PT Bank OCBC NISP Tbk (formerly Bank NISP) is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned by Singaporean banking and financial group, OCBC Bank, which holds 85.1% of shares. OCBC NISP is Indonesia's 8th largest bank by assets and has 337 branches and offices and 780 ATMs located across the country. Established in 1941, the bank was founded as NV Nederlandsch Indische Spaar en Deposito Bank ("Netherlands Indies Savings and Deposito Bank") in Bandung, then Dutch East Indies. The bank was one of the largest savings bank at the time of establishment and in 1967, it became a commercial bank providing corporate banking services as well. In 1981, the bank was then renamed to PT Bank Nilai Inti Sari Penyimpan (Bank NISP). It was among the first banks in Indonesia selected to channel government subsidized credits, to participate in government saving programs, and to issue bank guarantees for government projects. In 1972, Bank NISP entered into a joint agreement with Daiwa Perdania Bank, a joint venture between Daiwa Bank of Japan and Indonesian partners. Bank NISP later became a shareholder of Daiwa Perdania Bank. The bank subsequently became a licensed foreign exchange bank in 1990, and a publicly listed bank on the Indonesian Stock Exchange in 1994. More information...
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