Jakarta, 1 February 2019 – Today, PT Bank SMBC Indonesia Tbk (Bank SMBCI) officially commences its operation as a new bank as a result from the merger between PT Bank Tabungan Pensiunan Nasional Tbk (SMBCI) and PT Bank Sumitomo Mitsui Indonesia (SMBCI). Bank SMBCI will become a universal bank that serves a full spectrum of Indonesia’s customer segments, from the mass market (retail) to corporate.
“The new-merged bank is an ideal combination between SMBCI which focused on the mass market segment and small medium enterprises (SME) and SMBCI that focused in the corporate segment. Each of the banks has different yet complimentary business segments and model,” said Ongki Wanadjati Dana, Bank SMBCI President Director.
Bank SMBCI has a vision to be Indonesia’s most preferred bank which makes a meaningful difference in the lives of millions powered by technology. Bank SMBCI is believed to be a larger and stronger bank that will contribute more to the country’s economy.
Having assets of Rp 189,92 trillion (pro forma as of December 2018), Bank SMBCI becomes one of the top 10 largest banks in Indonesia in terms of assets. “Leveraging the SMBC’s global support and digital banking technology, Bank SMBCI has the capabilities and opportunities to provide lending to a wider industry segments and more focused services to our customers,” Ongki explained.
There are three main strategic focus of Bank SMBCI after the merger. First, ensuring a smooth integration and synergy of processes between both banks.
Secondly, focusing on the development of the existing core businesses that has been established in both banks. “We will continue to develop our pension business, micro, small and medium enterprises business, funding business, digital banking business through SMBCI Wow! and Jenius, as well as corporate business owned by SMBCI before,” Ongki explained.
Using its experience in developing and launching new businesses, Bank SMBCI has the potential to develop untouched market segments, including the mid-size corporate and large SME segment (commercial), as well as expanding the scope of its retail business.
Thirdly, as a pioneer in the digital banking, Bank SMBCI will continue our digital innovation and transformation. Innovation is carried out by increasing the business scale of SMBCI Wow! and Jenius as platforms to serve a wider customer segment. While the transformation is carried in the digitalization of the pension, micro and SME business to increase the productivity and competitiveness.
“This is the start of Bank SMBCI’s journey to be a larger and stronger bank. We believe Bank SMBCI will be able to be Indonesia’s most preferred bank which empower millions of people in Indonesia towards greater significance,” Ongki closed in a statement.
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