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Trades about 38% below its sector, cheaper than its peers on earnings.
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk, along with its affiliated entities, serves individual and corporate clientele across Indonesia by delivering a wide array of banking products and financial services. Its operations are bifurcated into Conventional and Sharia-compliant divisions. The bank's deposit options encompass current, savings, time, and call money accounts, in addition to certificates of deposit and deposit on calls. For credit needs, it extends consumer, working capital, small business, and short-term loans. Supplementary financial provisions include supply chain finance, cash collateral credit, and bank guarantee facilities, as well as card and debit card offerings. Furthermore, the company furnishes treasury, insurance, mutual fund, foreign exchange, cash management, trade finance, e-banking, and safe deposit box services. By December 31, 2021, the institution boasted an extensive branch network of 980 offices, comprising regional headquarters, main branches, sub-branches, cash offices, and various other operational points. Established in 1961, the bank initially bore the name PT Bank Pembangunan Daerah Jawa Barat before formally adopting its present moniker in November 2007. Its principal office is located in Bandung, Indonesia.
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