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December 13, 2024 | 02:13 pm
TEMPO.CO, Jakarta - The government will establish a Digital Bank Cooperative. Deputy Minister of Cooperatives Ferry Juliantono believes that the bank's establishment will be realized within one year.
Ferry said that the Digital Cooperative Bank aims to replace Bank Bukopin's function. The cooperative bank, established during the New Order era, was acquired by Kookmin Bank, a South Korean bank giant, in 2021. "It no longer belongs to the cooperative," Ferry said at the Nusantara Islamic Boarding School Cooperative Festival in the East Jakarta area on Thursday, December 12, 2024.
He said that if it is established later, the Digital Cooperative Bank will carry out the functions that Bank Bukopin has carried out in the past, including helping to finance cooperative operations. The Gerindra politician said that cooperatives must immediately have a bank.
Acting Chairman of the Indonesian Cooperative Council Agung Sudjatmoko agrees that cooperatives must have a bank, just like Bank Bukopin used to. He witnessed the release of Bank Bukopin in 2001-2002 from the National Banking Restructuring Agency (IBRA).
However, at that time, 12 cooperatives, as Bukopin shareholders, were unable to meet the capital ratio rules set by Bank Indonesia (BI). In addition, Agung claims, the government tends to let Bukopin, even though the government has a 16 percent stake, 35 percent cooperative shares, and most Bulog shares.
Reporting from kbbank.co.id, PT Bank KB Bukopin Tbk was established on July 10, 1970 under the name Indonesian Cooperative Commercial Bank (Bukopin). The bank started doing commercial business as a cooperative commercial bank in Indonesia on March 16, 1971.
In 1990, Bank Bukopin merged with several cooperative commercial banks. The name change of Indonesian Cooperative Commercial Bank (Bukopin) to Bank Bukopin was ratified in the Meeting of Members of Indonesian Cooperative Commercial Bank as outlined in letter No. 03/RA/XII/92 on December 2, 1992.
Bank Bukopin's legal status then changed from a cooperative to a limited liability company. On July 1, 1993, Bank Bukopin started business activities as a limited liability company.
Most recently, Bank Bukopin officially changed its name to PT Bank KB Bukopin Tbk after being acquired by KB Kookmin Bank in 2021. KB Kookmin Bank became the controlling shareholder of KB Bank with a total stake of 67 percent.
HAN REVANDA | MARTHA WARTA SILABAN
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