Bank OCBC NISP Launches the # SAVE20 Movement by Nyala,

659 – Jakarta – Invite Young Generation to Consistently Save and Invest Starting from Rp. 20,000.

One valuable lesson from the COVID-19 pandemic is increasing awareness to manage finances, so that they are better prepared to face various financial situations in the future and achieve financial freedom.

Through the Nyala service, Bank OCBC NISP presents savings and investment options that enable young people to start new habits in the next normal era. Jakarta, 22 July 2020 – COVID-19 presents many challenges that have affected financial health, mental health and public welfare.

This condition is also a valuable lesson to understand financial management and recognize financial products and services, so that they can prepare financial management, so that in the future they can be better prepared to face unexpected financial situations, effectively and achieve financial freedom.

A survey conducted by McKinsey1 states, about half of consumers who have concerns about their jobs, apparently only have savings less than four months of their living expenses.

The survey also showed that, concerns caused by the COVID-19 pandemic made consumers increasingly want to know management and financial risks.

This is one of the valuable lessons from the occurrence of the COVID-19 pandemic, thus encouraging Bank OCBC NISP to become more active in
implementing financial literacy and inclusion programs.

“Bank OCBC NISP believes that people need to have good financial literacy as early as possible.o, even with only an affordable nominal, people can manage their finances consistently, so that they become greater and faster to achieve financial freedom.

Therefore, literacy programs and also financial inclusion are important. Bank OCBC NISP invites the public, especially the younger generation, to take part in the # SAVE20 by Nyala Movement, which is the Movement to start a new habit in the next normal era, by saving and investing from a very affordable nominal, starting at Rp. 20,000 every day, “said Director of Bank OCBC NISP, Ka Jit at the launching event conducted online Wednesday, July 22, 2020.

Also present at this event, The singer, Aurel Hermansyah as a guest speaker and one of the # SAVE20 Movement Brand Ambassadors by Nyala, Aurelie Moeremans.

Based on financial management product data at Bank OCBC NISP, if customers start saving and investing with a value of Rp. 20,000 consistently every day starting from aged 20 years, then the customer can get Rp. 3.7 billion in retirement age.

The amount is far greater than if a new customer starts saving and investing at the age of 35 years, although with a larger nominal, which is Rp. 70,000
every day.

With these figures, new customers get financial management results Rp. 2 billion at retirement age
1https: // covid-19, 2 Using the assumption of a mutual fund return of 11.87% p.a. Retired age 55 years

So that customers can start a new habit in the next normal era, Bank OCBC NISP presenting products that allow customers to start saving and investing only
with Rp. 20,000 every day by giving choices, namely:

  1. TAKA (Term Savings) is available in two types, TAKA fix installment (opening through branches) and TAKA Online (opening through ONe Mobile) which allows customers to collect Rp. 20,000 per day into monthly installments by setting up autodebit at ONe Mobile.
  2. Futures Mutual Funds with Daily, Weekly and Monthly purchases at ONe Mobile with a nominal starting from IDR 20,000.

“To meet the needs and character of the younger generation, we adapt products to be more accessible to customers. Bank OCBC NISP became the first bank in Indonesia to present a Mutual Fund product with Daily and Weekly purchases.

These Mutual Funds and TAKA, as well as a variety of other investment options can be easily accessed by customers at ONe Mobile, the mobile banking application from the Bank OCBC NISP, “said Ka Jit.

Overview of Bank OCBC NISP Bank OCBC NISP was establised in Bandung in 1941 under the name Nederlandsch Indische Spaar en Bank Deposit.

As of March 31, 2020, Bank OCBC NISP serves customers through 269 office networks in 57 cities in Indonesia, equipped with 644 Bank OCBC NISP ATM units that can be accessed in more than 190,000 ATM networks in Indonesia, and at the same time is connected to more than 760 OCBC ATM networks Group in Singapore and Malaysia.

Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both individuals and corporations.

Bank OCBC NISP is one of the banks with the highest credit ratings in Indonesia, namely idAAA (stable) rating from PT Pemeringkat Efek Indonesia (PEFINDO) and AAA (idn) / stable from PT Fitch Ratings Indonesia.

Bank OCBC NISP Corporate Communication Division
OCBC NISP Tower, Jl Prof. Dr. Satrio Kav 25, Jakarta 12940 Tel: 021- 25533888; Fax: 021-57944000 corporate.
Aleta Hanafi Duhita Rahma Mahatmi (Gandis) Masniar Hutajulu Division Head Public Relations & CSR Public Relations,
Mobile: 62-8119860068 Mobile: 62-8111071069 Mobile: 62- 85218211636.(Team).