Bankaltimtara is the common name and commercial brand for PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara Tbk, a regional development bank serving the provinces of East Kalimantan (Kalimantan Timur) and North Kalimantan (Kalimantan Utara) in Indonesia. As a Bank Pembangunan Daerah (BPD), it is a regional bank established by the provincial governments to support local economic development and provide banking services within its designated regions.
History
Bankaltimtara was established on October 14, 1965, based on Regional Regulation No. 3 of 1965. Initially, its operational focus was solely on the province of East Kalimantan. Following the establishment of North Kalimantan as a separate province in 2012, its operational scope expanded to include this new province, leading to the adoption of its current full official name, "Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara," which is reflected in its popular abbreviation, Bankaltimtara. The "Tbk" (Terbuka) designation indicates it is a publicly listed company.
Scope and Operations
Bankaltimtara operates as a full-service commercial bank with a mandate to foster regional economic growth and improve community welfare in East Kalimantan and North Kalimantan. Its services include:
- Retail Banking: Offering savings accounts, current accounts, time deposits, and various personal loan products for individuals.
- Corporate and SME Banking: Providing credit facilities, working capital loans, and investment loans for small and medium-sized enterprises (SMEs) and larger corporate clients.
- Government Banking: Managing regional government financial transactions, including budget disbursement, tax collection, and various public service payments. It plays a significant role in supporting provincial and local government financial administration.
- Digital Banking: Providing modern banking conveniences through ATM networks, mobile banking, and internet banking platforms.
- Other Services: Including treasury services, remittances, and credit facilities tailored for civil servants and regional government employees.
The bank maintains a network of branches and ATMs across both provinces to serve its diverse customer base.
Ownership
Bankaltimtara is primarily owned by the provincial governments of East Kalimantan and North Kalimantan, along with the various regencies (kabupaten) and cities (kota) within these two provinces. This ownership structure reinforces its commitment to regional development and public service, distinguishing it from purely private commercial banks.
Significance
As a key financial institution in its regions, Bankaltimtara plays a crucial role in:
- Regional Economic Development: By providing financing for local infrastructure projects, supporting local businesses, and facilitating investment.
- Financial Inclusion: Extending banking services to a broader population, including those in more remote areas within East and North Kalimantan.
- Public Finance Management: Serving as a vital partner for regional governments in managing their finances efficiently and transparently.
Its operations are central to the economic stability and growth of the provinces it serves, reflecting the broader role of BPDs throughout Indonesia.