PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara (), doing business as Bankaltimtara, is an

Indonesian regional development bank Regional Development Banks ( id, Bank Pembangunan Daerah, or BPD) are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the pr ...

serving East Kalimantan and

North Kalimantan North Kalimantan ( id, Kalimantan Utara) is a province of Indonesia. It is located on the northernmost of Kalimantan, the Indonesian part of the island of Borneo. North Kalimantan borders the Malaysian states of Sabah to the north and Sarawak t ...

. It was previously known as ''Bank Kaltim'' or East Kalimantan Bank until 2017 when the company was renamed after new

province was created. It is also one of the biggest compared to other province's regional development banks in Indonesia.

History

The company was established by Regional Law Number 3 of 1964. As of 2018, 37% of the bank shares are owned by East Kalimantan provincial government, while the rest is distributed to government of regencies and cities in East and North Kalimantan province. As with other regional development banks in Indonesia, its commissioner is appointed directly by provincial government serving 4 years-term and managed by regional provincial laws.

References

{{Banks in Indonesia Banks of Indonesia Regionally-owned companies of Indonesia Government-owned banks of Indonesia