Question 1

What is Bank Sulselbar?

Accepted Answer

Bank Sulselbar is a regional development bank (Bank Pembangunan Daerah) serving both South Sulawesi and West Sulawesi provinces in Indonesia. As a government-owned financial institution, Bank Sulselbar plays a strategic role in supporting regional economic development and providing comprehensive banking services throughout its operational area.

The bank operates as a limited liability company (PT) and is supervised by the Indonesian Financial Services Authority (OJK) and Bank Indonesia, while participating in the deposit insurance program managed by the Indonesia Deposit Insurance Corporation (LPS).

Question 2

When was Bank Sulselbar founded?

Accepted Answer

Bank Sulselbar was originally founded on January 13, 1961, initially named PT Bank Pembangunan Daerah Sulawesi Selatan Tenggara based on Notarial Deed Number 95 by Raden Kadiman in Jakarta dated January 23, 1961. The bank received its business license from the Minister of Finance through Decree Number BUM 9-3-22 dated May 18, 1961.

Following the separation of Southeast Sulawesi as an independent province, the bank became Bank Pembangunan Daerah Sulawesi Selatan. In 2011, to accommodate the formation of West Sulawesi Province as a separate administrative region, the bank changed its name to PT Bank Pembangunan Daerah Sulawesi Selatan dan Sulawesi Barat (Bank Sulselbar) through an Extraordinary General Meeting of Shareholders on February 10, 2011.

The bank converted from a Regional Company (Perusahaan Daerah) to a limited liability company (PT) status in 2004, receiving approval from the Minister of Justice and Human Rights through Decree Number C-31541.HT.01.01 dated December 29, 2004.

Question 3

Where is Bank Sulselbar headquartered?

Accepted Answer

Bank Sulselbar is headquartered in Makassar, South Sulawesi, at Jalan Dr. Sam Ratulangi Number 16, Makassar 90125. The head office serves as the central hub for the bank's operations across both South Sulawesi and West Sulawesi provinces.

Question 4

Where does Bank Sulselbar operate?

Accepted Answer

Bank Sulselbar operates throughout South Sulawesi and West Sulawesi provinces. The bank maintains an extensive network including 30 domestic branch offices, 2 domestic sub-branch offices, 42 cash offices, 6 payment points, and 3 mobile cash units serving communities across both provinces.

The bank also operates a Sharia Business Unit with 3 branch offices, 1 cash office, and 28 Sharia ATMs/ADMs to serve customers seeking Islamic banking services.

Question 5

What services does Bank Sulselbar offer?

Accepted Answer

Bank Sulselbar provides comprehensive banking services including savings accounts, time deposits, giro accounts, and various credit facilities. The bank offers financing for micro, small, and medium enterprises (UMKM), retail customers, and corporate clients across different sectors.

The bank operates 83 conventional ATMs and 28 Sharia ATMs for customer convenience. Digital banking services include mobile banking, internet banking, and electronic payment solutions to meet modern banking needs. Bank Sulselbar also maintains a Sharia Business Unit offering Islamic banking products compliant with Sharia principles.

Additional services include cash management systems, payment processing, and treasury services for both individual and corporate customers.

Question 6

What makes Bank Sulselbar unique?

Accepted Answer

Bank Sulselbar is distinguished as the only regional development bank serving two provinces simultaneously - South Sulawesi and West Sulawesi. This dual-province mandate gives the bank a unique position in supporting economic development across a large and diverse geographical area.

The bank has demonstrated resilience through various economic challenges, including successfully completing a recapitalization program in the early 2000s. The ownership structure reflects strong regional commitment, with the Provincial Government of South Sulawesi holding 37.97%, Provincial Government of West Sulawesi holding 0.99%, and regencies/cities throughout both provinces collectively holding 61.17% of shares.

Bank Sulselbar has expanded its capital base significantly over the years to meet growing regional banking needs, with ongoing capital increases supporting enhanced service delivery and regional development initiatives.

Question 7

What type of financial institution is Bank Sulselbar?

Accepted Answer

Bank Sulselbar is a Regional Development Bank (Bank Pembangunan Daerah or BPD), a specific category of financial institution in Indonesia established and owned by provincial and local governments. BPDs are regulated under Law Number 13 of 1962 and subsequent legislation concerning Regional Development Banks.

These institutions serve dual functions as commercial banks providing full banking services while simultaneously acting as instruments of regional development policy. Bank Sulselbar operates as a general commercial bank with the mandate to support regional economic growth, manage regional government funds, and contribute to local revenue generation in both South Sulawesi and West Sulawesi provinces.

Bank Sulselbar

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About Bank Sulselbar in Indonesia