In 2005 PT. Sinar Mas Multiartha, Tbk, which is a Business Group Sinarmas under its Financial Services business group to take over PT. Bank Shinta Indonesia which was established in 1989 which became operational since March 1990. PT. Bank Shinta Indonesia experienced a change of name to Bank Sinarmas in December 2006. In an effort to meet the directives of Bank Indonesia, which are for commercial banks to go public soon became the company so that their shares can be owned by the general public, then in 2010 after obtaining the approval from the competent authorities, precisely on December 13, the Bank first listed its stock Indonesia Stock Exchange thus increasing the capital structure of Rp. 160 billion, from Rp. 568 billion to Rp. 728 billion.
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