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Home / About Us
Our History
Home / About Us
Our History
Company Overview Company Vision, Mission and Values Our History Management Profile Holding Structure Organizational Structure Awards and Certifications
HISTORY OF INDONESIA FINANCIAL GROUP
HISTORY OF INDONESIA FINANCIAL GROUP
1973
PT Bahana Pembinaan Usaha Indonesia was established with shares owned by the Bank Indonesia 82.2% & Republic of Indonesia 17.8%.
1993
Establishment of PT Bahana Artha Ventura and PT Bahana Sekuritas.
1994
Establishment of PT Bahana TCW Investment Management.
1996
Secured loan from The EXIM Bank for PMV development.
1998
Establishment of Regional Venture Capital in 27 provinces throughout Indonesia. 
2004
Acquisition of 52.88% Shares of PT Grahaniaga Tatautama.
2010
Transfer of Bank Indonesia Share Ownership, so that BPUI is 100% owned by the Republic of Indonesia. 
2013
Bahana Sekuritas strategic alliance with Daiwa Securities Group.
2016
Bahana Sekuritas strategic alliance with Affin Hwang.
2017
BAV channels Ultra Micro (UMI) from the Government Investment Center (PIP).
2018
Activation of one of PT Bahana Kapital Investa's subsidiaries.
2020
  • BPUI officially became the parent of PT Asuransi Kredit Indonesia (Askrindo), PT Jaminan Kredit Indonesia (Jamkrindo), PT Asuransi Kerugian Jasa Raharja (Jasa Raharja) and PT Asuransi Jasa Indonesia (Jasindo) in addition to its existing subsidiaries, namely PT Bahana Sekuritas, PT Bahana TCW Investment Management, PT Bahana Artha Ventura, PT Grahaniaga Tatautama and PT Bahana Kapital Investa.
  • Change of Brand and Logo of BPUI to Indonesia Financial Group (IFG).
  • Establishment of PT Asuransi Jiwa IFG (IFG Life).
2021

      PT Asuransi Jiwa IFG (IFG Life) obtained a business permit from the Financial Services.

      IFG has been fully operational in perfoming various goverment assignments and business development.
      2022
      IFG has been officially designated as the Main Entity and Financial Conglomerate by the Financial Services Authority (OJK).

      PT Bahana Pembinaan Usaha Indonesia (Persero) was founded in 1973 which aims to provide guidance to micro, small and medium enterprises (MSMEs) in Indonesia through the provision of assistance and working capital.

      In tandem with business growth and evolving needs, BPUI has expanded its financial service operations into the realms of capital market investment, investment banking and securities trading through PT Bahana Securities. This expansion has included a joint venture with Trust Company of The West, resulting in the establishment of PT Bahana TCW Investment Management, an investment management company. Additionally, BPUI now offers support and financing services for micro, small and medium-sized enterprises (UMKM) through PT Bahana Artha Ventura. Furthermore, the company has ventured into property management services through PT Grahaniaga Tatautama, along with investment and financial advisory services through PT Bahana Kapital Investa.

      In 2020, the government, through Government Regulation No. 20 of 2020 dated March 16, 2020, officially designated PT Bahana Pembinaan Usaha Indonesia (Persero) as a State-Owned Enterprise (SOE) and entrusted it with the role of being the Holding Company for Insurance, Guarantee and Investment. As a consequence of this decision, four new entities were incorporated into the holding company, namely PT Asuransi Kerugian Jasa Raharja (Jasa Raharja), PT Asuransi Jasa Indonesia (Jasindo), PT Jaminan Kredit Indonesia (Jamkrindo) and PT Asuransi Kredit Indonesia (Askrindo).

      In 2020, PT Bahana Pembinaan Usaha Indonesia (Persero), a State-Owned Enterprise (SOE) operating in Insurance, Guarantee and Investment underwent a brand transformation and rebranded itself as Indonesia Financial Group (IFG). In December 2020, the government, in conjunction with the DPR RI Commission VI, approved State Capital Injection (Penyertaan Modal Negara/PMN) into IFG to establish IFG Life. The establishment of IFG Life is an integral part of IFG business strategy to expand its portfolio in the life and health insurance sector.