Bank Woori Saudara Explained

PT Bank Woori Saudara Indonesia 1906 Tbk
Type:Public
Industry:Banking
Foundation: (as Himpoenan Soedara group)
(as a company)
Predecessor:Perkumpulan Himpoenan Soedara (1906)
Key People:Hwang Gyusoon (President Director)
Services:Financial
Num Employees:1,455 (2020)
Revenue: Rp 1.247 trillion (2020)
Equity:Rp 7.270 trillion (2020)
Assets: Rp 38.05 trillion (2020)
Net Income: Rp 536.001 billion (2020)
Owners:
Korean Name
Hangul:소다라
Hanja:우리소다라
Rr:Uri Sodara Eunhaeng
Mr:Uri Sodara Ŭnhaeng

Bank Woori Saudara (formerly known as Bank Saudara) is an Indonesia-based financial institution. Bank Saudara was founded in 1906 by ten merchants of Pasar Baru in Bandung, West Java. The Bank's products and services include savings and checking accounts, fixed deposits, credit loans and other banking services.

On 14 March 2012, Bank Saudara announced a plan to merge with Bank Woori Indonesia, Indonesian subsidiary of Woori Bank of South Korea.[1] PT Bank Himpunan Saudara 1906, Tbk (Bank Saudara) has obtained approval from Bank Indonesia (BI) via an approval letter on December 30, 2013 related to the purchase of 27% (twenty-seven percent) Bank Saudara’s shares by the Woori Bank of Korea and the remaining 6% (six percent) has been approved in advance on April 16, 2013. Earlier this year, Woori achieved one of its long-awaited overseas operation goals ― Indonesia’s central bank approved Woori’s acquisition of a 33-percent stake in Bank Saudara.

Board of directors

Commissioner

TitleName
Komisaris UtamaArief Budiman
Komisaris IndependenAhmad Fajarprana
Komisaris IndependenAdi Haryadi
KomisarisPark Tae Yong

Director

TitleName
Direktur Utama Hwang Gyusoon
Direktur Bisnis SupportEdwin Sulaeman
Direktur Risiko dan KepatuhanWuryanto
Direktur KorporatKang Bong Joo
Direktur KonsumerM. Tri Budiono
Direktur TI dan Jaringan & Operasi Benny Sudarsono Tan

External links

Notes and References

  1. "Bank Saudara and Woori Indonesia Set to Merge", The Jakarta Globe, 14 December 2012