Bank Victoria International

What Bank Victoria International does

PT Bank Victoria International, Tbk is an Indonesian commercial bank listed on the Indonesia Stock Exchange under ticker BVIC and headquartered in South Jakarta (Graha BIP, Jl. Gatot Subroto Kav. 23). Founded in 1992 and commencing operations on 5 October 1994, the bank is controlled by PT Victoria Investama Tbk (VICO) and falls within OJK's KBMI 1 / BUKU 2 tier, with total assets of Rp 25.93 trillion (December 2022), loans of Rp 15.82 trillion, and third-party funds of Rp 19.37 trillion. As of October 2023 it operates 1 head office and 38 branches (14 KCU + 24 KCP) across DKI Jakarta, West Java, Central Java, Surabaya, Bali, Makassar, and Manado, supplemented by a functional office in Kuta, Bali opened in July 2025. The bank also participates in the Prima shared ATM network, providing access to 60,000+ ATMs nationwide, and was appointed as a Bank Persepsi for electronic state revenue collection in March 2022.

The bank serves four primary segments: Retail/Consumer (savings, time deposits, mortgages, credit cards, digital banking), Commercial & SME (working capital, trade finance, government-mandated SME lending), Corporate/Korporasi (ViBiz corporate internet banking, syndicated lending, treasury, FX, virtual accounts), and Government (state revenue collection via MPN G3). Its product suite is delivered through a multi-channel digital platform comprising Victoria Mobile, Victoria IB Retail, ViBiz (Victoria Internet Banking Bisnis — offering in-house transfers, SKN/RTGS/Online bulk payments, payroll, liquidity management, and virtual account), Victoria Virtual Account, and Victoria Merchant. Distribution partnerships include bancassurance with Allianz Life, Sequis, TM, and BNI Life, plus mutual fund distribution via Batavia and Syailendra. Pricing is primarily quote-based; publicly disclosed indicators include savings rates up to 3.25% p.a., a KPR (mortgage) base rate of 8.75–8.88% p.a., and free installation/monthly fees on ViBiz.

Revenue is generated through interest income on Konsumtif, Produktif, and KPR loans; fee-based income from transactions (ATM, SKN/RTGS/Online transfers, virtual accounts, merchant acquiring); spread income on third-party funds (Tabungan, Deposito, Giro); commission from bancassurance and mutual fund distribution; treasury (banknotes and FX trading); and a recurring stream from Bank Persepsi state revenue collection. The bank also raises wholesale funding through continuous bond programs (Obligasi Berkelanjutan III–V, 2024–2026) and equity injections from controlling shareholder VICO, including Rp 93.79 billion (May 2021), Rp 185.99 billion + Rp 278 billion capital contribution (December 2021), and Rp 200 billion (October 2022), supporting core capital above the Rp 3 trillion POJK 12/POJK.03/2020 minimum. Reported bond ratings are idA- (senior) and idBBB (subordinated) from PEFINDO.

Name

Bank Victoria International

Legal name

PT. Bank Victoria International, Tbk

Website

https://www.victoriabank.co.id/

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PT Bank Victoria International, Tbk is an Indonesian commercial bank (IDX: BVIC) offering retail, SME, corporate, and government banking through 38 branches, digital platforms (Victoria Mobile, ViBiz), and a state revenue collection license (Bank Persepsi), with Rp 25.93 trillion in total assets.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking
• Commercial banking
• Digital banking
• Treasury services
• Investment distribution

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Income from interest on loans extended to consumers, corporations, commercial entities, and SMEs including Konsumtif (consumer), Produktif (productive/business), and KPR mortgages.
2. Fee-Based Income: Income from transaction fees including ATM usage, transfers (SKN/RTGS/Online), service charges, account maintenance, and virtual account services.
3. Third-Party Funds (DPK): Deposit collection from customers including savings (Tabungan), time deposits (Deposito), and current accounts (Giro), which are then lent out or invested.
4. Investment Product Distribution: Distribution of mutual funds (Reksa Dana), insurance products (Bancassurance with Sequis, TM, BNI Life, and others), generating commission and distribution fees.
5. Bond Issuance: Issuance of sustainable bonds (Obligasi Berkelanjutan) and subordinated bonds (Obligasi Subordinasi) to raise capital, with interest paid to bondholders.
6. State Revenue Collection (Bank Persepsi): Bank Victoria acts as a Bank Persepsi (state revenue collection bank), providing services for electronic state revenue collection (Sistem Penerimaan Negara Secara Elektronik / MPN G3).

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

PT Bank Victoria International, Tbk is an Indonesian commercial bank that provides deposit products (savings, time deposits, giro), lending facilities (consumer and commercial loans), treasury and foreign exchange services, investment product distribution (mutual funds and bancassurance), and digital banking services through Victoria Mobile, ViBiz, Virtual Account, and Merchant platforms to retail, SME, corporate, and government-linked customers.

Product overview

PT Bank Victoria International, Tbk operates as an Indonesian commercial bank offering a comprehensive suite of banking products and services. The bank provides a multi-channel digital banking platform consisting of Victoria Mobile for retail mobile banking, Victoria IB Retail for internet banking, and ViBiz (Victoria Internet Banking Bisnis) for corporate/business banking customers. The core banking portfolio includes various savings accounts (Tabungan VIP Safe, Tabunganku, Tabungan V-Bisnis, Tabungan Victoria Maxima, Tabungan Victoria Junior, Tabungan Victoria EduSave, VIP Safe Digital), time deposits (Deposito Rupiah, Deposito Valas, Deposito Online), and current accounts (VIP Giro, VIP Giro Valas, Giro Rupiah). The bank also offers credit products (Kredit Konsumtif, Kredit Produktif, Victoria Loan), treasury services (Transaksi Banknotes, Transaksi FX), investment products through mutual funds (Lancar Victoria Merkurius, Batavia funds, Syailendra funds), and insurance products via bancassurance partnerships (Sequis, BNI Life, TM). The digital service suite includes Victoria Virtual Account and Victoria Merchant for payment acceptance.

Differentiator

Problem solved

Functional benefit

Brands

• ViBiz (Victoria Internet Banking Bisnis): Internet banking platform for corporate/business customers providing financial and non-financial transactions including transfers, bulk payments, payroll, and virtual accounts.
• Victoria Mobile
• Victoria IB Retail
• Victoria Virtual Account
• Victoria Loan
• Victoria Merchant
• VIP Safe
• Victoria Junior
• Victoria EduSave
• Victoria Maxima
• V-Bisnis

Quantifiable outcome

• Net profit of Rp 226.17 billion in 2022, turning around from losses in prior years
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PT Asuransi Allianz Life Indonesia (Allianz Life)coreStrategic or Co-development Partner · 4 February 2022Soft Launching Bancassurance Partnership 2022 between PT Bank Victoria International and PT Asuransi Allianz Life Indonesia on February 4, 2022 at Westin Hotel, Jakarta Selatan. The partnership aims to facilitate Bank Victoria customers in meeting protection needs and financial planning. Attended by Ahmad Fajar (President Director), Rusli (Vice President Director), Lembing (Business Director) from Bank Victoria, and Bianto Surodjo (Business Director) from Allianz Life, with theme 'Go Digital, to Protect Your Future'.
• PT Sequis LifecoreStrategic or Co-development PartnerBancassurance partnership offering life insurance products including Sequis Life Legacy, Sequis Q Life Protector, and Sequis Critical Care Plus.
• PT Trimitra Mansyaratama (TM)coreStrategic or Co-development PartnerBancassurance partnership offering TM Idaman and TM Legacy Protection insurance products.
• BNI LifecoreStrategic or Co-development PartnerBancassurance partnership offering BNI Life Digi Micro Protection and Asuransi Mikro BNI Life Pandai+ insurance products.
• PT Sulfindo AdiusahacoreOthersBank Victoria served as arranger, facility agent, and security agent for a syndicated loan facility of up to Rp 1.5 trillion to PT Sulfindo Adiusaha, a chemical company since 1987. The syndication included 11 banks: Bank Victoria, Bank Ina, Bankaltimtara, Jtrust Bank, Bank Hibank (formerly Bank Mayora), Bank Woori Saudara, MNC Bank, Bank Kalteng, Bank Sulutgo, Bank Sulteng, and Bank Sumsel Babel.
• Tira-PersikabominorOthersBank Victoria provided sponsorship to Tira-Persikabo football club in Liga 1 2019 season. The partnership was announced July 12, 2019 and represents Bank Victoria's support for Indonesian football. President of Tira-Persikabo Bimo Wirjasoekarta expressed appreciation for the partnership, noting shared goals in developing Indonesian football.

Scale indicators18 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Bank Jago: Indonesian digital bank partnered with GoTo, similar KBMI tier player pivoting to digital banking. Comparable because both compete for Indonesian retail/SME digital banking customers and are pursuing mobile-first growth strategies.
• Bank Aladin Syariah: Indonesian sharia digital bank focused on mobile banking. Comparable as a small Indonesian bank pursuing digital transformation, though sharia-focused, in a similar scale tier to Bank Victoria.

Direct peers

• Bank MNC Internasional: Indonesia KBMI 1 commercial bank similarly engaged in syndicated lending (co-participant with Bank Victoria in the Rp 1.5T Sulfindo facility). Direct comparable as a small-tier Indonesian commercial bank with similar product mix and target segments.
• JTrust Bank Indonesia: Indonesian commercial bank and co-participant in Bank Victoria-arranged syndicated loan. Direct comparable as a foreign-affiliated small-to-mid Indonesian commercial bank with overlapping corporate and SME lending clients.
• Bank Woori Saudara Indonesia: Indonesian commercial bank subsidiary of Woori Bank (Korea), also co-participant in Bank Victoria's Sulfindo syndicate. Comparable as a KBMI 1/2 tier Indonesian commercial bank with similar retail/SME/commercial focus.
• Bank Pan Indonesia (Panin Bank): Indonesian publicly-listed private commercial bank serving retail, SME, and corporate segments with similar digital banking investments. Comparable as a mid-tier Indonesian commercial bank with overlapping target customer base.
• Bank Ina Perdana: Indonesian commercial bank and co-participant with Bank Victoria in the Rp 1.5T Sulfindo Adiusaha syndicated loan. Direct comparable as a small Indonesian commercial bank with similar syndication and commercial banking capabilities.
• Bank Harda Internasional: Indonesian publicly-listed KBMI 1 commercial bank of similar asset size. Direct comparable as a small-tier Indonesian commercial bank with similar retail deposit, SME, and corporate banking offerings.

Broad incumbents

• Bank Central Asia (BCA): Indonesia's largest privately-owned commercial bank and dominant digital banking incumbent. Relevant as the benchmark broad incumbent that Bank Victoria competes against in retail and corporate transaction banking.
• Bank Mandiri: Indonesia's largest state-owned bank with massive corporate and SME footprint. Comparable as a broad incumbent that sets the competitive floor on commercial banking pricing and scale in Indonesia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCXewh1ugl_8k6RPhhDJQZTA
• Facebookfacebook.com/VictoriaBankID
• Instagraminstagram.com/bankvictoria

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Victoria International