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April 19, 2015 3:21 PM ET

Insurance

Company Overview of Indonesia Deposit Insurance Corporation

Company Overview

Indonesia Deposit Insurance Corporation offers a deposit insurance program for banks in Indonesia. It insures depositors’ deposits in the forms of saving accounts, time deposits, current accounts/checking, certificates of deposit, and/or other forms of deposits that has similar characteristics. The company also insures Syariah-based deposits, such as Wadiah-based current accounts, Wadiah-based saving accounts, Mudharabah-based saving accounts, and Mudharabah-based term deposits. It serves commercial banks, including foreign, joint venture, private local, regional development, and state-owned banks; and rural banks. The company was founded in 2004 and is based in Jakarta, Indonesia.

Equity Tower 20th-21st

Sudirman Central Business District (SCBD)

Lot 9

Jl. Jenderal Sudirman Kav. 52-53

Jakarta,  12190

Indonesia

Founded in 2004

Phone:

62 21 515 1000

Fax:

62 21 5140 1500

Key Executives for Indonesia Deposit Insurance Corporation

Chief Executive Officer and Member of Board of Commissioners
Executive Director of Finance and Director
Director of Administration & Information Systems and Director
Executive Director of Legal and Director
Director and Executive Director of Claim and Bank Resolution
Age: 49
Compensation as of Fiscal Year 2014.

Indonesia Deposit Insurance Corporation Key Developments

Hong Leong And Bank of China Reportedly To Acquire Mutiara

Hong Leong Bank Berhad (KLSE:HLBANK) and Bank of China (Hong Kong) Limited reportedly looking to acquire PT Bank Mutiara Tbk from Indonesia Deposit Insurance Corporation.

No Buyer Still Found For Bank Mutiara

Indonesia Deposit Insurance Corporation has not found an investor to buy PT Bank Mutiara Tbk as the deadline for the sale of is near. If the agency fails to sell the bank, it will be offered in an auction in 2014. Mirza Mochtar, Chairman of Indonesia Deposit Insurance Corporation, said "We hope to find a buyer this year. I am optimistic." Mirza Mochtar also said "We went on road shows this year to Australia, China, Japan, South Korea, Taiwan, Thailand and United Arab Emirates. Many of them said they were interested in purchasing the bank, driven by Indonesia's good banking business, but they are more interested in next year's auction." PT. Danareksa Sekuritas is the underwriter for the process.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 12, 2014
PT Bank Mutiara Tbk
 

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To contact Indonesia Deposit Insurance Corporation, please visit www.lps.go.id. Company data is provided by Capital IQ. Please use this form to report any data issues.

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