Established in 1895, Bank Rakyat Indonesia (Pesero) is the oldest bank in Indonesia. Bank Rakyat Indonesia serves private individuals, and micro-, small- and medium-sized companies. Bank Rakyat Indonesia provides deposit and lending products with the focus on microloans.
PT Bank Rakyat Indonesia (Pesero) TBK has Category B banking license number 90013 issued by the Cayman Islands Monetary Authority. This type of license allows PT Bank Rakyat Indonesia (Pesero) TBK to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of PT Bank Rakyat Indonesia (Pesero) TBK failure its depositors will not get any compensation.