Bankaltimtara

PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara (lit. 'Regional Development Bank of East Kalimantan and North Kalimantan'), doing business as Bankaltimtara, is an Indonesian regional development bank serving East Kalimantan and North Kalimantan.^[2][3][4] It was previously known as Bank Kaltim or East Kalimantan Bank until 2017 when the company was renamed after North Kalimantan was created five years ago.^[5] It is also one of the biggest compared to other province's regional development banks in Indonesia.^[5][6]

Bankaltimtara

Formerly	Perusahaan Daerah Bank Pembangunan Daerah Kalimantan Timur (Regional Company of East Kalimantan Region Development Bank)
Company type	Public Company, Municipally owned corporation
Industry	Financial services, banking
Founded	14 October 1965[1]
Founder	East Kalimantan Provincial Government[1]
Headquarters	Samarinda, East Kalimantan , Indonesia
Number of locations	276 branches (2018)[1]
Area served	East Kalimantan, Indonesia North Kalimantan, Indonesia Jakarta, Indonesia
Key people	Sulaiman Gafur[1] Muhammad Yamin
Revenue	Rp2,526,627,000 (2018) Rp2,904,586,000 (2017) [1]
Net income	Rp443,690,000 (2018) Rp465,307,000 (2017) [1]
Total assets	Rp25,344,194,000 (2018) Rp22,696,975,000 (2017) [1]
Total equity	Rp3,874,773,000 (2018) Rp4,514,786,000 (2017) [1]
Owner	Government of East Kalimantan Government of North Kalimantan Government of cities and regencies of East Kalimantan and North Kalimantan
Number of employees	2,176 (2018)[1]
Subsidiaries	PT BPR Pembangunan Kutai Timur[1] PT BPR Kutai Sejahtera[1]
Website	www.bankaltimtara.co.id

History

The company was established by Regional Law Number 3 of 1964.^[7][8] As of 2018, 37% of the bank shares are owned by East Kalimantan provincial government, while the rest is distributed to government of regencies and cities in East and North Kalimantan province.^[1] As with other regional development banks in Indonesia, its commissioner is appointed directly by provincial government serving 4 years-term and managed by regional provincial laws.^[9][10]