Profil Bank Sinarmas

Bank Sinarmas at a Glance

PT. Bank Sinarmas Tbk. ("Bank Sinarmas" or "the Bank") was established on August 18, 1989, based on Deed of Establishment No. 52 dated August 18, 1989, made before Buniarti Tjandra, S.H., Notary in Jakarta, under the name PT Bank Shinta Indonesia, and was later amended with Deed No. 91 dated September 15, 1989, by the same notary.

The Bank obtained the status of a foreign exchange commercial bank in 1995. The Bank entered a new chapter when PT Sinar Mas Multiartha Tbk., a financial services company under the Sinar Mas Group, acquired 21% of the shares in PT Bank Shinta Indonesia in 2005.

In December 2006, the Bank changed its name to PT Bank Sinarmas. This name change was approved through an Extraordinary General Meeting of Shareholders as stated in Deed No. 1 dated November 21, 2006, by Triphosa Lily Ekadewi, S.H., Notary in Jakarta.

As part of its expansion strategy, the Bank obtained permission to establish a Sharia Business Unit (UUS) in 2009 based on the Deputy Governor of Bank Indonesia's Decision No. 11/13/KEP.Dpg/2009. In the same year, the Bank also obtained permission from Bapepam (now OJK) to conduct business activities as a Trustee.

On December 13, 2010, Bank Sinarmas officially became a public company by conducting an Initial Public Offering (IPO) with a capital structure of IDR 728 billion and issuing Series I Warrants. Since the IPO, the Bank has carried out several corporate actions to strengthen its capital structure, including:

• In 2012, the Bank conducted a Limited Public Offering I by issuing Series II Warrants
• In 2014, the Bank carried out a Capital Increase Without Preemptive Rights (PMTHMETD)
• In 2016, the Bank carried out a Limited Public Offering II by issuing Series III Warrants
• In 2022, the Bank conducted a Continuous Offering of Subordinated Bonds Series I

Bank Sinarmas continues to advance towards becoming a Payment & Transaction Bank with the most complete and integrated distribution network, providing innovative financial services, and supporting financial inclusion in Indonesia through various digital banking products and services. With the support of a growing network of branch offices, ATMs, and digital banking services, Bank Sinarmas is committed to providing fast, secure, and easily accessible financial solutions for customers across Indonesia.

Vision, Mission, and Work Ethics of Bank Sinarmas

Vision

“To become a leading Bank in Indonesia with an integrated distribution network and prime services”.

Mission

1. Build excellent financial services to meet the financial needs of the community.
2. Increasing the capability of Information Technology and Human Resources in order to give the best service through a complete payment system.
3. Civilizing the Risk Management System based on the principles of carefulness and Good Corporate Government (GCG).

Long-Term Objectives of Bank Sinarmas

"To Become Payment & Transaction Bank with the most complete and integrated distribution network"

Work Ethics

The work ethics are created from the noble values of Sinar Mas. There are 5 work ethics applied, namely:

• Agile

  Able to positioning itself, adapted, and open to the velocity of business development, always operates although slowly but not idle "Bu Pa Man, Zhi Pa Zhan" means that we are not idle and do not do nothing, we are demanded to be faster, responsive, and continue to step in every situation in order that we are able to survive amid the tight competition.
  Behavior: Agile, Open and Smart

• Networking Internationally

  Always build internal, external, or global relationships to support the performance in the business field.
  Behavior: Proactive, Responsive and Brave

• Constantly Learning

  Develop ideas and knowledge as well as innovate to improve the added value continuously.
  Behavior: Creative, Innovative and Able to Give Solution

• Reliable

  Committed to work sincerely, therefore, it grows good belief and think based on reliability.
  Behavior: Competent, Capable and Honest

• Let’s Work Together

  Work together to attain the Bank's goals based on the attitude of care and ("respect") in order that Bank is healthy, strong, profitable, and able to reach our collective dreams.
  Behavior: Able to Work Together, Respect Each Other

Legality of Bank Sinarmas

© 2018 PT. Bank Sinarmas Tbk.