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A prominent commercial bank well-known for its MSME financing services and adherence to strict good corporate governance
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A prominent commercial bank well-known for its MSME financing services and adherence to strict good corporate governance
Contact Us
A prominent commercial bank well-known for its MSME financing services and adherence to strict good corporate governance
Contact Us
A prominent commercial bank well-known for its MSME financing services and adherence to strict good corporate governance
Contact Us
A prominent commercial bank well-known for its MSME financing services and adherence to strict good corporate governance
Contact UsBank Victoria is open to collaboration with international financial institutions looking to tap into Indonesia’s lucrative banking sector. With longstanding expertise on Indonesia’s banking industry, Bank Victoria is keen to cooperate with partners that can improve and expand upon the bank’s products and services across the archipelago. In recognising the growth of Indonesia’s secondary cities, Bank Victoria has established branches in Bandung, Surabaya as well as Manado, showcasing its reach to beyond the Greater Jakarta area. Furthermore, the bank has experience in joint ventures through its partnerships with renowned insurance companies as well as commercial banks such as MNC Life and BCA. With the establishment of the bank’s shariah entity, Bank Victoria is also seeking international partners looking to capitalise on Indonesia’s potential as a global Islamic financial hub.
“ Indonesia is one of the most attractive markets for foreign investors. Its attractiveness stands out in spite of still having deficiencies in bureaucracy and law enforcement. ”
With Indonesia’s continued economic growth, Bank Victoria’s in-depth knowledge of the local industry enables the bank to identify the best potential investment to further realise its objective to expand across the country. Indonesia’s largely untapped banking sector therefore provides Bank Victoria with the opportunity to enhance financial inclusion among Indonesia’s unbanked and under-banked population as well as expand its operations on a regional scale.
“ Indonesia is one of the most attractive markets for foreign investors. Its attractiveness stands out in spite of still having deficiencies in bureaucracy and law enforcement. ”
As a bank that prioritises on product innovation and development, Bank Victoria is keen to establish partnerships that offer technical know-how in order to capitalise upon Indonesia’s increased use of online banking services. Bank Victoria recently launched its internet and mobile banking application and is fully committed to gaining insights into the latest technological advances that can provide greater transactional convenience as well as better operational efficiency. Furthermore, as a bank renowned for its professionalism and good corporate governance, the bank seeks international partners with the aim of improving Bank Victoria’s skill in human resource management so as to build upon its current robust and transparent banking operations.
To further cater to rising disposable incomes, Bank Victoria offers a variety of long-term savings and deposit account plans that serves the varied demands of the country’s middle-class. These include the V-Plan savings account which assists clients in cash management for needs such as financing for education and home renovations — in taking this plan, clients are also eligible for free life insurance protection. Furthermore, Bank Victoria offers the V-Business Plan; this special savings account mainly caters for business clients and offers competitive interest rates and no monthly administration fees; an attractive incentive for Indonesian businesses.
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Through Bank Victoria’s focus on retail banking, the bank aims to build its brand recognition across Indonesia as a reliable, trustworthy financial institution that can cater to Indonesia’s strong domestic market as well as the latest consumer demands from the country’s affluent middle-class. As of 2015, Bank Victoria’s consumer lending totalled to 544,281 million IDR, an increase of 0.35% from 2014. This is reflective of the growing dynamic needs of Indonesian consumers and Bank Victoria’s ability to adapt to those needs. As a boutique bank renowned for its close relationships with its clients, the bank focuses on offering products that cover the needs of its diverse customer segments.
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Bank Victoria has gained renown as a commercial bank within the sphere of MSME financing, differentiating it from its competitors and enabling it to tap into this highly lucrative yet under-served segment. The bank offers a broad range of commercial and multi-finance lending products, making available between 10-25 billion IDR in commercial loans for more well-established MSMEs as well as 1.5-10 billion IDR in medium enterprise loans. Furthermore, the bank provides 250 million IDR and up to 1.5 billion IDR for micro enterprises.
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The bank’s corporate lending strategy has targeted investments in manufacturing, real estate (commercial and residential), telecommunications and energy among others. With the Indonesian government focusing to enhance the country’s competitiveness within these industries, Bank Victoria is thus well-positioned to finance projects that are integral to the country’s economy. Moreover, Bank Victoria’s fund managers have the necessary skills and experience across a broad range of sectors to provide specialist corporate advice, that assist clients in achieving their corporate investment needs.
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In accommodating the tech-savvy modern Indonesian consumer, the bank provides transactional convenience for its customers and allows Bank Victoria to stay competitive among Indonesia’s continuously digitalising banking industry. As a fully integrated bank, Bank Victoria’s utilisation of digital technology has enabled it to engage with clients seamlessly across conventional and digital channels. The bank’s endeavour into internet banking is combined with its strength in offering personalised customer experience.
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As a source of fee-based income, the bank’s Board of Commissioners and the Risk Monitoring Committee closely monitor and evaluate the implementation of risk management in order to support Bank Victoria’s growth strategy. Clients are provided a comprehensive treasury management service that is tailored to the needs of their businesses. This consists of an Accounts Receivable Management Services, Accounts Payable Services, Liquidity Management, Reporting Services and Trade Finance Services.
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The bank provides a comprehensive and personalised service in investment management and financial planning, offering the optimal investment portfolio for individual clients as well as families. Bank Victoria’s experienced wealth managers address the interconnected concerns of wealthy individuals and families so as to deliver a customised spectrum of financial planning services and investment options. As part of the bank’s wealth management strategy, Bank Victoria offers a range of life insurance policies (bancassurance programmes) through its collaboration with esteemed insurance providers PT BNI Life Insurance and PT Asuransi Jiwa Generali Indonesia among others.
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