Nobu Bank, Century Tokyo Join Hands to Serve Japanese Firms in Indonesia

Nobu Bank signed a memorandum of understanding on Wednesday (05/09) with the local unit of Japanese financing and leasing firm Tokyo Century Corporation on the provision of payment services and financing facilities. (B1 Photo/Anselmus Bata)

By : Sarah Yuniarni | on 12:00 PM September 06, 2018
Category : Business, Banking/Finance

Jakarta. Bank Nationalnobu, a small lender controlled by the Lippo Group, signed a memorandum of understanding on Wednesday (05/09) with the local unit of Japanese financing and leasing firm Tokyo Century Corporation on the provision of payment services and financing facilities.

"The partnership is an important momentum for Nobu Bank because the collaboration opens opportunities for both parties to explore various strategic and mutually beneficial cooperation," Nobu Bank president director Suhaimin Djohan said in a statement.

The partnership will allow both companies to expand their business marketing services in various cities in Indonesia. Bank Nobu will also provide payment provision, transaction and financing facilities to Japanese companies in Indonesia.

Suhaimin said the partnership will also support the development of human resources at both companies.

To support the country's digital economy, the lender is also developing an e-channel payment system to facilitate customer transactions through various services, such Nobu Mobile (mobile phone banking services), Nobu e-Money and Nobu e-Pay.

As a subsidiary of one of Indonesia's largest property companies, Nobu Bank is benefitting from Lippo's diverse businesses, which include retail, hospital, cable television and internet services.

Century Tokyo Leasing Indonesia is a subsidiary of Japanese financial services company Tokyo Century Corporation.

Tokyo Century Corporation, which operates in 37 countries, announced on May 30 this year that it had acquired a 5 percent stake in Nobu Bank. However, it did not disclose the amount of the deal.

Tokyo Century stakeholders also include the Mizuho Group and Itochu Corporation

The acquisition is the part of Tokyo Century's million-dollar foray into Indonesia's financial industry and digital economy.

The Jakarta Globe and Nobu Bank are both affiliated with the Lippo Group.

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