Bank Woori Saudara

Bank Woori Saudara (formerly known as Bank Saudara) is an Indonesia-based financial institution. Bank Saudara was founded in 1906 by ten merchants of Pasar Baru in Bandung, West Java. The Bank's products and services include savings and checking accounts, fixed deposits, credit loans and other banking services.

PT Bank Woori Saudara Indonesia 1906 Tbk

Type	Public
Traded as	IDX: SDRA
Industry	Banking
Predecessor	Perkumpulan Himpoenan Soedara (1906)
Founded	1906 (1906) (as Himpoenan Soedara group) 15 June 1974 (1974-06-15) (as a company)
Headquarters	Treasury Tower, Jakarta, Indonesia
Key people	Hwang Gyusoon (President Director)
Services	Financial
Revenue	Rp 1.247 trillion (2020)
Net income	Rp 536.001 billion (2020)
Total assets	Rp 38.05 trillion (2020)
Total equity	Rp 7.270 trillion (2020)
Owners	Woori Bank (84.20%) Arifin Panigoro (7.38%)
Number of employees	1,455 (2020)
Website	bankwoorisaudara.com

On 14 March 2012, Bank Saudara announced a plan to merge with Bank Woori Indonesia, Indonesian subsidiary of Woori Bank of South Korea.[1] PT Bank Himpunan Saudara 1906, Tbk (Bank Saudara) has obtained approval from Bank Indonesia (BI) via an approval letter on December 30, 2013 related to the purchase of 27% (twenty-seven percent) Bank Saudara’s shares by the Woori Bank of Korea and the remaining 6% (six percent) has been approved in advance on April 16, 2013. Earlier this year, Woori achieved one of its long-awaited overseas operation goals ― Indonesia’s central bank approved Woori’s acquisition of a 33-percent stake in Bank Saudara.