About P.T. Bank Pan Indonesia Tbk

P.T. Bank Pan Indonesia Tbk (PaninBank) provides various banking products and services. The bank is domiciled in Jakarta and has main branch offices in Indonesia and representative office in Singapore. The company operates through Banking and Multi-finance segments. Banking sector includes conventional commercial bank and sharia commercial bank. PaninBank carries out the financial intermediation function optimally through main business activities of collecting deposits/funds and loans distribution, as well as offering foreign exchange services. The bank offers loans products, including corporate banking, commercial banking, Retail Banking (mortgages, Credit Card, and Personal Loan) for small and medium businesses, as well as individuals. PaninBank individually operates throughout Indonesia with office networks. The geographical segments are divided into 8 regions. The company reports its segments according to the following business activities: Banking and Finance Companies. The banking sector includes conventional commercial banks and sharia commercial banks. The conventional commercial bank business activities conducted by PaninBank include consumer banking, commercial banking, corporate banking, Institutional Banking & BUMN, and Treasury. Sharia commercial banks are managed by PT Bank Panin Dubai Syariah Tbk, which manages the banking business through Islamic principles. Regarding the financing company business segment, the company has a subsidiary, PT Clipan Finance Indonesia Tbk., which carries out financing business activities. PaninBank's Wealth Management Unit offers a one-stop service for customers who are interested in insurance and investment products with long-term benefits. Through this unit, PaninBank focuses on services that prioritize the preservation of customer assets in order to mitigate future risks that have the potential to disrupt the customer's financial condition. Throughout 2022, PaninBank continued to work closely with various insurance service providers, including with a member of the Panin Financial Conglomerate, namely the life insurance company Panin Dai-ichi Life, and several general insurance service providers, such as Asuransi Multi Artha Guna, Asuransi Sinar Mas, and Asuransi Buana Independent Indonesia. Together with this group of insurance service providers, the Wealth Management Unit provides complete and comprehensive insurance protection ranging from life insurance, investment-linked life insurance (unit-linked), hospitalization insurance and protection against critical illness, personal accident protection, insurance education funds, to various types of general insurance that aims to protect personal assets from all kinds of incidents or incidents that have the potential to cause losses to customers. Meanwhile, in marketing the various mutual fund investment products, PaninBank has partnered with several well-known investment managers, such as Panin Asset Management, which is a Subsidiary Entity of Panin Sekuritas, and Bahana TCW Investment Management. Not only focusing on developing various mutual fund products, through the Wealth Management Unit, PaninBank also acts as the Ministry of Finance's official distribution partner for online sales of Government Securities (SBN), such as conventional bonds (ORI) and sharia-based bonds (Sukuk). PaninBank has a number of digital banking platforms, which are already familiar with customers, such as Internet Panin, Mobile Panin, and electronic money services (e-Cash), which can be accessed easily 24/7. Commercial Banking PaninBank Commercial Banking comprises three business segments, namely Small Medium Business ('SMB'), Commercial Business, and Micro Business. Corporate Banking Corporate Banking provides services to support business development and activities of corporate customers in the real sector of the economy. Through this business segment, PaninBank is committed to meeting the needs of corporate customers, especially those with business characteristics in industries that have strong resilience from the impact of the COVID-19 pandemic. In 2022, Corporate Banking concentrated on sectors relatively unaffected by the pandemic, such as the Manufacturing Industry Sector and Green Financing. Institutional and SOE Banking PaninBank's Institutional and SOE's Banking segment (PIB) divides its debtors into two categories, i.e. corporations (non-SOE) and SOE Groups. PIB provides Working Capital Loans (KMK) for corporate clients (non-SOE), such as multi-finance company and oil palm plantation. While for SOE Groups clients, PIB provides two types of loans, i.e. Working Capital Loans (KMK) and Investment Loans (KI). International Banking PaninBank's International Banking segment provides two services, namely remittance and trade finance. Both services are geared towards complementing other business segments and thus their growth follows the performance of other segments. Remittance Remittance services provide overseas fund transfer activities in 11 currencies, namely USD, EUR, GBP, CNY, SGD, HKD, CAD, CHF, JPY, AUD and NZD. This service also provides Multi-Currency transfer (MCR) services to more than 120 world currencies (exotic currencies), such as MYR, KRW, THB, INR, PHP, TWD and others. The performance of remittance services is influenced by the growth of PAN Dollar savings account product. Trade Finance Through the provision of trade finance products, PaninBank has strengthened its competitive edge in the trade sector. For customers engaged in export-import and local trade, PaninBank offers Letter of Credit (LC) and Domestic Letter of Credit (SKBDN), including its amendment, LC and SKBDN advising, LC negotiation/refinancing (sight/usance/UPAS), and export bills discount/SKBDN. Beyond these facilities, PaninBank can also act as Confirming Bank for LCs issued by new foreign exchange banks and issue standby LCs. The performance of trade finance services is in line with the bank's risk appetite. To expand its customer base, International Banking continues to build synergies with the driving business segments, namely the retail banking and commercial banking business segments through cross selling mechanisms, including cooperation with branch offices to market International Banking products. International Banking also relies on the 'Pan Dollar' product to acquire new customers. Treasury Being part of a bank that has an active role in supporting the national money market, PaninBank Treasury is active in issuing and marketing capital market products, supports financial market deepening, and is always ready to support the marketing of Government Securities. PaninBank Treasury offers transactions in the sale and purchase of foreign exchange, hedging instruments to protect the value of financial assets from the risk of changes in currency exchange rates or interest rates, securities issued by the Government and corporations, and other treasury products. PaninBank Treasury segment performs three main functions, namely managing the bank's liquidity level, providing treasury products and services to customers, and conducting treasury transactions in the interest of the bank (proprietary trading). Sustainable Products and Services PaninBank has a variety of banking products and/or services that are able to provide great and sustainable added value for customers, including: Savings Products Tabungan Panin Savings account in Rupiah for individuals with a variety of benefits, including prize drawing, reward points, and complete access to banking transactions. Tabungan Junior Savings account in Rupiah for kids between 0-18 years old offering benefits such as free monthly administration fees and attractively designed ATM/ Debit Cards. TabunganKu Savings account in Rupiah for individual customers with free monthly administration fee, and low minimum initial deposit. TabunganKu is a saving program organized jointly by several leading banks in Indonesia. Tabungan Rencana Savings in Rupiah currency for individual customers to help plan future finances (education, marriage and retirement) with various benefits such as competitive interest rates, free life insurance protection, affordable fixed monthly deposits. Simpanan Pan Dollar Savings account for individual customers offering variety of Foreign Currencies, as well as other benefits such as competitive exchange rate, free USD Banknotes deposit/withdraw facility, complete access to banking services. Tabanas Panin Savings account in Rupiah for individual customers giving competitive interest rates and complete access to banking services. Demand Deposit Deposit accounts for individual and corporate customers available with a selection of currencies, along with a comprehensive access to banking transactions as well as competitive exchange rates, in order to facilitate fast, easy and secure payment of business transactions. Time Deposit Deposits in Rupiah or other foreign currencies with certain time period with competitive interest rates for individual and corporate customers. Loan Products Kredit Express Panin Personal loan without collateral, featuring easy and quick process with flexible instalments up to 36 months and competitive interest rate. Mortgage Loan Loan facility for individual customers to purchase/ renovate house, shophouse, villa or apartment. Multipurpose Loan A loan facility with simple requirements offering two types of loan: Overdraft Facility or Instalment Loan. SMART Panin Panin's Small Medium and Retail Trade, loan/ financing facility for small and medium businesses that is available in these formats: working capital loan, investment loan, SMART Trade Finance Import and Export, SMART Trade Service, and Bank Guarantee. Micro Loan Loan facility for small businesses or home industry with a certain amount of loan. Credit Card PaninBank's Credit Card facilitates individual customers to do banking transaction worldwide with many attracting offers and facilities. Corporation Loan Loan facility in the form of cash and non-cash loan and other banking services for working capital or business investment. Syndicated Loan Financing administration service together with other banks to help financing a large-scale business. Electronic Banking ATM 24-hour electronic banking service for cash and noncash transactions through automatic teller machine (ATM). Call Panin 24-hour electronic banking service for non-cash transaction through Interactive Voice Recorded (IVR) via telephone. Mobile Panin 24-hour electronic banking service for non-cash transaction through short message service (SMS) via mobile phone. Internet Panin 24-hour electronic banking service for noncash transaction through internet by accessing InternetPanin.com. Biznet Panin 24-hour electronic banking service for non-cash transaction through internet designed special for individual and corporate business customers by accessing www.panbib.com/paninbib. E-Cash Panin PaninBank's electronic wallet. Panin QRIS Quick Response code (QR code) standard for payments set by Bank Indonesia to facilitate contactless payment transactions through scanning in Indonesia. Other Services Cash Management Service of cash transaction management for business or corporate customers, such as supplier payment, auto collection and payroll processing facilities. Panin Remittance A safe and quick money transfer facility in foreign currencies to all over the world with competitive exchange rates. Rekening Dana Nasabah (RDN) Panin RDN Panin is an account for individual and corporate customers for settlement of transactions in the Capital Market. Account opening is done through a Securities Company that has been working with PaninBank. Panin Prioritas Banking service for distinguished customers offering special facilities such as private lounge and dedicated tellers. Save Deposit Box (SDB) Panin Safe deposit box rental service to keep customer's valuable documents or goods in a safe and secured place. Sector and Market Served PaninBank provides services to customers from a variety of industry sectors, such as agriculture, hunting and forestry; electricity, gas and water; transportation, warehousing and communications; healthcare and social services; fisheries; construction; financial intermediary; community, social culture, entertainment, and other individual services; mining and extracting; wholesale and retail trading; transportation, warehousing and communications; processing industry; accommodation and food and beverages; educational services; and others. History P.T. Bank Pan Indonesia Tbk was founded in 1971.