Bank Pembangunan Daerah Sulawesi Utara Pt

What Bank Pembangunan Daerah Sulawesi Utara Pt does

Bank SulutGo is a regional development bank (Bank Pembangunan Daerah / BPD) incorporated in 1961 and headquartered in Manado, North Sulawesi, Indonesia. It is majority-owned by the governments of North Sulawesi Province and the district/municipal governments of Sulawesi Utara and Gorontalo, operating as a regional-owned enterprise (BUMD) with a statutory mandate to support local economic development. Its service area is concentrated in Sulawesi Utara and Gorontalo with selective Java presence (Jakarta, Surabaya, Malang).

The bank's product portfolio covers the full retail and commercial banking stack: savings products (Simpeda, Tabunganku, Bohusami family, PNS, SIMPEL, BSGprime), demand deposits (Rekening Giro), time deposits (Deposito), and a credit suite spanning micro and SME lending (KUR, KUR Bohusami sector programs, Kredit Usaha Mikro Sejahtera), consumer credit (KPNS, KPPA, KSU), working capital credit, cash-collateral credit, and bank guarantees. The technology backbone is a traditional core banking system augmented by a multi-channel digital layer: BSGtouch (mobile banking), BSGdirect (corporate internet banking with three-tier authorization and OTP), SMS Banking (3654), USSD (*141*127#), BSGqris (QRIS payment integration including SIGNAL and BI Fast), BSGcash (co-branded electronic money with Tapcash BNI), and BSGdebit (GPN debit), backed by an ATM network linked to 26,000+ ATM Bersama machines and clearing across 130 banks.

Revenue is generated primarily through net interest margin on loans (micro, PNS, KUR, working capital) and deposits (savings, giro, time deposits), supplemented by transaction fees (SMS banking, transfers, administration), and a small but growing fee stream from bancassurance commissions via the Generali Warisan 100 Sharia partnership. Distribution combines 1 head office, 1 regional office, 23 main branches, 25+ sub-branches, 70+ cash offices, and 200+ ATMs with event-driven community engagement (GENCARKAN financial literacy, PORSEBANK, Rakorwil TPAKD) and direct-to-consumer digital channels. Customer segments skew toward civil servants, pensioners, UMKM, students, and a newly targeted affluent tier through BSGprime, with corporate cash management via BSGdirect.

Name

Bank Pembangunan Daerah Sulawesi Utara Pt

Legal name

PT Bank SulutGo

Website

https://banksulutgo.co.id

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank SulutGo is an Indonesia regional development bank (BPD) serving Sulawesi Utara and Gorontalo, owned by regional governments. It provides deposits, micro/consumer/working-capital credit, digital channels, and payments infrastructure to civil servants, UMKM, students, corporate, and retail customers.

Ownership category

akta.pro rank

Product category

Regional Retail Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Regional development banking
• Consumer savings products
• Micro and small business credit
• Digital banking services
• Government payroll banking

Headquarters

HQ city

Manado

HQ country

Indonesia

HQ region

Asia

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Credit/Loans: Primary revenue from interest charged on various loan products including micro credit, PNS credit, working capital credit, and KUR programs. Interest rates vary by product and tenure.
2. Fee-Based Income: Revenue from various banking services including SMS banking fees, transfer fees, account administration fees, and service charges across savings, current accounts, and deposit products.
3. Deposit Taking: Collection of public funds through savings accounts (Tabungan), demand deposits (Giro), and time deposits (Deposito) as the foundation for lending activities.
4. Bancassurance Commission: Revenue sharing from insurance product sales through partnership with Generali for Warisan 100 Sharia life insurance product.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Bank SulutGo is a regional development bank that collects deposits (savings, current accounts, time deposits) from individuals, civil servants, students, and corporates, and lends those funds back out through micro credit (KUR, KUR Bohusami), consumer loans (Kredit PNS, KPPA, KSU), working capital credit, and bank guarantees. Its offering is delivered through an extensive branch and ATM network across Sulawesi Utara, Gorontalo, Jakarta, and East Java, complemented by digital channels (BSGtouch mobile, BSGdirect corporate internet banking, BSGqris QR payments, BSGussd, SMS Banking, BSGcash electronic money) and ancillary services including bancassurance with Generali and SAMSAT Online vehicle tax payments.

Product overview

Bank SulutGo operates as a regional development bank (BPD) for Sulawesi Utara and Gorontalo provinces, offering a comprehensive portfolio of banking products and digital services. Its deposit products span savings accounts (Simpeda, Tabunganku, Tabungan Bunaken, Tabungan Bohusami, Tabungan Bohusami Plan, Tabungan Bohusami Young, Tabungan PNS, Tabungan SIMPEL, Tabungan ASN & Pensiunan, BSGprime), demand deposits (Rekening Giro), and time deposits (Deposito). Credit offerings include micro enterprise loans (Kredit Usaha Mikro Sejahtera), civil servant credit (Kredit PNS/KPNS, KPPA), consumer credit (KSU), working capital credit, KUR and KUR Bohusami sector-specific programs, cash collateral credit, and bank guarantees. Digital banking services include SMS Banking, USSD banking (BSGussd), mobile banking (BSGtouch), corporate internet banking (BSGdirect), QR payment (BSGqris), electronic money (BSGcash co-branded with Tapcash BNI), and clearing services, complemented by bancassurance (Warisan 100 with Generali) and SAMSAT Online tax payment services.

Differentiator

Problem solved

Functional benefit

Brands

• BSG: Short brand name/abbreviation for Bank SulutGo used in product and service branding (e.g., BSGtouch, BSGcash, BSGqris, BSGussd, BSGdirect, BSGprime)
• BSGprime
• Bohusami
• BSGqris
• BSGtouch
• BSGdirect
• Warisan 100

Products and services

• Simpeda Regional Development Bank (BPD) savings product with ATM card access across the ATM Bersama network, SMS Banking, Call Center, and national/local lottery programs, offered for retail customers nationwide through Indonesian BPDs.
• Tabungan Bunaken Premium savings product with minimum placement of Rp 50,000,000, competitive interest rates, LPS guarantee, and access via Bank SulutGo ATMs and the ATM Bersama network for affluent individual customers.
• Tabunganku National joint savings product issued by Indonesian banks to foster a savings culture, with no monthly administration fee, minimum initial deposit of Rp 20,000, and dormant account penalties, available to individual customers.
• Rekening Giro (Deposit Account) Demand deposit account for raising public funds managed professionally, with daily interest based on lowest balance, competitive rates, and online system connected to the entire office network, used by businesses and institutions for transactional banking.
• Deposito (Deposit) Time deposit product with tenors of 1, 3, 6, and 12 months, competitive interest rates, and minimum placement of Rp 5,000,000 for individual and corporate customers seeking fixed-income savings.
• Tabungan Bohusami Special savings product for middle-class individual customers, with ATM card, lottery program, and online access across all branch offices. Initial deposit Rp 50,000, minimum balance Rp 50,000, monthly administration fee Rp 2,500, interest rate 3% p.a.
• Tabungan PNS Savings product for Civil Servants (PNS) with free monthly administration fee and lottery program drawn in respective districts/municipalities, designed to capture government salary accounts.
• Tabungan SIMPEL National student savings product for early childhood through high school students with low entry requirements (Rp 5,000 initial deposit), free monthly administration, and e-service delivery channels, supporting financial inclusion and early savings culture.
• BSGprime Prime customer membership program requiring minimum average fund placement of Rp 500,000,000 across current accounts, savings, and deposits, offering BSGprime card for exclusive merchant benefits and premium services for high-net-worth individuals.
• Tabungan Bohusami Plan Periodic savings plan with flexible monthly deposits (Rp 100,000 to Rp 10,000,000), terms from 24 to 120 months, designed for financial planning with cash reward at maturity for middle-class customers.
• Tabungan Bohusami Young Savings product for teenagers and young adults aged 17-35 (students, university, employees) designed to teach saving habits early, with initial deposit from Rp 20,000, millennial ATM/debit card, and BSG digital banking support.
• Tabungan ASN & Pensiunan Tahun 2026 Savings program for civil servants and pensioners featuring a 2026 prize draw sweepstake with Toyota Agya and Honda Revo Fit as main prizes, available in Sulawesi Utara, Gorontalo, DKI Jakarta, and Jawa Timur.
• Kredit Usaha Mikro Sejahtera Micro credit for entrepreneurs with credit ceiling from Rp 5 million to Rp 50 million, maximum term of 3 years, monthly installments, and lightweight interest rates, designed for micro and small business owners.
• Kredit PNS (KPNS) Credit facility for civil servants including KPNS (general civil servant credit), KPNS Pra Purnabakti (pre-retirement), KPNS Pra Tabungan Hari Tua (pre-old-age savings), and KPS (pensioner credit), with terms up to 15 years, repaid via salary deduction.
• KPPA (Kredit Pejabat Publik & Anggota Dewan) Credit facility for public officials, provincial secretary, and state/district secretaries, with competitive interest and one-day service, with credit ceiling based on paying ability.
• KSU Lembaga Agama Credit facility for individuals or employees with steady monthly income, specifically for religious institution employees.
• KSU Perorangan Umum Credit facility for individuals with steady monthly income, covering general consumption needs.
• Kredit Modal Kerja Working capital credit including transactional credit (based on project contracts, up to Rp 5 billion for certain business forms) and property working capital credit for housing/rukO development with terms up to 3 years, for businesses needing short-term operating financing.
• Kredit dengan Cash Collateral Credit facility with cash collateral in the form of deposits at Bank SulutGo, with maximum ceiling of 90% of deposit value, one-day processing, available as fixed-term loan or current account loan.
• Garansi Bank (Bank Guarantee) Payment guarantee given to individuals or organizations, guaranteeing the bank will fulfill obligations if the guaranteed party defaults, supporting tender and contract performance requirements.
• KREDIT USAHA RAKYAT (KUR) People's Business Credit (KUR) for productive and viable debtors lacking sufficient collateral, with interest rate of 6% p.a., covering Super Micro (Rp 5-10 million), Micro (Rp 10-100 million), and Small (Rp 100-500 million) categories, government-backed micro financing program.
• KUR Bohusami Sector-specific KUR financing program including Bohusami Ba Kobong (agriculture), Bohusami Ba Ternak (livestock), Bohusami Ba Soma (fisheries), Bohusami Ba Tibo (trade), Bohusami Ba Pasiar (tourism), and Bohusami Perempuan Hebat (women entrepreneurs), with 6% p.a. interest, administration fee Rp 100,000, maximum plafond of Rp 50 million, and no collateral required.
• BSG Promo Bunga Idulfitri 1447 H Promotional credit program for the 1447 H Eid period (February 20 - April 30, 2026), offering discounted interest rates on various credit products including KK biasa, KSU, KPPA, and PPPK credit for individual borrowers.
• SMS Banking Banking service accessible via SMS with commands sent to 3654, supporting balance inquiry, transfers, bill payments (PLN, BPJS, Halo, Matrix, XL, BIG TV), and purchases (pulsa, data packages, electricity tokens), available via Android app on PlayStore and on Telkomsel/Indosat networks.
• Kliring (Clearing) Clearing service enabling settlement between bank scripts (cheques, giro) to facilitate payment traffic, covering 130 banks throughout Indonesia with multi-currency support for corporate and institutional customers.
• SAMSAT Online Online vehicle tax (STNK) payment service via BSG ATM allowing registration renewal without visiting the Samsat office, with tax inquiry via SMS to 0813 5564 3311, integrated with regional Samsat offices across North Sulawesi.
• BSGcash Co-branded electronic money card with Tapcash BNI usable nationally at toll gates, MRT, parking gates, and partner merchants, with maximum balance of Rp 2,000,000 and top-up via BSGsms and BSGatm.
• BANCASSURANCE (Warisan 100) Sharia life insurance product in partnership with Generali, offering lifetime coverage with death benefit and staged benefits aligned with life stages, including waqf facilities, available at select branches for individual customers seeking protection products.
• BSGussd USSD-based mobile banking accessed via *141*127# on GSM mobile devices, in partnership with GSM network providers, enabling BSG banking transactions without internet connectivity for underserved and rural customers.
• BSGdebit Debit card extending ATM card functions into a card payment tool usable at EDC machines with GPN (Gerbang Pembayaran Nasional) logo for shopping transactions at merchants.
• BSGtouch Mobile banking application for smartphones requiring internet connection, supporting transfers, purchases (pulsa, data, PLN tokens), bill payments (tax, water, education, PLN, Telkom, BPJS, TV), BSGcash top-up, and account mutation with transaction limits per day, secured by username, password, and 6-digit PIN.
• BSGdirect Internet banking facility for corporate customers (companies/institutions) enabling online and realtime cash management, accessible via browser at bsgdirect.banksulutgo.co.id, featuring 3-tier authorization, OTP without hard token, balance inquiry, account mutations, transfers, payroll, and bill payments.
• BSGqris QR-code-based digital payment system integrated with the BSG mobile app, enabling shopping, bill payments, money transfers, donations, and vehicle tax (SIGNAL) payments at QRIS-enabled merchants across Indonesia, with no administration fees for interbank transfers.

Quantifiable outcome

• One-day service for credit processing
• +2 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Generali IndonesiacoreStrategic or Co-development PartnerBank SulutGo partners with Generali to offer Warisan 100 Sharia life insurance product through bancassurance channel. The product provides lifetime protection against death risk with comprehensive benefits delivered in stages according to the policyholder's life journey, including Wakaf benefits for insurance benefits and investment benefits.
• Tapcash BNIcoreTechnology or IntegrationBSGcash is a co-branded electronic money card with Tapcash BNI, enabling transactions at toll gates, MRT, parking, and merchant networks nationwide. Maximum balance is Rp 2,000,000 with top-up available through BSGsms and BSGatm.
• QRIS Network (Bank Indonesia)coreTechnology or IntegrationBSGqris QR payment system integrated with national QRIS (QR Code Indonesian Standard) enabling universal payment acceptance across merchants, tolls, parking, and various bill payments throughout Indonesia.
• Lembaga Penjamin Simpanan (LPS)coreOthersBank SulutGo is a registered LPS guarantee participant. Maximum guaranteed deposit value per customer is IDR 2 billion. The bank is supervised by both Bank Indonesia and OJK.
• Otoritas Jasa Keuangan (OJK)coreOthersBank SulutGo is licensed and supervised by OJK for all banking operations and product offerings.
• ASBANDA (Perhimpunan Bank Umum Milik Daerah)minorOthersAssociation of Regional Development Banks (BPD) in Indonesia. Bank SulutGo participates in BPD transformation initiatives.
• Regional Governments (Pemprov/Pemkab/Pemkot se-Sulut)coreStrategic or Co-development PartnerPartnership with provincial and local governments across Sulawesi Utara and Gorontalo for regional tax payments, government employee payroll, and regional economic development programs including GENCARKAN financial literacy and KUR distribution.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bank Jateng: Bank Pembangunan Daerah Jawa Tengah, another major Indonesian BPD. Comparable in product structure (savings, time deposits, KUR, digital banking) and ownership model (provincial and regional government shareholders), though larger and serving Central Java.
• Bank DKI: Bank Pembangunan Daerah DKI Jakarta, one of Indonesia's largest BPDs. Directly comparable as a regionally chartered government-owned commercial bank offering deposit, credit, and digital services with strong government payroll concentration.
• Bank Kalsel: Bank Pembangunan Daerah Kalimantan Selatan. Closely comparable BPD with provincial government ownership, regional focus, similar deposit and credit product mix including KUR and bancassurance, and operating in a resource/agriculture-heavy provincial economy.
• Bank Kalteng: Bank Pembangunan Daerah Kalimantan Tengah. A smaller, similarly sized Indonesian BPD serving Central Kalimantan with provincial government ownership and broadly equivalent product offerings.
• Bank Kalbar: Bank Pembangunan Daerah Kalimantan Barat. A BPD of comparable size to Bank SulutGo, serving West Kalimantan with similar products, KUR programs, and digital banking services including mobile and internet banking.
• Bank Jatim: Bank Pembangunan Daerah Jawa Timur, the largest BPD in Indonesia by assets. Directly comparable as a state-owned regional commercial bank with similar deposit, credit, and digital banking product suites, serving a specific Indonesian province with government ownership.

Broad incumbents

• Bank Mandiri: PT Bank Mandiri, one of Indonesia's largest national commercial banks with full-service retail, corporate, and treasury offerings. Competes with Bank SulutGo for corporate and government-linked clients across all geographies including the Sulawesi region.
• Bank BCA: PT Bank Central Asia, Indonesia's largest private commercial bank by market cap with strong digital banking capabilities (Blu, myBCA). A broad incumbent competing for premium retail and corporate customers in Manado and other Bank SulutGo markets.
• Bank BRI: PT Bank Rakyat Indonesia, Indonesia's largest micro and SME lender with the most extensive KUR program and rural branch network. Competes with Bank SulutGo in the UMKM and KUR segments across Indonesia, including in Sulawesi Utara and Gorontalo.

Emerging players

• Bank Jago: PT Bank Jago, an Indonesia-based digital-first bank backed by GoTo and WealthTrack. A relevant emerging competitor in the digital banking space that could pressure traditional banks like Bank SulutGo on younger, mobile-first customer segments.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/BankSulutGo
• Facebookfacebook.com/BankSulutKantorPusat
• Instagraminstagram.com/banksulutgo
• LinkedInlinkedin.com/company/bank-pembangunan-daerah-sulawesi-utara-pt

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Pembangunan Daerah Sulawesi Utara Pt