In 2004, we acquired a 22.5% stake in PT Bank NISP Tbk (“Bank NISP”), our joint-venture partner in PT OCBC Indonesia since 1996. Bank NISP’s business focus complements OCBC Bank’s strengths and target growth segments in the SME and consumer banking business.

With the completion of this transaction, Bank NISP became an associate company of OCBC Bank. Bank NISP was ranked the 12th largest Indonesian bank by assets and had a network of 135 branches and offices.

In 2008, Bank NISP was renamed Bank OCBC NISP to reflect both our close ties and to acknowledge the trust and support shown by OCBC Bank as the major shareholder.

By that point, Bank OCBC NISP’s network had expanded to over 330 branches and offices.

We acquired an 80% shareholding in stockbroking firm, PT TransAsia Securities, in November 2012, renaming the subsidiary to OCBC Sekuritas a month later. In December 2014, we increased our shareholding in OCBC Sekuritas to 95.1%.  Apart from its head office in Jakarta, OCBC Sekuritas has another branch in Surabaya.  Taken together, the capabilities of our subsidiaries - OCBC NISP and OCBC Sekuritas - translate into a fuller suite of services that we are  able to offer both individual and corporate clients in Indonesia – from consumer and SME banking, to securities services and debt and equity financing.