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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 service.
On 14 March 2012, Bank Saudara announced a plan to merge with Bank Woori Indonesia, Indonesian subsidiary of Woori Bank of South Korea.
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.
Board of directors
Commissioner
Title
Name
Komisaris Utama
Arief Budiman
Komisaris Independen
Ahmad Fajarprana
Komisaris Independen
Adi Haryadi
Director
Title
Name
Direktur Utama
Kim Eungchul
Direktur Bisnis Support
Edwin Sulaeman
Direktur Risiko dan Kepatuhan
Wuryanto
Direktur Korporat
Kim Wook Bae
Direktur Konsumer
Abdurachman Hadi
Direktur TI dan Jaringan & Operasi
Benny Sudarsono Tan
References
"Bank Saudara and Woori Indonesia Set to Merge", The Jakarta Globe, 14 December 2012
Rp 1.247 trillion (2020)