optimizing the utilization of cutting-edge technology with emphasis on the customer experience as a differentiator, this is done to realize the vision of making CIMB Niaga a leader in digital banking services. Thus, CIMB Niaga bank has become one of the most complete banks in providing digital banking services for customers in the national banking industry
Branchless banking services currently available include Phone Banking service 14041, Preferred Phone Banking 1 500 800, Go Mobile banking, CIMB Clicks internet banking, Digital Lounge and Mobile Account (Rekening Ponsel). Mobile Account is an innovative service that allows customers to transfer to a mobile number without having a bank account. CIMB Niaga is the first bank in Indonesia to have such a product and service.