Jakarta, December 3, 2024 – PT Bank SMBC Indonesia Tbk (SMBC Indonesia) has formally adopted its new name, SMBC Indonesia, as approved by the Extraordinary General Meeting of Shareholders (EGMS) in August.

Since its founding in 1958, SMBC Indonesia has been dedicated to serving the Indonesian community for 66 years, evolving into a trusted partner in financial solutions for diverse customers. Harnessing SMBC’s global reputation and extensive network alongside Bank BTPN’s local excellence, SMBC Indonesia aims to build strong collaboration, drive national economic growth, and deliver innovative financial services that benefit society.

"This name change marks a significant milestone in our decades-long service to customers and our five-year journey with Sumitomo Mitsui Banking Corporation Indonesia. Through the spirit of #BersamaLebihBermakna, this transformation reinforces our commitment to being a trusted enabler of financial solutions," said Henoch Munandar, President Director of SMBC Indonesia.

“By blending global expertise with local excellence, we deliver comprehensive and innovative financial solutions tailored to the diverse needs of customers across broader segments. We are confident that our collaborative spirit will help us create a more meaningful and prosperous life for the people of Indonesia,” he added.

Meanwhile, Akihiro Fukutome, President and CEO of Sumitomo Mitsui Banking Corporation (SMBC), said, "With the great support by all of our stakeholders, we could achieve the historical milestone. This rebranding demonstrates SMBC’s strong commitment to our Indonesian business. We will continue to expand our Indonesian business by making full use of our global network and product capabilities."

Commitment to Delivering Financial Services and Solutions to Broader Customer Segments

The transformation from Bank BTPN to SMBC Indonesia reflects a strategic initiative to adapt to dynamic market conditions and strengthen its position in the banking industry. Aiming to remain responsive to ever-evolving customer needs, SMBC Indonesia offers comprehensive financial solutions tailored for diverse customer segments.

For retail customers, SMBC Indonesia provides services such as digital banking, lending, auto finance, and wealth management. On the corporate side, it offers corporate banking and corporate wholesale banking solutions. Additionally, the bank is deeply committed to supporting pensioners and empowering micro, small, and medium enterprises (MSMEs).

In March 2024, SMBC Indonesia acquired a 51% stake in PT Oto Multiartha and PT Summit Oto Finance (OTO Group), demonstrating its commitment to expanding customer reach. This strategic move enables the bank to offer auto-financing solutions for both motorcycles and four-wheeled vehicles, implement joint financing initiatives, and extend its ecosystem through an extensive branch network in Indonesia. Additionally, the acquisition emphasizes human resource development through collaborative training programs.

Dedicated to Delivering Meaningful and Sustainable Impacts

As a driving force for positive, sustainable change, SMBC Indonesia actively supports empowerment initiatives. These include providing green financing for eco-friendly infrastructure and aligning with the government’s target of reaching net zero emissions by 2060. Through the Daya program, SMBC Indonesia also empowers communities by prioritizing four pillars: competence development, financial literacy, capacity to grow for business, and sustainable living.

SMBC Indonesia actively collaborates with partners, delivering impactful initiatives across various sectors. One such partnership is with the Djarum Foundation, a long-standing partner of SMBC Indonesia since 2015. Together, their initiatives focus on empowering communities in education by funding vocational schools. Between 2021 and 2023, this collaboration has positively impacted more than 2,300 students.

In collaboration with IPB Business School, SMBC Indonesia develops entrepreneurship curricula and training programs designed for MSMEs and retirees. The program also offers scholarships for outstanding students. This program aims to enhance business capacity and understanding of best practices, paving the way for a brighter future.

Furthermore, SMBC Indonesia is committed to delivering comprehensive financial education by partnering with Ari Handojo, a seasoned business expert and CEO of Integrated Training Solutions Coaching & Training Company (INTRAS). This partnership provides tailored training programs on diverse topics. Ari’s exceptional expertise has earned him recognition as a Daya consultant, enabling him to make a positive impact on more than 500 SMBC Indonesia employees and customers.

In collaboration with the Indonesian Doctors Association (IDI), SMBC Indonesia has also facilitated access to comprehensive healthcare services for nearly 70,000 pensioners. This proactive initiative includes offline clinics, teleconsultations, and online health seminars, ensuring  pensioners have access to reliable health information, promoting a healthier and more sustainable lifestyle.

During the brand transformation reception that SMBC Indonesia is holding today, the bank also offers a token of appreciation to its valued partners representing the four pillars of Daya, namely the Djarum Foundation, Ari Handojo, IPB Business School, and IDI, for their shared efforts in driving meaningful impacts for the community.

“The Daya program demonstrates our commitment to creating meaningful change through collaboration. With over 8.75 million beneficiaries from 7,659 activities per September 2024, Daya continues its significant impacts. Our vision is to expand our influence and collaboration across diverse sectors and public segments, aiming  to benefit even more communities and improve livelihoods,” Henoch concluded.

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