- CEO
- Wahidin Herwidayatmo
- Full Time Employees
- 9,775
- Sector
- Finance
- Industry
- Regional banks
- Address
- Panin Centre Building Jakarta JK Indonesia 10270
- IPO Date
- Dec 29, 1982
- Business
- P.T. Bank Pan Indonesia Tbk (Panin Bank) operates as a commercial bank providing a broad range of banking products and services to individual and corporate customers in Indonesia and select international markets; its core offerings include savings accounts such as Tabungan Panin, Tabungan Junior, Tabunganku, Tabungan Rencana, Simpanan Pan Dollar, Tabanas Panin, demand deposits, and time deposits; loan products encompassing KPR Panin mortgages, Kredit Express, multipurpose loans, SMART Panin, micro loans, credit cards, working capital loans, investment loans, syndication credits, and corporate loans; wealth management services featuring bancassurance, mutual funds, and bonds; electronic banking channels like ATM, Call Panin, Mobile Panin, Internet Panin, Biznet Panin, and QRIS payments via PaninPay; trade finance services including export/import financing, SKBDN, remittances, bank drafts, and correspondent banking; Sharia banking through PT Bank Panin Dubai Syariah Tbk; and ancillary services such as cash management, Panin Remittance, Rekening Dana Nasabah (RDN) Panin, Panin Prioritas wealth services, safe deposit boxes, currency exchange, and foreign exchange transactions. Founded in 1971 through the merger of Bank Kemakmuran, Bank Industri Djaja, and Bank Industri dan Dagang Indonesia, with subsequent mergers including PT Bank Lingga Harta, Bank Abadi Djaja, Bank Pembangunan Ekonomi, and Bank Pembangunan Sulawesi, the bank listed on the Indonesia Stock Exchange in 1982 and maintains headquarters at Panin Bank Center, Jl. Jend. Sudirman Kav. 1, Senayan, South Jakarta, Indonesia; it operates approximately 520 offices nationwide and a representative office in Singapore as part of the Panin Group under PT Panin Investment, with subsidiaries including PT Clipan Finance Indonesia Tbk (51.49% owned) focused on multi-finance. In recent developments, ANZ Group Holdings offers its 38.8% stake for sale, with the Gunawan family (46% owners) considering partial divestment, positioning DBS Group as a frontrunner in bidding for up to 86% control in 2025, potentially elevating the acquirer to Indonesia's top 10 banks; the bank issued Sustainable Bond IV Phase III Year 2025 worth IDR 3.2 trillion with coupons up to 6.65%; advances digital initiatives like cross-border QRIS, Panin Super Bonanza promotions for CASA growth targeting 52.2% ratio, payroll services for corporates, and SME loan expansion to over 40% of portfolio by 2026; and adjusts product features for Tabungan Panin, Tabungan Panin MGM, and Tabungan PSP Special while warning against vishing scams and dormant account risks.