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
As of October 2015, ANZ Indonesia is rated AAA (idn) credit rating from Fitch Ratings. ANZ has received many awards, such as accolades at the 2015 Asian Banker Excellence in Retail Financial Services Awards for the Best Foreign Retail Bank in Indonesia; the 2015 Retail Banker International Asia Trailblazer Awards for the Best Credit Card Offering and Excellence in Loan Origination categories; as well as the title of Indonesia’s Number One Joint Venture Bank in the 2014 Indonesia Banking Award from Tempo Media Group.