Mutiara Bank was previously known as Bank Century and has since been restructured in the lead up to being acquired in late 2014 by J Trust Co., Ltd (J Trust) – a Japan-based holding company with a wealth of experience in the global financial industry. Under new leadership, Mutiara Bank is on the precipice of a corporate evolution that will soon see it rebranded as Bank J Trust Indonesia, and strengthen its position as a leading bank in Indonesia with an emphasis on the retail and SME segment.
To better meet growing local demand for trusted banking products and services, Mutiara Bank is investing in the latest IT technology and systems for greater efficiency and to significantly enhance customer convenience such as through internet banking and branchless banking. Under the guidance of J Trust, the bank strives to adhere to strict international standards of operation and in this regard positions itself to serve as the financial institution of choice for cross border transactions, with a specialized understanding of markets in East Asia.
The successful implementation of new internal processes is predicated on the bank’s ability to synergize its corporate culture with the values of its parent company. A shared focus on encouraging integrity, transparency and innovation at all levels of operation ensures a seamless transition for Mutiara Bank in working with fresh ownership to assume an industry leading role not only in Indonesia, but on the regional stage as well.
Going forward, Mutiara Bank will stand as the cornerstone and foundation of J Trust’s growing presence in Southeast Asia. With the integration of the ASEAN’s banking industries set to take place over the coming years, the bank will prosper from a wider scope of opportunities to tap into its extensive branch network and advantageous position within high return segments.
Total Assets: 12.682 trillion IDR
Loan to Deposit Ratio: 71.14
Operational Cost to Operational Revenue (BOPO): 135.91
Net NPL Ratio: 5.45%
Capital Contribution: J Trust Co., Ltd.: 99%, LPS: 0.996%, General Public: 0.004%
Number of Branches: 61
Main Services Areas: Retail, Consumer and SME banking services
Building on Bank Century’s strengths in coverage among the ethnic Chinese communities of Indonesia; Mutiara Bank has positioned itself at the forefront for the growing demand for trade finance services between Indonesia and China. Alongside China, the bank’s international treasury services for international transactions, export, import and remittances are being utilised for intra ASEAN trade in the lead up to the ASEAN One Market in 2015. The bank has the capacity to serve a diverse range of international markets as Indonesia’s trade network continues to expand globally.
Mutiara Bank has established a far reaching network of branch offices, sub branches, cash offices as well as ATM outlets throughout Indonesia. While maintaining a growing presence in Jakarta, the bank is also concentrating on the country’s growing regions outside of Java across East Indonesia and the thriving secondary cities such as Surabaya where their 58th branch was opened in mid 2011. The continued expansion of its branch and ATM network is part of Mutiara Bank’s ongoing strategy to position itself as the leading retail bank for the Indonesian market.