LINE Bank by Hana Bank Indonesia

Key details

• Parent: Hana Bank Indonesia

Overview

LINE Bank by Hana Bank Indonesia is Indonesian digital-first commercial bank + Hana Financial Group Korean parent KRX: 086790 ~88%+ controlling via Hana Bank Indonesia + LINE Corporation Japanese-Korean tech parent strategic partnership + one of Indonesia's leading digital-first commercial banks + founded Jun 10 2021 in Jakarta Indonesia as Hana Bank Indonesia + LINE Corporation Japan partnership digital-first commercial bank [1, id-cro].

History

1971 — Bank Bina Dana Arta founded in Jakarta Indonesia as small Indonesian commercial bank.

2007 — Hana Financial Group Korean parent acquires Bank Bina Dana Arta + rebrands as Bank KEB Hana Indonesia.

Jun 10 2021 — LINE Bank by Hana Bank Indonesia founded in Jakarta Indonesia as Hana Bank Indonesia + LINE Corporation Japan partnership digital-first commercial bank distinctive Indonesian-Korean-Japanese digital banking heritage.

Ownership & operator

Operating entity: LINE Bank by Hana Bank Indonesia (Indonesian digital-first commercial bank).

Major shareholders: Hana Financial Group (KRX: 086790; Korean parent) ~88%+ controlling via Hana Bank Indonesia + LINE Corporation (Japanese-Korean tech parent; LINE messenger + LINE Pay) strategic partnership.

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI + Financial Services Commission FSC Korea via Hana Financial Group parent.

Technical integration

LINE Bank Mobile app (iOS + Android) + linebank.co.id online + LINE Bank Indonesia digital-first retail commercial banking + limited Indonesian branch network + LINE Visa + Mastercard cards; QRIS (Quick Response Code Indonesian Standard; Indonesian national QR payment scheme) + BI-FAST (Indonesian instant payments) + EMVCo QRCPS QR payments + Indonesian Rupiah IDR domestic transfers; LINE Pay messenger payments integration via LINE Corporation partnership.

Implementations & partners

Parent group: [[hana-financial-group]] (Hana Financial Group; KRX: 086790; Korean commercial banking holding; one of South Korea's largest commercial banks by assets).

Major Indonesian banking + payments competitors: [[bank-rakyat-indonesia]] (BRI) + [[bank-mandiri]] (Bank Mandiri) + [[bank-central-asia]] (BCA) + [[bni-indonesia]] (BNI) + [[bank-jago]] (Bank Jago; GoTo Group parent) + [[seabank-id]] (SeaBank Indonesia; Sea Limited NYSE: SE parent) + [[allo-bank]] (Allo Bank; Mega Corpora + Bukalapak partnership) + [[neo-bank-indonesia]] (Bank Neo Commerce; Akulaku Group parent) + qris (QRIS Indonesian national QR payment scheme).

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI + Financial Services Commission FSC Korea via Hana Financial Group parent.

Status

Active, Indonesian digital-first commercial bank + Hana Financial Group Korean parent KRX:086790 ~88%+ controlling via Hana Bank Indonesia + LINE Corporation Japanese-Korean tech parent strategic partnership + one of Indonesia's leading digital-first commercial banks + founded Jun 10 2021 in Jakarta Indonesia as Hana Bank Indonesia + LINE Corporation Japan partnership digital-first commercial bank [1, 2].

Sources

• 1 LINE Bank ID — official
• 2 LINE Bank — Wikipedia
• id-cro In-corpus: reports/countries/ID-indonesia.md

Source

Biography extracted from line-bank-indonesia.md. See matrix.md for standards-support matrix if present.