PT Bank Index Selindo (Bank Index)
Established in 1993, Bank Index is a private Indonesian foreign-exchange licensed bank. The Bank focuses on the SME sector (working capital and investment loans), which comprised 84% of the total number of loans. Bank Index is strategically situated in 22 cities across Java, Sumatra, Sulawesi and Bali. The Bank has total 58 branches – 22 of which are located in Jakarta while the rest are in other major cities. Bank Index is majority owned by Setiawan family, a prominent Indonesian family, whose business interests range from financial services, sugar and flour refinery and property. As of September 2019, Bank Index’s loans and deposit portfolio stood at USD 490 million and USD 505 million respectively.