Bank Nagari
PT. Bank Nagari is a regional development bank (BPD) wholly owned by West Sumatra Province, operating conventional and Sharia banking units across 19 branches, 3 Sharia branches, and an agent network. It serves government, MSME, and retail customers with deposits, lending, and digital channels including Ollin by Nagari mobile banking.
- Company typePrivate
- Founded1962
- HeadquartersPadang, Indonesia
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Bank Nagari does
Bank Nagari (PT. Bank Nagari) is a Regional Development Bank (BPD) wholly owned by the Government of West Sumatra Province, Indonesia, established in 1962 and operating as a Foreign Exchange Bank (Bank Devisa) since 1991. The bank operates 19 conventional branches plus 3 dedicated Sharia branches across all regencies/cities of West Sumatra, with out-of-province branches in Jakarta (1996) and Pekanbaru (1996), and a nationwide agent network (Bank Nagari Link/Agen Laku Pandai) organized into 5 regional groupings. It holds Rp 25-30 trillion in assets (KBMI I classification) and serves as the primary banker for the West Sumatra provincial government and multiple district/city governments, processing Host-to-Host SP2D disbursements, civil servant payroll, and tax collections.
The bank offers a full-service product portfolio across conventional and Sharia (UUS) units: deposit products (Tabungan Sikoci, SIMPEDA, Sikoci Bisnis, Giro, Deposito, and Sharia equivalents), lending (KUR micro/small, KPR/KPR-FLPP, KKB, KMK, Griya Madani, Murabahah, MMQ), payment services (QRIS, BI-FAST, APN cross-border ATM, Western Union, NCM corporate cash management), and digital channels (Ollin by Nagari mobile banking, TPE self-service kiosks, N-Form online loan origination, N-KISS healthcare integration, Nagari Digital Masjid). It is regulated by OJK and Bank Indonesia, and is a member of LPS, ATM Bersama, ATM Prima, and Jaringan Prima.
Bank Nagari generates revenue primarily through net interest margin on conventional and Sharia lending, low-cost government and retail deposits (DPK), transaction fees (BI-FAST Rp 2,500/transaction, APN overseas fees, QRIS merchant fees, NPP bill aggregation), and fee/commission income (insurance bundling, cash management, Western Union). GTM combines a traditional branch-led sales force targeting civil servants, SOEs, and contractors with digital self-service acquisition via Ollin by Nagari and agent-assisted onboarding. The bank has won five consecutive years of INFOBANK 'Excellent Financial Performance' Golden Trophy awards (2018-2022 and 2018-2023), Forbes Best Bank recognition, and 'Best of the Best' Islamic Banking Unit performance in 2022.
Bank Nagari firmographics
Firmographics- Name
- Bank Nagari
- Legal name
- PT. Bank Nagari
- Website
- https://banknagari.co.id
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- PT. Bank Nagari is a regional development bank (BPD) wholly owned by West Sumatra Province, operating conventional and Sharia banking units across 19 branches, 3 Sharia branches, and an agent network. It serves government, MSME, and retail customers with deposits, lending, and digital channels including Ollin by Nagari mobile banking.
- Ownership category
- akta.pro rank
Bank Nagari industry classification
Industry- Product category
- Regional Development Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Islamic SME & Commercial Banking (FSABAGAB)
- akta.pro secondary industries
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)
Keywords
Where Bank Nagari is headquartered
LocationHeadquarters
- HQ city
- Padang
- HQ country
- Indonesia
- HQ region
- Asia
Offices23 records
Markets served
Bank Nagari business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income (Conventional Credit): Interest income from conventional lending products including KUR (Kredit Usaha Rakyat), KMK (Kredit Modal Kerja), KI (Kredit Investasi), KPR (Kredit Pemilikan Rumah), KKB (Kredit Kendaraan Bermotor), KPUM, KRK, KMKK, and overdraft facilities. Interest rates vary by product type, with SBDK (Prime Lending Rate) disclosed monthly for June 2026 across corporate, retail, and SME categories.
- Interest/Break Income (Islamic Banking): Income from Sharia-compliant financing products including Murabahah (cost-plus sale), Mudharabah (profit-sharing), Musyarakah, MMQ (Musyarakah Mutanaqishah), Ijarah (lease), Qardh (loan), and Rahn (pawn) facilities. Revenue derives from margin/profit-sharing spreads on financing of working capital, investment, and consumption purposes across both individual and business customers.
- Fee and Commission Income: Fees from transaction services including ATM/card fees, transfer fees (BI-FAST at Rp 2,500 per transaction, intra-bank, interbank via SKN/RTGS), bill payment processing, SMS notification subscriptions, cash management platform fees, safe deposit box rental, foreign exchange transactions, Western Union remittance commissions, and insurance co-marketing (credit life insurance).
- Third-Party Funds (DPK) — Deposits: Low-cost deposits including demand deposits (Giro), savings (Tabungan Sikoci, SIMPEDA, Sikoci Rencana, Sikoci Pensiun, Sikoci Bisnis, Sikoci Pendidikan), and time deposits (Deposito) in conventional and Sharia (Wadiah, Mudharabah) forms. These funds form the primary lending base generating interest margin income.
- Digital/Fintech Service Revenue: Revenue from digital services including Ollin by Nagari premium features, QRIS merchant transaction fees, Nagari Portal Payment (NPP) bill aggregation fees, APN (Asian Payment Network) cross-border ATM fees, and Host-to-Host SP2D processing fees for government clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | SBDK rates disclosed by borrower category |
| Other | Monthly | KPR FLPP (Government-subsidized home loan) rate |
| Other | Monthly | Griya Madani (Islamic home financing) margin rate |
| Other | Monthly | PKB Sharia vehicle financing margin |
| Other | Pay-as-you-go | KUR Super Mikro Marandang rate |
| Other | Pay-as-you-go | Giro (demand deposit) pricing |
| Other | Monthly | Tabungan Sikoci savings account pricing |
| Other | Monthly | SIMPEDA savings account pricing |
| Other | Monthly | Sikoci Bisnis business savings pricing |
| Other | Monthly | Sikoci Rencana savings plan pricing |
| Transaction based/ take rate | Pay-as-you-go | BI-FAST transfer fee |
| Transaction based/ take rate | Pay-as-you-go | APN overseas ATM fee |
| Other | Annual | Safe Deposit Box rental (Cabang Utama Padang) |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels8 records
Bank Nagari product offering
Product offeringCore offering
Bank Nagari is a regional development bank (BPD) in West Sumatra, Indonesia, providing conventional and sharia (Islamic) banking services. Its core offerings include savings and time deposit products, consumer and commercial lending, payment and transaction banking, and digital channels such as the Ollin by Nagari mobile banking app, agent banking, and NCM Corporate for business customers. The bank primarily serves retail customers, SMEs, corporates, and provincial/regional government entities within West Sumatra.
Product overview
Bank Nagari operates as a regional development bank (Bank Pembangunan Daerah) in West Sumatra, Indonesia, offering a comprehensive portfolio of banking products and digital services. The core offering centers on Ollin by Nagari, a mobile banking application, supported by deposit products including Tabungan Sikoci and SIMPEDA savings accounts. The bank provides a full spectrum of credit products including KUR micro-loans, KMK working capital financing, and Islamic banking offerings such as Tabungan Haji and Griya Madani. Consumer lending includes KKB vehicle financing and KPR home loans. Digital add-on modules encompass N-Form for loan applications, NCM Corporate and Personal for cash management, TPE merchant terminals, N-KISS healthcare payment integration, and Nagari Digital Masjid for religious facility management. The product ecosystem integrates with national payment infrastructure including QRIS, BI-FAST, Western Union, and regional ATM networks.
Differentiator
Problem solved
Functional benefit
Brands
- Ollin by Nagari: Mobile banking application providing features including account opening, transfers, QRIS payments, bill payments, and digital wallet services.
- N-KISS Bank Nagari
- Nagari Digital Masjid
- Nagari Card
- Agen Bank Nagari Link
- NCM (Nagari Cash Management)
Products and services
- Conventional savings and deposit products Conventional savings accounts, current accounts, and time deposits for retail customers, SMEs, corporates, and government entities in West Sumatra.
- Conventional lending products Consumer loans, SME/commercial loans, and corporate credit facilities for individuals, businesses, and government entities in West Sumatra.
- Sharia banking products Sharia (Islamic) banking products including sharia-compliant savings, deposits, and financing for retail customers and businesses in West Sumatra.
- Ollin by Nagari mobile banking Mobile banking application enabling account access, transfers, payments, and other retail banking transactions for Bank Nagari customers.
- Agent banking services Bank Nagari's agent banking network enabling cash-in, cash-out, and basic banking services through partner agents, extending banking reach into sub-branch areas.
- NCM Corporate Corporate cash management and business banking platform offering transaction banking, payment, and liquidity management services for corporate and government clients.
- ATM services Bank Nagari's ATM network providing cash withdrawal, balance inquiry, and transfer services to customers across West Sumatra.
Quantifiable outcome
- 5 consecutive years of Excellent Financial Performance (2018-2022 and 2018-2023)
- +6 more outcomes
Companies that use Bank Nagari
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles4 records
Bank Nagari technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Bank Nagari partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, major and minor.
- Pemerintah Provinsi Sumatera BaratcoreHost-to-Host SP2D (Surat Perintah Pencairan Dana) integration between Bank Nagari's banking system and the West Sumatra Provincial Government's financial management system, enabling real-time government payment disbursements without physical document handling. This is a flagship strategic partnership as the primary banker for the provincial government.
- Pemerintah Kota PadangcoreHost-to-Host SP2D integration with Padang City Government for electronic government payment processing, enabling efficient disbursement of civil servant salaries and government expenditures.
- Pemerintah Kabupaten Pesisir SelatancoreHost-to-Host SP2D integration with Pesisir Selatan Regency Government for government payment processing.
- Pemerintah Kabupaten PasamancoreHost-to-Host SP2D integration with Pasaman Regency Government for government payment processing.
- Pemerintah Kabupaten AgamcoreHost-to-Host SP2D integration with Agam Regency Government for government payment processing.
- BPJS KesehatancoreBank Nagari processes healthcare claim payments for BPJS Kesehatan through KMK-MG FASKES financing to healthcare facilities (BLU, BLUD, private hospitals/clinics) that are BPJS Kesehatan partners. The bank also facilitates BPJS Ketenagakerjaan (labor insurance) claim disbursements to its customers.
- Jaringan Prima / Prima (ATM Network)majorBank Nagari is a member of Jaringan Prima (Prima network), enabling its customers to use ATM services across the Prima network throughout Indonesia, and received Platinum Awards from Jaringan Prima for Best Acquirer Bank (All Features), Best Acquirer Bank (ATM), and Best Issuer Bank in 2024.
- Asian Payment Network (APN) — PayNet/MEPS (Malaysia), ITMX (Thailand), KFTC (Korea)majorBank Nagari's Asian Payment Network (APN) service enables customers to perform ATM transactions (balance inquiry and cash withdrawal) at partner banks in Malaysia, Thailand, and South Korea through the PayNet/MEPS, ITMX, and KFTC networks respectively. Balance inquiry costs USD 0.22 and cash withdrawal costs USD 1.26 per transaction.
- Lembaga Penjamin Simpanan (LPS) — Indonesia Deposit Insurance CorporationcoreBank Nagari is a participant of LPS (Indonesia Deposit Insurance Corporation), with maximum guaranteed deposit coverage of Rp 2 billion per depositor per bank, as disclosed on the bank's website footer. This is a mandatory regulatory partnership for all Indonesian banks.
- Bank Indonesia & Otoritas Jasa Keuangan (OJK)coreBank Nagari is regulated and supervised by both Bank Indonesia and Otoritas Jasa Keuangan (OJK). The bank also participates in national payment infrastructure including BI-FAST (real-time payment), QRIS (national QR code standard), SKN (National Clearing), and RTGS (Real-Time Gross Settlement).
- BPJS KetenagakerjaancoreBank Nagari enables disbursement of BPJS Ketenagakerjaan (labor insurance) claims to its customers' bank accounts. The bank also received Paritrana Award 2024 from BPJS Ketenagakerjaan for its role as a best business entity in the finance sector for social security compliance.
- BAZNAS Provinsi Sumatera BaratminorBank Nagari won 'Best Zakat Management BUMD' award from BAZNAS (National Amil Zakat Agency) of West Sumatra Province, indicating cooperation in Islamic social finance collection and distribution.
Scale indicators9 records
Recent moves16 records
Expansion highlights6 records
Bank Nagari competitors and assessment
Company assessmentEmerging players
- Bank Muamalat Indonesia: One of Indonesia's first dedicated Islamic commercial banks. Partially overlaps with Bank Nagari's Sharia Business Unit in offering Sharia-compliant deposits and financing to Muslim customers, though Bank Muamalat operates nationally while Bank Nagari's Sharia unit is regionally focused.
Broad incumbents
- Bank Mandiri: Indonesia's largest bank by assets with full commercial, retail, MSME, and Sharia (Bank Mandiri Syariah) operations nationwide. A broad incumbent that competes with Bank Nagari for government payroll, corporate, and MSME customers in West Sumatra, though it operates as a multi-segment national bank.
- Bank BCA: Major Indonesian private commercial bank with strong retail and digital banking franchise (BCA Mobile). A broad incumbent that competes for retail deposits, payments, and corporate cash management clients in West Sumatra, though BCA does not have BPD-specific government banking depth.
- Bank BRI (Bank Rakyat Indonesia): Indonesia's largest MSME-focused bank with the largest microfinance network (BRI Unit). A broad incumbent that competes directly with Bank Nagari's KUR, KPUM, and micro lending programs across West Sumatra, with materially greater scale and distribution.
Direct peers
- Bank Jateng: Central Java's BPD with conventional and Sharia operations, strong government partnership model, and MSME lending focus. Directly comparable BPD peer in terms of operating model, distribution (branch + agent), and government integration strategy.
- Bank BJB (Bank Pembangunan Daerah Jawa Barat dan Banten): Regional Development Bank (BPD) serving West Java and Banten provinces with a similar mix of government payroll, MSME, and Sharia banking services. Bank BJB is a directly comparable BPD peer with comparable asset class and a focus on digital innovation and Host-to-Host government integrations.
- Bank Sumsel Babel: BPD serving South Sumatra and Bangka Belitung with comparable government-backed deposit franchise and regional MSME focus. Closest direct peer given shared Sumatran geography, similar asset scale, and parallel product offerings including Sharia unit.
- Bank Jatim: East Java's BPD — one of the largest BPDs in Indonesia with comparable government banking, Sharia unit, and regional MSME focus. Directly comparable in product breadth and operating model, though larger in scale.
- Bank DKI: Jakarta's Regional Development Bank (BPD) offering conventional and Sharia banking, government payroll processing, and MSME lending. Directly comparable as a BPD serving a single urban province with a strong government anchor and digital banking strategy.
Regional players
- Bank Riau Kepri: BPD serving Riau and Kepulauan Riau provinces with government payroll anchor and MSME lending. Operates in an adjacent Sumatran geography and shares comparable scale and customer mix, but does not directly compete in Bank Nagari's home territory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Bank Nagari social profiles
Digital presenceBank Nagari compliance and trust
Trust signalCompliance2 records
Bank Nagari financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Nagari leadership team
Management profileNumber of profiles
Bank Nagari subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bank Nagari funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Nagari M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank Nagari
What does Bank Nagari do?
Bank Nagari is a regional development bank (BPD) in West Sumatra, Indonesia, providing conventional and sharia (Islamic) banking services. Its core offerings include savings and time deposit products, consumer and commercial lending, payment and transaction banking, and digital channels such as the Ollin by Nagari mobile banking app, agent banking, and NCM Corporate for business customers. The bank primarily serves retail customers, SMEs, corporates, and provincial/regional government entities within West Sumatra.
Is Bank Nagari a public or private company?
Bank Nagari is a private company. It is classified as state government owned and is currently operating.
When was Bank Nagari founded?
Bank Nagari was founded in 1962. It employs 251 to 500 people.
Where is Bank Nagari based?
Bank Nagari is headquartered in Padang, Indonesia, in the Asia region.
How does Bank Nagari make money?
Five revenue lines are on record. Interest Income (Conventional Credit) is the primary driver. The others are interest/Break Income (Islamic Banking), fee and Commission Income, third-Party Funds (DPK) — Deposits and digital/Fintech Service Revenue.
Who are Bank Nagari's main competitors?
Bank Muamalat Indonesia is listed as an emerging player. Broad incumbents are Bank Mandiri, Bank BCA and Bank BRI (Bank Rakyat Indonesia). Direct peers are Bank Jateng, Bank BJB (Bank Pembangunan Daerah Jawa Barat dan Banten), Bank Sumsel Babel, Bank Jatim and Bank DKI. Bank Riau Kepri is listed as a regional player.
Does Bank Nagari have an API?
No public API is recorded for Bank Nagari.
What industry is Bank Nagari in?
Bank Nagari's product category is Regional Development Banking. Its primary akta.pro industry code is FSABAGAB, Islamic SME & Commercial Banking, with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 5221 and its SIC code is 6022.