Bank Saudara, oldest private financial institution in Indonesia?
Posted on April 28th, 2008 in Knowledge
Have you ever heard Bank Saudara? A week ago I saw Bank Saudara billboard near my office. Showing that this ‘new’ bank as part of Medco group –one of Indonesian oil conglomerates owned by Arifin Panigoro – number 9th richest person in Indonesian (Forbes 2006).
When I read the profile, I’m quite surprise knowing that Bank Saudara is one of oldest private financial institution in Indonesia. Actually I’ve never heard Bank Saudara before. I guess the oldest private financial institution in Indonesia was Bank BCA, since they have a very large business expansion.
Well whatever, the Fact is Medco group getting richer.
Popularity: 28% [?]
May 18th, 2008 10:10 am
It’s probably earlier known as BHS bank. I saw their website and it said Bank Himpunan Saudara, tbk…