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bank bjb milestone

PT Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk. (hereinafter referred to as “bank bjb” or Company) was established based on the Government Regulation No. 33 of 1960 on the determination of Dutch-owned companies in Indonesia which are subject to nationalization. One of the Dutch-owned companies in Bandung, which was N.V Denis (De Eerste Nederlandsche Indische Shareholding), was subject to this provision and directed to Level I Region of West Java Local Government. The Bank started its commercial operations on 20 May 1961.

As a follow up to Government Regulation No. 33 of 1960, Level I Region of West Java Local Government established Bank Karya Pembangunan with Noezar Notarial Deed No. 152 dated 21 March 1961 and No. 184 dated 13 May 1961 which was then confirmed by Governor Decree of West Java Province No. 7/ GKDN/BPD/61 dated 20 May 1961 under the name of PT. Bank Karya Pembangunan Daerah Djawa Barat. Based on West Java Provincial Regulation No. 11/PD/DPRD/72 dated 27 June 1972, the legal position of PT. Bank Karya Pembangunan Daerah Djawa Barat was changed to PD. Bank Karja Pembangunan Daerah Jawa Barat. The name PD. Bank Karja Pembangunan Daerah Jawa Barat was then changed to BPD Jabar according to Local Regulation of West Java Province No. 1/DP-040/PD/1978 dated 27 June 1978. In 1992, in line with Bank Indonesia decree No. 25/84/KEP/DIR dated 2 November 1992, BPD Jabar stated has increased to become foreign exchange bank. Based on Local Regulation Number 11 of 1995, BPD Jabar had a call name Bank Jabar with new logo.

Based on Level I Region of West Java Local Regulation No. 22 of 1998 dated 14 December 1998 on Changes of Legal Entity of Bank Pembangunan Daerah Jawa Barat from Regional-owned Company (PD) to Limited Liability Company (PT). The local regulation was further stated in Deed of Establishment No. 4 dated 8 April 1999 in conjunction with Deed of Amendment No. 8 dated 15 April 1999, both made before Popy Kuntari Sutresna, S.H., Notary in Bandung, which was ratified by the Minister of Justice RI based on Decree No. C2-7310.HT.01.01.TH.99 dated 16 April 1999, registered at the Company Register at Company Registration Office of Bandung Regency/Municipality with No. 871/BH.10.11/IV/99 dated 24 April 1999, and was announced in State Gazette of the Republic of Indonesia No. 39 dated 14 May 1999, Supplement No. 2811, and the legal entity of Bank Jabar was changed from Regional-owned Company (PD) to Limited Liability Company (PT).

To meet people’s increasing demand on sharia-based banking services, in line with BI license No. 2/18/ DPG/DPIP dated 12 April 2000, on 15 April 2000 Bank Jabar became the first BPD in Indonesia running dual banking system, which were conventional system and sharia system banking services.

Based on General Meeting of Shareholders (GMS) dated 16 April 2001, the authorized capital of Bank Jabar was approved to be increased to Rp1 trillion. Furthermore, based on resolution of GMS that was held on 14 April 2004, based on Deed No. 10 dated 14 April 2004, the authorized capital of Bank Jabar was increased from Rp1 trillion to Rp2 trillion. In view of the continuous improvement in business prospects, GMS resolution on 5 April 2006 determined an increase of Bank Jabar’s authorized capital from Rp2 trillion to Rp4 trillion.

In November 2007, as a follow up of Decree of Bank Indonesia Governor No. 9/63/kep.gbi/2007 on Changes of Business License for PT. Bank Pembangunan Daerah Jawa Barat to become Business License for PT. Bank Pembangunan Daerah Jawa Barat dan Banten, the call name “Bank Jabar” was changed to “Bank Jabar Banten”.

In connection with sharia banking business activities, Bank Jabar Banten spin off the sharia business unit into a sharia bank under the name of PT. Bank Jabar Banten Syariah. Based on Deed of Establishment of Limited Liability Company, PT. Bank Jabar Banten Syariah No. 4 dated 15 January 2010, made before Fathiah Helmi, S.H., Notary in Jakarta, Bank Jabar Banten had participation of 1,980,000,000 (one billion nine hundred eighty million) shares, which were 99% (ninety nine percent) of the total issued and fully paid shares in the Subsidiary. Bank Jabar Banten Syariah obtained its business license from Bank Indonesia in accordance with the Decree of Bank Indonesia Governor No. 12/35/KEP.GBI/2010 dated 30 April 2010 on Granting Business License of PT Bank Jabar Banten Syariah.

In line with the wider expansion of office network, based on the Resolution of Extraordinary General Meeting of Shareholders of PT. Bank Pembangunan Jawa Barat dan Banten Number 26 dated 21 April 2010 and in accordance with Bank Indonesia Letter No. 12/78/APBU/Bd dated 30 June 2010 on Plan to Change Bank Logo and Decree No. 1337/SK/DI(R-PPN)/2010 dated 5 July 2010 on Logo Changes and Call Name as well as applying Brand Identity Guidelines, on 8 August 2010 the name “Bank Jabar Banten” was officially changed to “bank bjb”.

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