Question 1

What is Bank NTT?

Accepted Answer

Bank NTT is a regional development bank (Bank Pembangunan Daerah) serving East Nusa Tenggara (Nusa Tenggara Timur) Province, Indonesia. As the only regional bank operating in East Nusa Tenggara, Bank NTT plays a vital role in supporting regional economic development and providing comprehensive banking services throughout this eastern Indonesian province.

The bank operates as a limited liability company (PT) under the name PT Bank Pembangunan Daerah Nusa Tenggara Timur, 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 NTT founded?

Accepted Answer

Bank NTT was established on October 18, 1961, based on Deed of Establishment Number 12 drawn up by Temporary Deputy Notary Casper Melchior Keluanan Amalo in Kupang. The bank officially began operations on July 17, 1962, after receiving its business license from the Minister of Finance and Central Bank through Decree Number BUM 9-13/II dated February 5, 1962.

The bank was founded based on the vision of East Nusa Tenggara Province elders including WJ Lalamentik (the first Governor of East Nusa Tenggara), Frans Seda, D. Paikun, and JL Indradewa. Initially established as a limited liability company, Bank NTT converted to a Regional Company (Perusahaan Daerah) in 1963 through Regional Regulation Number 01/pd/DPRD-GR/1963 dated March 12, 1963.

The bank returned to limited liability company status in 1999 following Minister of Home Affairs Regulation Number 1 of 1998, with the change ratified through Regional Regulation Number 3 of 1999 dated March 26, 1999 and approved by the Minister of Justice through Decree Number C2-8228.HT.01.01.TH'99 dated May 5, 1999.

Question 3

Where is Bank NTT headquartered?

Accepted Answer

Bank NTT is headquartered in Kupang, the capital city of East Nusa Tenggara Province, at Jalan W.J. Lalamentik Number 102, Oebufu, Kupang 85142. The head office is named after the province's first governor, reflecting the bank's deep connection to regional leadership and development.

Question 4

Where does Bank NTT operate?

Accepted Answer

Bank NTT operates exclusively throughout East Nusa Tenggara Province, maintaining an extensive network of branch offices, sub-branch offices, and ATMs across all regencies and cities in the province. The bank's operational reach extends from Kupang to remote areas throughout NTT, ensuring accessibility to banking services for communities across this archipelagic province.

The bank serves diverse communities throughout East Nusa Tenggara's many islands, supporting economic activities in both urban centers and rural areas.

Question 5

What services does Bank NTT offer?

Accepted Answer

Bank NTT provides comprehensive banking services including various savings products (Tabungan Simpeda, Tabungan Flobamora, TabunganKu, Simpanan Pelajar/Simpel, Tabungan Pesiar), time deposits in both rupiah and foreign currencies, giro accounts, and a pension savings product called Tenun NTT.

Credit products span multiple categories including retail credit, corporate credit, UMKM financing (medium, small, and micro), mortgage loans (KPR), and specialized products like Kredit Mikro Kecil Popela, Kredit Kreasi, and KSPAMS. The bank also offers bank guarantees and various transactional services.

Digital banking services include the B'Pung Mobile banking application with multiple features, internet banking, SMS banking, ATM networks, EDC terminals for merchants, and QRIS payment solutions. Additional services include H2H Payment systems, Cash Management Systems (CMS), money transfer services, and payment collection services for government revenues.

Question 6

What makes Bank NTT unique?

Accepted Answer

Bank NTT distinguishes itself with innovative digital initiatives including the development of an NTT Shopping Card and Pay Later services specifically designed to support the NTT Mart Online platform, which serves as a marketplace for local UMKM products. This demonstrates the bank's commitment to integrating financial services with regional economic development initiatives.

The bank has formed a strategic Business Group (Kelompok Usaha Bank/KUB) partnership with Bank Jatim from East Java, receiving full regulatory approval from the Financial Services Authority (OJK). This collaboration, supported by East Java Governor Khofifah Indar Parawansa, enhances Bank NTT's capabilities and resources.

Bank NTT has implemented the Local Government Credit Card (KKPD) program in partnership with various regencies, improving efficiency and transparency in regional government financial management. The bank uses the slogan "Bertransaksi di Bank NTT = Membangun NTT" (Banking with Bank NTT = Building NTT), emphasizing its role in regional development.

Question 7

What type of financial institution is Bank NTT?

Accepted Answer

Bank NTT is a Regional Development Bank (Bank Pembangunan Daerah or BPD), a 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.

Bank NTT operates as a full-service commercial bank with a special mandate to support regional economic development, manage regional government treasury funds, and serve as a source of regional revenue. The bank participates in the national Recapitalization Program for Regional Development Banks, successfully completing its obligations and returning to full local ownership in 2004 after repurchasing all government shares related to the recapitalization program.

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About Bank NTT in Indonesia