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PaninBank at Glance

PT Bank Pan Indonesia Tbk, or Panin Bank, was established as a result of the merger of 3 banks, Bank Kemakmuran, Bank Industri Djaja, and Bank Industri dan Dagang Indonesia, back in 1971. The establishment was carried out with Deed No. 85 August 17, 1972 by Julian Nimrod Siregar gelar Mangaradja Namora S.H., a Notary in Jakarta.

Throughout the course of its history, PaninBank merged with 4 other private banks, PT Bank Lingga Harta, Bank Abadi Djaja, Bank Pembangunan Ekonomi and Bank Pembangunan Sulawesi. To enhance its operations PaninBank cooperates with international banks, such as, the French Credit Lyonnais, Dai-Ichi Kangyo Bank, Westpac Banking Corporation Australia which was taken over by ANZ Banking Group Australia.

The year 1982 saw a milestone in PaninBank’s history, since it was during that year that the Bank made an initial public offering on the Indonesia Stock Exchange. This corporate action made PaninBank the first private bank in Indonesia to be listed on the Jakarta stock exchange under Code PNBN. PaninBank managed to maintain its growth even during the worst economic situations of 1998 economic crisis. PaninBank was the only bank among the top 10 banks in Indonesia given the category “A”. Hence did not require a bailout under the government’s recapitalization program. Post crises Moody’s Investor Services named the Bank as the Best Bank in the domestic Banking Industry in 2001.

PaninBank believes the need to forge a corporate culture and work ethics which is concluded as I CARE (Integrity, Collaboration, Accountability Respect and Excellence). The Bank believes adhering to these values, it will achieve its vision and mission as the leading commercial bank with sustainable financial results.