PT Bank Kesejahteraan Ekonomi was established on October 4, 1991, based on a notarial deed No.37 of Siti Pertiwi Henny Shidki, S.H., notary in Jakarta, which was then amended by notarial deed No.122 dated November 20, 1991 by the same notary. The Bank’s deed of establishment has been approved by the Minister of Justice of the Republic of Indonesia in its Decision Letter No.C2- 7107 HT.01.01.Th91 dated November 27, 1991 and was published in the State Gazette of the Republic of Indonesia No.528 Supplement No.11 dated February 7, 1992.
The Bank’s Articles of Association have been amended several times, the latest amendment by Judy K.H. Sentana, S.H., M.H., notary in Jakarta, No.17 dated February 21, 2013, concerning the changed the authorized capital Bank. This amendment was approved by Minister of Law and Human Rights of the Republic of Indonesia in its Decision Letter No.AHU.01.10-11320 dated March 28, 2013.
Bank BKE started operations in banking activities on February 27, 1992 after obtaining a business license as a commercial bank based on the Decree of the Minister of Finance of the Republic of Indonesia No.256/ KMK.013/1991 dated February 21, 1992
The Bank’s initial capital during the establishment amounted to Rp10 billion, with a composition of 90% of IKP-RI and 10% of PT Taspen 10% as a shareholder of series A shares. To strengthen its business and nancial structure, the number of shareholders also increased with participation Pension Fund of PT Jasindo, Pension Fund of PT Jasa Raharja, Pension Fund of Pertamina, PT Asuransi Ekspor Indonesia, and Cooperative of Bank BKE. In June 2005, PT ASEI’s position was replaced by PT Recapital Advisors, and Pertamina Pension Fund divested its shares in 2009 with AKTA number 13 in the EGMS decision dated June 18, 2009.
Then in 2014, PT Reliance Securities joins Bank BKE as a Shareholder to strengthen the Bank’s capital by increasing the capital of Bank BKE by Rp60 billion. So far, the composition of Bank’s share ownership is owned by 7 (seven) shareholders with 2 (two) shareholders as shareholders of series A shares such as IKPRI and PT Taspen (Persero), and other shareholders as shareholders of series B shares. And in february 2018 PT Danadipa Artha indonesia to join with a bank bke as a major shareholder of by the addition of Bank BKE amounting to Rp.58 billion in strengthening capital structure and development of the business of a Bank BKE in the future.