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 (Cayman Branch) raises funds through the issuance of senior and subordinated debt securities.
PT Bank Rakyat Indonesia (Persero) TBK has Category B banking license number 90013 issued by the Cayman Islands Monetary Authority. This type of license allows PT Bank Rakyat Indonesia (Persero) 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 place for PT Bank Rakyat Indonesia (Persero) TBK. It means that in the event of PT Bank Rakyat Indonesia (Persero) TBK failure its depositors will not receive any compensation or coverage.
PT Bank Rakyat Indonesia (Persero) TBK is authorized and supervised by the Cayman Islands Monetary Authority.