Starting with the existence of PAKTO 27/1988, namely with the ease of establishing a new bank, it was anticipated by holding a "Coordination Meeting" between the Ministry of Defense and Security, Perum ASABRI, Pepabri and Developers on December 1, 1988, given the funds owned by the Ministry of Defense and Security in particular , and the KPR project at that time was considered quite potential, whereas on the other hand the number of partners within the Department of Defense / Armed Forces was estimated to be very helpful if a new Bank establishment could be realized. Subsequently on January 9, 1989 a proposal was made to form a bank to the Minister of Defense and Security, and in principle the Minister of Defense agreed to develop and conduct further explorations. The proposal was followed up with a meeting and discussion with Menpera, Managing Director of Government Commercial Banks and Managing Director of National Private Commercial Banks.
From the results of the meeting between Menpera, Managing Director of the Government Commercial Bank and Managing Director of the National Private Commercial Bank, a Minister of Defense and Defense Number: Sprin / 146 / I / 1989 was issued on January 28, 1989, which instructed the President Director of ASABRI - Mayjen TNI Tjok P. Swastika and Chairperson of the KPR Project of the Ministry of Defense and Defense - Lt. Gen. (Ret.) Sarwono Widyo Hoetomo, to compile a Feasibility Study on the establishment of the Bank, with the main objective of improving the welfare of ASABRI Soldiers and Civil Servants in the Ministry of Defense / Armed Forces.
In preparation for the planning for the establishment of the Banking Business Entity, in February 1989 several meetings were held with the LPPI Management Consultant, Managing Director of Perum ASABRI cq. The Director of Engineering and Director General of Domestic Monetary, as a conclusion that in the context of preparing the establishment of the Bank, the LPPI Management Consultant used was assigned to conduct a Feasibility study and to collaborate with Bank Niaga.
After going through several stages of preparation for the establishment of the Ministry of Defense and Security, starting with the preparation for the application for approval in principle for the establishment of the Bank, licensing, funding, procurement of personnel and all other evaluators, as well as after the holding of the first General Meeting of Shareholders on July 26, 1989, bearing in mind the August 14 1989 has received the Principle Approval for Establishing a Commercial Bank from the Minister of Finance Number: S-982 / MK.13 / 1989 on August 14, 1989, and on September 1, 1989 received a recommendation letter from Bank Indonesia with number: 22/530 / UUPS / PSbD regarding Preparations for the Establishment of a Commercial Bank PT. Bank Yudha Bhakti which refers to the letter of the Minister of Finance Number: S-982 / MK.13 / 1989 dated August 14, 1989 concerning Approval in Principle of Establishment of a Commercial Bank PT. Bank Yudha Bhakti in Jakarta, on September 14, 1989 the Second General Shareholders' Meeting was held again, which resulted in important decisions including: Adding another Cooperative Center as Founder / Shareholder, namely the DEPHANKAM PUSKOP and the endorsement of the Bank's "LOGO".
On October 23, 1989 obtained a Letter of Recommendation from the Minister of Cooperatives with Number: 266 / M / X / 1989, which gave permission to INKOPAD, INKOPAL, INKOPAU, INKOPPOL, INKOPPABRI, PUSKOP MABES TNI, and PUSKOP DEPHANKAM to establish the Bank and since 9th January 1990 Bank Yudha Bhakti starts operations.
Since entering the Indonesian banking industry until mid-1997, when the monetary economic crisis began to hit Indonesia and was felt by all industrial sectors, the banking industry also experienced a significant impact. This is marked by the liquidation of several national private banks. But the monetary crisis did not have a significant effect on the Bank, even the Bank could capture positive opportunities in the presence of the crisis. In fact, during the crisis period, the Bank was able to be classified as a "A" bank, so there was no need for rescue efforts with recap bonds from the government. Starting in 2001 the Bank was able to expand on an ongoing basis with the opening of Branch Offices and Sub-Branch Offices in Java and Sumatra.
In terms of capital, banks which were originally only owned by the Cooperative Parent and Cooperative Centers within the TNI / POLRI and the Ministry of Defense and Security, due to the need to strengthen capital, the influx of private investors is inevitable. The Bank also continues to gradually fertilize capital both organically and fresh money in order to meet the capital requirements required by Bank Indonesia.
Furthermore, the development and dynamics of capital requirements eventually led the Bank to change its status to a public company by the entry of new investors from the public through an effective Initial Public Offering (IPO) process since the initial listing of its shares on the Indonesia Stock Exchange on January 13, 2015. The Bank also re-added capital by making a Limited Public Offering I ("PUT I") to the Shareholders by giving Pre-emptive Rights in Semester I of 2016. Up to Semester I of 2016 the Bank has an authorized capital of Rp. 1,500,000,000,000 (one trillion five hundred billion rupiah) which had been placed and fully paid by the shareholders in the amount of Rp. 402,425,600,000, - in which PT Gozco Capital and PT Asabri (Persero) are shareholders with ownership of more than 5% (five percent).
Along with advances in Information Technology, the Bank continues to make improvements to the technology infrastructure that brings business closer to the needs of customers. Another thing that management does is always to improve the work culture (corporate culture) based on capabilities and needs so that it can have a positive impact on the Bank's performance optimally.
The increase in issued / paid-up capital of the Company as a result of the implementation of Capital Increase without Pre-emptive Rights (PMTHMETD) of 469,951,963 (four hundred sixty nine million nine hundred fifty one thousand nine hundred sixty three Rupiah), all of which was taken part by PT Akulaku Silvrr Indonesia. The results of the implementation of Capital Increase without Pre-emptive Rights (PMTHMETD) were announced on the Indonesia Stock Exchange website and the Issuer's website (website) on March 26, 2019.
In the middle of 2019 the Company will effectively carry out corporation action on LPO II. The increase in the issued / paid up capital of the Company as a result of the implementation of a limited public offering II to shareholders with preemptive rights (LPO II) of 499,603,954 (four hundred nine recovered nine million six hundred three thousand nine hundred fifty four Rupiah) .
As a strategy to face future challenges, since 2019 the Company together with PT Akulaku Silvrr Indonesia (Akulaku) as one of the shareholders is preparing to develop business and transform towards digital banking.
This is also a form of the Company's readiness to face the challenges of the financial industry in the future, which will be more dominated by digital transactions.
At present, the top three majority shareholders in PT Bank Yudha Bhakti, namely: PT Akulaku Silvrr Indonesia with shares ownership of 24.08%, PT Gozco Capital with 21.76%, and PT ASABRI (Persero) with 20.13%