In 1973, the Australia and New Zealand Banking Group Limited (ANZ Group) first established its presence in Indonesia as the ANZ Grindlays representative office. Then, in 1993, ANZ Group took over 85% of Westpac Bank’s shares at the PT Westpac Panin Bank and changed the name of the joint venture bank into PT ANZ Panin Bank.
ANZ Group and Panin Bank further injected their capital in PT ANZ Panin Bank in 2011. This increased the overall paid-up capital to IDR 1.65 trillion (the equivalent of AUD 180 million) and changed the ownership composition to 99% owned by the ANZ Group and 1% owned by Panin Bank.
In 12 January 2012, the joint venture bank changed its name to PT Bank ANZ Indonesia (ANZ), which reflects the increase of ANZ Group's ownership in the Bank. This demonstrated ANZ’s commitment to Indonesia and its customers’ growth. It also reaffirmed the position of ANZ Group as the largest Australian investor in Indonesia’s financial services sector with an investment in capital and equity of over AUD 1 billion.
In seven years, ANZ has grown from having only a credit card business with 2 branches to a fully-fledged bank with 28 branches spread throughout 11 major cities across Indonesia. Now ANZ offers a range of products and services for its corporate clients through our Corporate Banking, Treasury, Trade Finance and Cash Management services. For individuals, ANZ offers Retail Banking and Wealth Management, Mortgages as well as Consumer Finance services through our Credit Card and Personal Loan products.
Shareholding composition of PT Bank ANZ Indonesia (ANZ)
ANZ Banking Group Limited 99%
PT Panin Bank Tbk 1%
Awards and Achievements
On 28 July 2016, ANZ Indonesia has gained an award as "The Best Digital Consumer Bank in Indonesia 2016" by a renowned financial magazine, Global Magazine. This award was given to recognize the innovation and quality of service in digital channels to the customers.