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BANKING - JAKARTA. PT Bank BTPN Tbk (Bank BTPN) has secured approval to operate as a custodian bank from the Financial Services Authority (OJK). The bank is now offering custodian services to both institutional and individual investors, both domestic and foreign.
This decision is based on the Approval Letter from the OJK Banking Supervisor No. S-71/PB.311/2024 dated January 21, 2024, regarding the Approval of Custodian Activities and the Decree of the OJK Board of Commissioners Number KEP-31/PM.02/2024 on the Approval of Commercial Banks as Custodians on behalf of PT Bank BTPN Tbk, established in Jakarta on May 7, 2024.
With OJK's Blessing, Bank BTPN Officially Becomes a Custodian Bank.
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“Bank BTPN is committed as a public bank whose company shares have been listed on the stock exchange to increase the number of investors in the Indonesian capital market by collaborating with investment actors and managers using the products and services that have been available at Bank BTPN, including Custodian services,“ said Nathan Christianto, Head of Wholesale Banking Group at Bank BTPN in a press release, Monday (27/5).
As a custodian bank, Bank BTPN will carry out transactions related to securities (such as shares, bonds, and Collective Investment Contract Mutual Fund participation units) and represent account holders who are its customers.
Thus, Bank BTPN will serve the opening of custodian securities accounts, securities storage, transaction settlement, corporate actions, financial administration, to reporting.
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"Bank BTPN focuses on making it easier for investors to enjoy the benefits of investment optimally by presenting complete custodian services. We will also synergize comprehensive and innovative financial services in the Bank BTPN ecosystem to provide more flexibility for investors in determining their investment goals," he explained.
In addition, Bank BTPN also plans to offer custodian services for foreign investors through the SMBC network, which is expected to support the sustainable growth of the Indonesian capital market.
He added that as a pioneer of digital banking in Indonesia through Jenius, the latest custodian service from Bank BTPN can also take advantage of Jenius's digital capabilities as life finance solutions from Bank BTPN. One of them is by collaborating with mutual fund sales agents and government bonds.
Furthermore, Bank BTPN is also ready to fulfill its obligation to prioritize security and efficiency in running custodian service operations following OJK regulations on the banking industry and capital markets.
This obligation includes compliance with the application of consumer personal data protection and anti-money laundering, prevention of terrorist financing, and prevention of weapons of mass destruction financing.
This will be an important factor in providing a sense of security and trust for customers that their assets can be administered and stored properly at Bank BTPN.
“We hope that Bank BTPN's custodian services can help increase the financial literacy of the community in making targeted investments according to the desired risk profile. That way, investment in the capital market can continue to grow sustainably, which also helps to boost the country's economy. Going forward, we will continue to present more meaningful and positive impact financial services for all layers of society,” concluded Nathan.
