History

The savings bank NV Nederlandsch Indische Spaar En Deposito Bank (NISP) is founded

NV Nederlandsch Indische Spaar En Deposito Bank,Bank OCBC NISP (previously known as Bank NISP) or further mentioned as “Bank” is the fourth oldest bank in Indonesia. Etablished on April 4, 1941 in Bandung under the name of. NV Nederlandsch Indische Spaar En Deposito Bank.

1941

The abbreviation NISP stands for Nilai Inti Sari Penyimpan

In 1958, the Bank refined its identity by defining the meaning of the abbreviation NISP as Nilai Inti Sari Penyimpan.

1958

Weathered the storm of economic and political crisis and rose to Commercial Bank status

Despite the Indonesia’s tempestuous economic condition at that time, the Bank has managed to grow and was able to overcome several crisis such as ‘sanering’ in 1965. In 1967, the Bank raised their status of operation from saving bank into commercial bank

1967

NISP is no longer an abbreviation but the name of the bank, Bank NISP

In 1981, NISP was no longer used as an abbreviation, but instead was designated as the Bank's official name: Bank NISP. This change marked a significant phase in strengthening the Bank's corporate identity and commitment to continued growth.

1981

Become a Foreign Exchange Bank & trusted by the international institution Netherlands Development Finance Company (FMO) for SME financing

The raising status was supported by the success of the company to keep growing amid the unprecedented economic and political conditions. In line with that achievement, the Bank has raised its status to a foreign exchange bank. Since its establishment, the Bank has been upholding
prudence principle and focusing on serving the Small and Medium Enterprises (SME)

1990

New logo and listed on the stock exchange

1994 marked a significant milestone for the Bank, with the launch of a new visual identity reflecting the spirit of renewal. That same year, the Bank was officially listed on the Indonesia Stock Exchange, opening broader access to funding sources and strengthening transparency and corporate governance.

1994

Trusted by IFC to channel long-term funds

In 1997, OCBC Bank – Singapore selected Bank NISP to become a local partner in the establishment of Bank OCBC NISP (later renamed as OCBC Indonesia).

1997

Getting through the crisis period without the support of government's recapitulation program.

In the midst of the financial crisis that rocked the country, the Bank managed to maintain its operations without participating in the government's recapitalization program.

1998

OCBC Bank - Singapore Became Major Shareholder

OCBC Bank – Singapore raised its shares through acquisitions and tender offer to become majority shareholder since 2005. As part of its long-term strategies and to increase the brand as well as the support of the controlling shareholder, Bank NISP adopted a new name and logo of “Bank OCBC NISP”, followed by cultural reinforcement and basic policy implementation within the organization.

2005

Established Unit Usaha Syariah

Established on October 12, 2009, OCBC Syariah is part of the Bank. Specifically, it provides various investment and wealth management solutions based on Sharia principles for both individual and non-individual OCBC customers.

2009

Merger of Bank OCBC NISP with Bank OCBC Indonesia

In 2011, Bank OCBC NISP completed its merger with Bank OCBC Indonesia, resulting in a single entity and franchise for the OCBC Group in Indonesia, namely PT Bank OCBC NISP Tbk.

2011

OCBC Private Banking

OCBC Private Banking is supported by OCBC Group regional connectivity across Indonesia, ASEAN, and Greater China, ensures customer's hard work becomes a legacy for your next generation.

2017

Pioneer of Sustainable Financing

Becoming the first bank in Indonesia to provide Green Financing from the International Finance Corporation (IFC), World Bank

2018

Established OCBC Ventura

OCBC Ventura is a venture capital arm and part of the OCBC group that consistently provides incubation and partnership programs that combine the agility of startup companies with an extensive banking network.

2019

Launched Financial Fitness Gym

Financial Fitness Gym is a branch office designed not only for day-to-day banking transactions, but also an experience education centre where people can learn more about financial fitness, drawing from its similarities to physical fitness.

2021

Launched custodian banking services

Services to safekeep and administer securities. Consists of Custody Services, a general custodian service for the safekeeping of clients' securities portfolios, and Fund Services, an administration service for investment products such as mutual funds and other managed products.

2022

Update of the name and logo of Bank OCBC NISP to “OCBC”

Bank unveiled ‘OCBC’ as a new brand name and logo, effective November 14, 2023. The change of this brand name will not affect its legal name, which remains as PT Bank OCBC NISP Tbk

2023

Merger of PT Bank Commonwealth to become part of PT Bank OCBC NISP Tbk (OCBC)

The merger of PT Bank Commonwealth to become part of PT Bank OCBC NISP Tbk (OCBC) has obtained approval from Financial Services Authority (OJK) and has fulfilled applicable Indonesian legal requirements. With this approval, as of September 1, 2024, the merger between the two entities has been effective, and both banks have now unified under the entity of PT Bank OCBC NISP Tbk.

2024

Controlling Shareholder's Profile: OCBC Bank

Since 2005, OCBC Overseas Investments Pte. Ltd. has become the majority shareholder, with ownership at the end of 2019 of 85.1%. Recognized for its financial strength and stability, as the controlling shareholder, OCBC Bank always provides full support to Bank OCBC for its commercial banking services.