Type Public (IDX: SDRA) Website Banksaudara.com Revenue 852.7 billion IDR (2012) | Industry Financial Services Headquarters Indonesia Net income 118.8 billion IDR (2012) | |
 | ||
Founder Himpoenan Soedara (1906) Key people Farid Rahman, S.E., MBA
Yanto M. Purbo, MBA Stock price SDRA (IDX) IDR 1,050 +50.00 (+5.00%)1 Mar, 4:00 PM GMT+7 - Disclaimer | ||
Bank saudara ro gathering
PT Bank Himpunan Saudara 1906 Tbk. is an Indonesia-based financial institution. Bank Saudara was founded in 1906 by ten merchants of Pasar Baru in Bandung, West Java. The Bank's products and services include savings and checking accounts, fixed deposits, credit loans and other banking services. As of January 31, 2014, the Bank is supported by 17 branch offices, 75 supporting branches, 16 cash offices, 47 automated teller machines (ATM) and 4 mobile offices.
Contents
Merger plans
On 14 March 2012, Bank Saudara announced a plan to merge with Bank Woori Indonesia, Indonesian subsidiary of Woori Bank of South Korea. PT Bank Himpunan Saudara 1906, Tbk (Bank Saudara) has obtained approval from Bank Indonesia (BI) via an approval letter on December 30, 2013 related to the purchase of 27% (twenty-seven percent) Bank Saudara’s shares by the Woori Bank of Korea and the remaining 6% (six percent) has been approved in advance on April 16, 2013. Earlier this year, Woori achieved one of its long-awaited overseas operation goals ― Indonesia’s central bank approved Woori’s acquisition of a 33-percent stake in Bank Saudara.