Fun fact: the NISP in the name of one of Indonesia’s oldest banks, OCBC NISP, is a rare holdover from the bank’s beginnings at a time when Indonesia was a Dutch colony. The name Nederlandsch Indische Spaar en Deposito Bank, or Dutch (East) Indies Savings and Deposit Bank, might be a window into history, but as booming Indonesia marks its 73rd year of independence this year, it is with another acronym – SME – that this venerable Singapore-owned bank is making a modern impact.
September 18, 2018