PT. Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) also known as Bank Jatim was founded on August 17, 1961 in Surabaya. The Bank started its commercial operations in accordance with the Decision Letter of the Minister of Finance of the Republic of Indonesia No.BUM 9-4-5 on August 15, 1961. The Sharia Operating Unit started its commercial operations on August 21, 2007. The Bank obtained a license to operate as foreign exchange bank on August 2, 1990. The ultimate parent of the Bank is the Government of East Java Province. The Bank’s scope of activities is to engage in general banking services, including banking activities based on Sharia principles and other banking activities.