J Trust Bank

Indonesian bank

Bank CIC Internasional
Bank Danpac
Bank Pikko
CenturyBank
MutiaraBank

Founded29 May 2015; 9 years ago (2015-05-29)HeadquartersJakarta, IndonesiaWebsitewww.jtrustbank.co.id

PT Bank JTrust Indonesia Tbk^[1] (IDX:BCIC) is an Indonesian bank founded in 2015. The bank is based in Jakarta.

History

J Trust Co., Ltd. (J Trust), a holding company with the global scope of operations is located in Toranomon First Garden, 1-7-12 Toranomon, Minato-ku, Tokyo 105-0001. The company was selected as the winner among 11 applicants in the divestment of Bank Mutiara (formerly Bank Century, which was subject of a controversial bailout in 2008)^[2] which previously was under the control of the Indonesia Deposit Insurance Corporation (LPS).^{[citation needed]}

After management restructuring as well as other recovery efforts, the bank was divested by LPS to J Trust Co., Ltd. The number of shares transferred at the time was 99% which was in compliance with the approval letter from The Indonesia Financial Services Authority (OJK) dated 20 November 2014 with value of Rp. 4.41 Trillion and Price to Book Value of around 3.5 times.^[3]

After becoming a controlling shareholder, J Trust supported some internal improvements at the bank and group consolidation. At The Extraordinary General Meeting of Shareholders dated 30 March 2015, the meeting approved the re-branding of Bank Mutiara to be J Trust Bank to be inline with other J Trust Group corporate identities in Japan, South Korea, and Singapore. After receiving approval from The Ministry of Law and Human Rights dated 7 April 2015 and OJK approval dated 21 May 2015, PT Bank JTrust Indonesia Tbk. is formally announced to the public at 29 May 2015.^[4]

Leadership

Source:^[5]^[6]

Board of Commissioners

President Commissioner: Nobiru Adachi
Commissioner : Nobuiku Chiba
Independent Commissioner: Mahdi Mahmudy
Independent Commissioner: Sutirta Budiman

Board of directors

President Director: Ritsuo Fukadai
Director : Felix I. Hartadi
Director : Helmi A. Hidayat
Director : Cho Won June
Director : Bijono Waliman

Ownership

J Trust Co., Ltd.: 86.685%
J Trust Asia PTE Ltd.: 4.671%
J Trust Investment Indonesia: 1.000%
Public: 7.643%

References

^ "PT. Bank J TRUST Indonesia Tbk.: Private Company Information". Bloomberg L.P.access-date=2017-04-07.
^ "Jejak 'Panas' Boediono dan Sri Mulyani di Petaka Century". Archived from the original on 15 January 2023. Retrieved 15 January 2023.
^ "Lembaga Penjamin Simpanan – SIARAN PERS Nomor: Press – 19/SEKL/2014 – Siaran Pers". lps.go.id (in Indonesian). Retrieved 7 April 2017.
^ "J Trust Bank | Pengumuman Perubahan Nama Perseroan". jtrustbank.co.id. Retrieved 7 April 2017.
^ "J Trust Bank | Board of Commissioner". jtrustbank.co.id. Retrieved 7 April 2017.
^ "J Trust Bank | Board of Director". jtrustbank.co.id. Retrieved 7 April 2017.

External links

Official Website of J Trust Bank

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks
State-owned banks	Bank Mandiri Bank Negara Indonesia Bank Rakyat Indonesia Bank Tabungan Negara
National private foreign exchange banks	Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Maybank Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan OCBC Indonesia Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia Bank Woori Saudara
National private non foreign exchange banks	Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti
Regional banks	Bank Banten Bank Bengkulu Bank BJB Bank BPD Bali Bank BPD DIY Bank DKI Bank Jambi Bank Jateng Bank Jatim Bank Kalbar Bank Kalsel Bank Kalteng Bankaltimtara Bank Lampung Bank Maluku Bank Nagari Bank NTT Bank Papua BRK Syariah Bank Sulsel Bank Sultra Bank Sulteng Bank BSG Bank Sumsel Babel Bank Sumut
Joint-venture banks	Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia
Foreign banks	Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks
State-owned banks	Bank Syariah Indonesia
National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank DKI Syariah Bank BRI Syariah Bank Mega Syariah Bank Muamalat Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah
Regional banks	Bank Aceh Syariah Bank NTB Syariah
Joint-venture banks	CIMB Niaga Syariah Bank Maybank Syariah Indonesia

Sharia business units of conventional banks
National private foreign exchange banks	Bank Danamon Syariah OCBC NISP Syariah Bank Permata Syariah
Regional banks	Bank BPD DIY Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah
Foreign banks	HSBC Amanah