As the first bank owned by the Government of Indonesia, PT Bank Negara Indonesia (Persero) Tbk, established in 1946 began its history by serving as the central bank as stipulated in Government Regulation in Lieu of Law No. 2/1946. In 1955, when the Indonesian government established Bank Indonesia as the Central Bank, BNI began operations as a commercial bank. Furthermore, the role of BNI as a bank that was mandated to improve the people’s economy and participate in national development was confirmed by Law No. 17 Year 1968 on Bank Negara Indonesia 1946.
Asuransi Jasindo is a State-Owned Enterprise (SOE) which establised based on Government Regulation No. 10 / 1973 concerning on the State Participation to establish limited company in General Insurance. The Company is a merged of 2 (two) State-Owned Enterprises, PT Umum International Underwriters and PT Asuransi Bendasraya.
PT. Timah as a Limited Liability Company Timah was established on August 2nd, 1976. It is a State-Owned Enterprise engaged in tin mining and has been listed on Indonesia Stock Exchange since 1995.
The company’s scope of activity includes mining, industry, trading, transportation and services. The company’s main activity is as the holding company that performs tin mining operations and marketing services to their business groups. The company has several subsidiaries engaged in the workshop and shipbuilding, engineering services, tin mining, tin consulting and tin research services, as well as non-tin mining.
The company was founded as the evolution of cooperation PN Telecommunications and Siemens AG in 1966. This cooperation continues to the formation Factory Telephone and Telegraph (PTT) as part of the LPP Postel in 1968. In 1974, this part of the LPP Postel separated into a Limited Liability Company under the auspices of the Directorate General of Post and Telecommunication. The company is based on the establishment of the Indonesian Government Regulation No: 34 of 1974 dated 23 September 1974 concerning remittance of capital for the establishment of the Republic of Indonesia (Persero) in the Telecommunications Industry and the Decree of the Minister of Finance of the Republic of Indonesia No.: Kep-1771/MK / IV/12/1974 dated December 28, 1974 on the Establishment of the Company's capital.