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Description

PT Bank Pembangunan Daerah Jawa Timur Tbk ("Bank Jatim") was established under the name of PT Bank Pembangunan Daerah Djawa Timur based on the notarial deed No. 91 dated August 17, 1961 of Anwar Mahajudin. Pursuant to Law No. 13 year 1962 regarding the Basic Terms for Regional Development Banks, which require that the establishment of Regional Development Banks be based on Municipal District Regulations, therefore the Municipal District I of East Java issued Municipal District Regulation No. 2 year 1976. Based on such Municipal District Regulation, the name of PT Bank Pembangunan Daerah Djawa Timur was changed to Bank Pembangunan Daerah Jawa Timur. The main role of the Bank is to participate in developing regional economic growth by providing facilities to small and medium scale businesses to achieve appropriate profit levels. Its main activities involve collecting and lending funds and rendering other banking services.