Bank Permata

Last updated
PT Bank Permata Tbk.
Public
Traded as IDX:  BNLI
Industry Banking
Financial Services
PredecessorPT Bank Bali Tbk
PT Bank Universal Tbk
PT Bank Prima Express
PT Bank Artamedia
PT Bank Patriot
Founded2002 (merger)
1954 (PT Bank Bali Tbk)
Headquarters,
Number of locations
331 offices (Dec 2016)
Area served
Indonesia
Key people
Ridha DM Wirakusumah
(CEO)
Products Consumer Banking
Corporate Banking
Credit Cards
Investment Banking
Mortgage loans
Private Banking
Total assets Increase2.svg IDR 165,527,512 (in million) (Dec 2016)
Total equity Increase2.svg IDR 19,257,899 (in million) (Dec 2016)
Number of employees
7499 (Dec 2016)
Parent
Subsidiaries PT Sahabat Finansial Keluarga
PT Astra Sedaya Finance
PT Sarana Bali Ventura
PT Sarana Bersama Pengembangan Indonesia Indonesia
PT Aplikanusa Lintasarta
PT Kustodian Sentral Efek Indonesia
Website

Permata Bank (or Bank Permata) is the tenth biggest bank in Indonesia in 2016 by assets. [1]

Contents

History

Bank Bali

PT Bank Bali Tbk was incorporated in December 17, 1954. It started its commercial operations on January 5, 1955 and obtained an operating license on February 19, 1957. The Bank also obtained licenses to engage in foreign exchange and sharia banking activities on May 8, 1956. [2]

Merger

In 2002, Bank Bali and 4 banks under the administration of the Indonesian Bank Restructuring Agency—PT Bank Universal Tbk (Universal), PT Bank Prima Express (Primex), PT Bank Artamedia (Artamedia) and PT Bank Patriot (Patriot), with the approval from the Extraordinary General Meetings of each bank—agreed to merge.

To fulfill the minimum Capital Adequacy Ratio (CAR) stipulated by Bank Indonesia as a consequence of the legal transfer of all assets and liabilities from the 4 banks to the Bank Bali, IBRA made a temporary capital investment to the Bank Bali totalling IDR 4,600,000. This temporary capital investment was made through private placement without preemptive rights of 111,111,111,111 new class B shares with nominal value of IDR 5 per share or total nominal value of IDR 555,556 and the remaining balance amounting to IDR 4,044,444 as additional paid-in capital.

Bank Indonesia approved the merger of the 4 banks into Bank Bali in September 30 the same year, followed by the Bank Indonesia's approval of Bank Bali's rebranding to PT Bank Permata Tbk in October 18 the same year. [2]

Shareholders

Shareholder2002 [3] 2003 [4] 2004 [5] 2005 [6] 2006 [7] 2007 [8] 2008 [9] 2009 [10]
BPPN
91,33%
91,33%
-
-
-
-
-
-
Government
6,34%
5,84%
26,17% 1
26,16% 1
-
-
-
-
Public
2,33%
2,83%
10,73%
10,74%
10,990%
10,990%
10,990%
10,990%
Astra International
-
-
31,55%
31,55%
44,505%
44,505%
44,505%
44,505%
Standard Chartered Bank
-
-
31,55%
31,55%
44,505%
44,505%
44,505%
44,505%

1 In the financial report, government manages its share in Bank Permata under PT Perusahaan Pengelola Asset (PPA) (Ministry of Finance of the Republic of Indonesia)

Subsidiaries

This is the list of Bank Permata subsidiaries. [2]

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References

  1. Laporan Tahunan PermataBank
  2. 1 2 3 Permata Bank : Annual Report 2009
  3. Permata Bank : Audited Financial Report (December 2002)
  4. Permata Bank : Audited Financial Report (December 2003)
  5. Permata Bank : Audited Financial Report (December 2004)
  6. Permata Bank : Audited Financial Report (December 2005)
  7. Permata Bank : Audited Financial Report (December 2006)
  8. Permata Bank : Audited Financial Report (December 2007)
  9. Permata Bank : Audited Financial Report (December 2008)
  10. Permata Bank : Audited Financial Report (December 2009)

See also