Jakarta. KB Bank announced Wednesday that it had undergone a name change in an effort to strengthen its corporate identity as part of the South Korean financial giant KB Financial Group.

The company was known as PT Bank KB Bukopin Tbk. It has now changed its legal name Bank KB Indonesia Tbk. 

KB Bank’s deputy president director Robby Mondong said that the name change also reflected the company’s renewed spirit in delivering modern, inclusive, and adaptive financial services. The company seeks to become the bank of choice for Indonesians through its various financial solutions tailored to meet their needs.

“This name change is part of our long-term commitment to transforming KB Bank into a stronger and more trusted financial institution. It reflects our alignment with KBFG’s global identity and embodies our aspiration to grow alongside the Indonesian people,” Robby said.

The company has made a series of transformations. It started with a name change to PT Bank KB Bukopin Tbk in 2021, followed by a visual identity and corporate logo refresh in March 2024 to become “KB Bank”. 

As PT Bank KB Indonesia Tbk, the company aims to cement its position in the national banking industry, particularly in the retail, small and medium enterprises (SME), wholesale, and digital banking sectors. 

KB Bank also seeks to deliver innovative, technology-driven, and human-centered services via its digital platforms such as KBStar and other customer-focused offerings.

Robby said that the renaming process took place transparently and accountably. The company also involved cross-functional teams, including legal, compliance, risk, and corporate secretariat, with support from independent legal consultants and a notary.

KB Bank also stated that all procedures had followed good corporate governance (GCG) principles. They have also reported the name change to the Law Ministry, the Financial Services Authority (OJK), and Bank Indonesia.

Despite the name change, the company’s ownership structure and legal status remain unchanged. All existing agreements and legal commitments remain valid and unaffected. All customer services will continue to operate as usual, according to KB Bank. 

“We want to assure all our customers and business partners that this change will not affect the convenience of our services. We remain committed to maintaining system integrity, ensuring smooth transactions, and delivering the best banking experience in the digital era,” Robby said.

KB Bank has also appointed Kunardy Lie as its president director. 

The company said that the leadership appointment was part of KBFG’s commitment to support KB Bank’s transformative agenda. The appointment currently awaits the completion of the fit and proper test, in accordance with the applicable regulations. 

According to KB Bank’s statement, Kunardy Lie boasts over two decades of experience in banking with a track record that demonstrates a strong ability to bridge local needs with global best practices. Such skills align with KB Bank’s mission to become the financial partner of choice for Indonesians, supported by KBFG’s extensive network and capabilities.

PT Bank KB Indonesia Tbk seeks to back national financial inclusion, empowering entrepreneurs, and strengthening its position as a trusted financial partner for the people of Indonesia.