Question 1

What is Bank Sultra?

Accepted Answer

Bank Sultra is a regional development bank (Bank Pembangunan Daerah) owned by the provincial government of Southeast Sulawesi, Indonesia. As one of 26 regional development banks operating across Indonesia, Bank Sultra serves as a key financial institution supporting regional economic development and providing banking services to communities throughout Southeast Sulawesi.

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

Question 2

When was Bank Sultra founded?

Accepted Answer

Bank Sultra was founded on March 2, 1968, based on the Decision of the Regional People's Representative Council (Dewan Perwakilan Rakyat Daerah Gotong Royong) of Southeast Sulawesi Number 34 of 1968. The bank received its operational license from the Minister of Finance through Decree Number D.15.6.1.18 dated January 27, 1970.

Initially established as a Regional Company (Perusahaan Daerah), Bank Sultra underwent a significant transformation in August 2013 when it converted from a regional company to a limited liability company (PT) to improve service quality and business development, as approved by the Ministry of Law and Human Rights through Decree Number AHU-4439.AH.01.01 dated August 23, 2013.

Question 3

Where is Bank Sultra headquartered?

Accepted Answer

Bank Sultra is headquartered in Kendari, the capital city of Southeast Sulawesi Province. The bank has expanded its presence throughout the province by opening branches in all regencies and cities across Southeast Sulawesi, as well as sub-branches in three sub-districts within the province.

Question 4

Where does Bank Sultra operate?

Accepted Answer

Bank Sultra operates exclusively within Southeast Sulawesi Province. The bank maintains a comprehensive network of branches covering all regencies and cities throughout the province, ensuring accessibility to banking services for communities across the region.

This extensive regional presence enables Bank Sultra to fulfill its mandate as a regional development bank supporting local economic growth.

Question 5

What services does Bank Sultra offer?

Accepted Answer

Bank Sultra provides a comprehensive range of banking services including savings accounts, deposits, credit facilities, and various transactional banking services. The bank offers specialized credit products across different segments including corporate credit, retail credit, and UMKM (micro, small, and medium enterprise) financing with categories for medium, small, and micro businesses.

The bank also provides mortgage loans (KPR/KPA) and consumer credit products. Digital services are available to customers, though specific details about mobile banking and online platforms are managed through the bank's evolving digital infrastructure to meet modern banking needs.

Question 6

What makes Bank Sultra unique?

Accepted Answer

Bank Sultra distinguishes itself as the only regional development bank serving Southeast Sulawesi, giving it a unique understanding of local economic conditions and community needs. The bank has maintained healthy banking status since 1994, demonstrating consistent financial stability and sound management practices.

As a government-owned regional bank, Bank Sultra plays a dual role as both a commercial banking institution and a strategic partner in regional development initiatives. The bank's capital base has grown significantly over the years, with the most recent increase raising its authorized capital to Rp 2 trillion (two trillion rupiah) as of March 31, 2023, reflecting its expanding capacity to support regional economic development.

Question 7

What type of financial institution is Bank Sultra?

Accepted Answer

Bank Sultra is a Regional Development Bank (Bank Pembangunan Daerah or BPD), a category of financial institution in Indonesia specifically established and owned by provincial governments. BPDs are regulated under Law Number 13 of 1962 and Law Number 16 of 1999 concerning Regional Development Banks.

These institutions serve as both commercial banks and instruments of regional development policy, with the primary purpose of supporting regional economic growth, managing regional government funds, and providing accessible financial services to local communities. Bank Sultra operates as a full-service commercial bank while maintaining its core mission of advancing Southeast Sulawesi's economic development.

Bank Sultra

in Indonesia 🇮🇩

Crypto-Friendliness

All done!

About Bank Sultra in Indonesia