To become the foremost bank in financing
of small and medium business,
and a trustworthy partner
in the development of
businesses.
Company Mission
To
enter into cooperation
arrangements with
financial institution
with a view to broadening the
Bank's customer
base in the small
and medium
bussines sector;
To
expand branch network
focusing on areas where small and micro Bussines (or Micro,
Small and Medium
Enterprises) or UKM
are concentrated;
To
enhance Information
Technology and Human Resources qualities with the
aim of giving better services to customers;
To
incorporate into
Bank's corporate
culture, Risks Management
System that is in line with
the Principles
of Prudential
Banking
and Good Corporate
Governance
A Glance at Bank Sinarmas
Getting closer to customer and providing premier services
In 2005 Sinarmas Group through its subsidiary in financial services divission PT. Sinarmas Multiartha, Tbk, equired PT.Bank Shinta Indonesia which was set up in 1989 and begin comercial operation from March 1990. The Banks name was changed to Bank Sinarmas ("Bank") with effect from Desember 20, 2006, the date of concent of the Indonesia minister of laws and human rights.
As a privately owned company, the bank has consistantly increased in market share in the challenging in growing market in the country. Efforts and inisiatives needed to meet the needs of our customer and comunities, and couraging bussines activity in financing micro, small and medium have been developed into commercial and consumer financing.
After three (3) years, Bank Sinarmas gained the support from customers so that it could grow significantly. This can be seen from the achievement of total assets, network offices, ATM, various product and development of information technology to support bank's business activities.
After the acquisition in 2005, the bank's total assets increased sharply from IDR 739 billion as of December 2005 to IDR 6.1 trilion as of December 2008, representing a growth rate of 725%. The expansion of branch office network and equity increase has also contributed to the fast assets growth.
The expansion of branch network representing the realization of one of the bank's commitment to getting closer to customer and providing premier services. The total numbar of branch offices increased from 15 in 2005 to 78 as of December 2008 which operate across all over the country's provinces and are connected on a real time on-line basis.
The present and future demand for the introduction of sophiscated information technology has been a challenge for the bank to offer the customer best service. For this reason, the bank has since 2007 deployed phone banking, internet banking and automatic teller machines (ATM), all of which operate without limitations.
The bank has been growing in a sustainable manner on the basis of high degree of spirit and commitment on the part of its shareholders, management and employees, to improve customer service to its highest degree coupled with a sound financial structure so that the Bank Sinarmas will become the most thrusted bank.
History
Established in 1989 as recorded in deed No.52 dated 18 August, 1989 drawn up by Buniarti Tjandra, SH., Public Notary in Jakarta, and further amended by deed no 44 dated 27 August, 1998 drawn up by Djedjem Widjaja, SH., MH., Notary Public in Jakarta and legalized by The Minister of Justice of the Republic of Indonesia as substantiated in decree no.C2-27970.HT.01.04.Th. 98 dated 14 December, 1998 and recorded in Governments Documents Republic Indonesia dated 21 June, 2005 no. 49 with additional no 6449/2005.
Bank Status
Foreign Exchange Bank
Capital (*)
Authorized Capital
:
Rp.500
billion
Paid-up Capital in Full
:
Rp.425
billion
(*) Starting in january 2009, the articles of Associatio have been amended so that Authorized Capital amouted
to IDR 2 trillion and Paid-Up Capital in Full amounted to IDR 525 billion
Milestones up to the year 2008
1989
Bank Sinarmas established
1993
Established Bandung office
1994
Appointed as Tax Collection Bank by Minister of Finance
1995
Obtained Foreign Exchange Bank Status
1996
Established Surabaya Office
1998
Increase pain in capital to IDR 50 billion
2005
PT. Sinar Mas Multiartha Tbk and
PT Shinta Utama became major shareholders, bringing with them their goals in making the Bank into one of the best professional banks inthe region.
Increase in the number of members of the Board of Commissioners from one (1) to (3).
Change of Bank logo
Increase paid in capital to IDR 65 billion.
2006
Relocation of the head office from 38 Jl. Hasyim Ashari, Central Jakarta, to Sinarmas Building 51, Jl.MH Thamrin, Central Jakarta
Increase the number of members of the Board of Directors from two (2) to four (4)
Increase the authorizhed capital from IDR 200 billion to IDR 500 billion
Increase paid in capital to IDR 125 billion
Opening of ten (10) new branch office situated in Medan, Jambi, Pekan baru, Yogyakarta, Semarang, Cirebon, Makasar, Menado, Bumi Serpong Damai and Denpasar
Relocation of the Bandung
branch office from Jl. Naripan
No. 11-19, Bandung to Jl. Abdul Rivai No. 2, Bandung
The approval from Minister of Law and Human Rights about change of name from PT Bank Shinta Indonesia to
PT Bank Sinarmas
2007
Increase paid in capital to IDR. 275 billion
Opening of 40 new branch offices
Relocation of Mangga Dua, Pekan Baru and Denpasar branch offices.
Change in the composition and addition of one (1) member of the Board of Directors from four (4) to five (5)
Changes in the composition of the Board of Commissioners
Awarded by the Info Bank magazine of the citation "Excellent" for its financial performance for 2006
Installation of 88 ATM's at all branch offices
Launches of Internet Banking and Electronic Banking
Deployment of TEMENOS banking system in place of IBS such that the Bank's activities are integrated on a real time on-line basis at all its branch offices
Organization of cooking oil bazaars for the opening of each ne branch office
2008
Increased paid-up capital to IDR 425 billion
Opening of 22 new branch offices
Relocation of Malang, Jambi, Kali Deres, and Gunung Sahari branch offices
Intallation of 61 ATMs at all branch offices
"All staff and management of Sinarmas Bank have the same vision and commitment
to become the best partner to customers."
