'Kartu Seru' holders have freedom in Singapore

'Kartu Seru' holders have freedom in Singapore

Thanks to a cooperation agreement, Bank NISP customers traveling
to Singapore can now withdraw money from 360 ATMs belonging to
the OCBC Bank of Singapore.

All Bank NISP holders of "Kartu Seru" cards can withdraw money
from all ATMs belonging to OCBC Bank and Singaporean travelers
can do the same here.

Until June Bank NISP depositors can withdraw cash from OCBC
Bank ATMs in Singapore with no fees, with a daily withdrawal
limit set at between Rp 1 million (US$105) and Rp 10 million.

Domestically, holders of Bank NISP "Kartu Seru" cards can now
withdraw money from a network of 8,500 ATMs in Indonesia,
including ATM NISP, ATM Bersama and ATM BCA.

OCBC depositors, when withdrawing money from Bank NISP's ATMs,
will be charged S$2 per transaction, with a daily transaction
limit of between S$1,000 and S$5,000.

OCBC Bank is the majority shareholder of Bank NISP,
controlling a 51 percent stake.

OCBC is Singapore's oldest bank and has a total assets of
around Rp 670 trillion (US$70 billion), with 112 branches and
representative offices in 14 countries, including Singapore,
Malaysia, Indonesia, China, Hong Kong, Japan, Australia, Britain,
and the United States.

Bank NISP, established on April 4, 1941, is Indonesia's
fourth-oldest bank. The bank posted total assets of Rp 18.8
trillion as of March 31.

Bank NISP booked an unaudited net profit of Rp 93.1 billion in
the first quarter of this year, up by 69 percent from Rp 55.3
billion in the same period last year.

This sharp increase in profit resulted from a 22 percent
increase in loans disbursed, from Rp 8.8 trillion to Rp 10.8
trillion.

Meanwhile, non-performing loans stayed low at 1.26 percent,
and the bank's capital adequacy ratio stayed at 15.92 percent,
almost double Bank Indonesia's minimum requirement of 8 percent.

Third party funds also increased, from Rp 10.5 trillion to Rp
13.8 trillion, while the bank's loan-to-deposit ratio stood at
78.07 percent, indicating the bank's active role in its
intermediary function.

Bank NISP's sound performance has been recognized by several
institutions. The bank, for instance, was voted as the "Best
Emerging Market Bank in Indonesia 2004" by New York-based Global
Finance magazine, "Best Issuer in the Banking Sector 2004" from
Investor magazine, Indonesia, and "Best Bank in Indonesia 2003"
by London-based Euromoney magazine.

Bank NISP's premier products
* Tabungan TANDA. This deposit product offers a number of
benefits to depositors: A free gift for any opening of new
account with a minimum deposit of Rp 100,000, "TANDA Seru"
drawing with a total prize of 8 billion a year, and "Kartu Seru"
cards that can be used to do transactions at 8,500 ATMs in
Indonesia and 360 ATMs in Singapore.
* KPR Merdeka NISP. With KPR Merdeka, Bank NISP is a pioneer in
channeling loans after the crisis. This credit was described as
an "innovative marketing program for housing loans" by Properti
Indonesia magazine.
* KPM Merdeka NISP. KPM Merdeka gives financing facilities to
customers who want to purchase their own cars, new or secondhand.
This facility promises quick processing and low interest rates.
* KMG Merdeka NISP. KMG Merdeka provide quick credit for
customers using houses and cars as their collateral. This
facility promises quick processing, with the amount adjusted to
customers' needs.