Permata Bank (or Bank Permata) is a bank in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Gui ...

, headquartered in the capital city

Jakarta Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital city, capital and list of Indonesian cities by population, largest city of Indonesia. Lying on the northwest coa ...

. It has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20 January 2021. Serving nearly four million customers in 62 cities in Indonesia, it has 304 branch offices and two mobile branches; currently, the bank is led by Meliza Musa Rusli as the CEO. As a pioneer in mobile banking and mobile cash technology in the Indonesian market, in 2018, Permata Bank launched its PermataMobile X super application with 200 innovative features, and is currently one of the digital mobile banking leaders in the Indonesian market.

History

Bank Permata was formed with merger of five banks under the management of the Indonesian Bank Restructuring Agency (IBRA), namely: * PT Bank Bali Tbk - established in 1954, then center of a corruption scandal; * PT Bank Universal Tbk; * PT Bank Prima Express; * PT Bank Artamedia; and * PT Bank Patriot. Based on the Decree of the Deputy Governor of Bank Indonesia No. 4/159/KEP.DpG/2002 dated 30 September 2002, Bank Indonesia approved the merger of the four banks under the management of IBRA into Bank Bali. Furthermore, based on the Letter of the Deputy Governor of Bank Indonesia No. 4/162/KEP.DpG/2002 dated 18 October 2002, Bank Indonesia agreed to change the name of PT Bank Bali Tbk to PT Bank Permata Tbk. The operational merger of Bank Artamedia was carried out on October 21, 2002, while Bank Prima Express on November 4, 2002, Bank Universal on November 18, 2002 and Bank Patriot on December 16, 2002. The merger process was completed followed by the launch of the Bank Permata logo on February 18, 2003. The Bank Permata logo consists of three colors, namely blue, red and green. Blue represents eternity, red represents passion, and green represents prosperity. The merger of the five banks is an implementation of the Government's decision regarding the Advanced Restructuring Program issued on 22 November 2001, which aims to form a bank with a strong capital structure, sound financial condition and high competitiveness in carrying out an intermediation function, with a service network. a wider range and a wider range of products. In 2004,

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and PT Astra International Tbk took over PermataBank and started a massive transformation process within the organization. Furthermore, as a manifestation of its commitment to PermataBank, the joint ownership of the major shareholders increased to 89.01% in 2006. Bank Permata Tbk obtained a license as a commercial bank based on the Decree of the Minister of Finance No.19371 / U.M.II dated 19 February 1957.

Bangkok Bank Strategic Investment

On 13 December 2019, Thailand's largest financial group, Bangkok Bank announced plans to acquire majority ownership of Bank Permata through conditional sale and purchase agreements with Astra International and Standard Chartered Bank. After going through a long process, PermataBank made a new history in May 2020 through an acquisition transaction conducted by Bangkok Bank Public Company Limited ("Bangkok Bank"). Bangkok Bank officially became the controlling shareholder of PermataBank after taking over 89.12% of PermataBank's shares from the total number of shares that had been issued and paid up by Standard Chartered Bank and Astra International for Rp33.66 trillion (US$2.3 billion).

Shareholders

Subsidiaries

Current

* P
Sahabat Finansial Keluarga
'' - ''Consumer Finance''

Former

* PT Sarana Bali Ventura - ''Venture Capital'' * PT Sarana Bersama Pengembangan Indonesia - ''Investment (in liquidation)'' * P
Aplikanusa Lintasarta
'' - ''Communication'' * P
Kustodian Sentral Efek Indonesia
'' - Capital Market

Board of Commissioner and Board of Directors

Board of Commissioner

* President Commissioner: Chatsiri Sophonpanich * Commissioner: Chong Toh * Commissioner: Niramarn Laisathit * Commissioner: Chalit Tayjasanant * Independent Commissioner: Haryanto Sahari * Independent Commissioner: Rahmat Waluyanto * Independent Commissioner: Goei Siauw Hong * Independent Commissioner: Yap Tjay Soen

Board of Directors

* President Director: Meliza Musa Rusli * Compliance Director: Dhien Tjahajani * Finance Director: Lea Setianti Kusumawijaya * HR Director: Dayan Sadikin * Tech & Ops Director: Abdy Dharma Salimin * Wholesale Banking: Darwin Wibowo * Retail Banking: Djumariah Tenteram * Sharia Banking Director: Herwin Bustaman * Risk Director: Setiatno Budiman

References

External links

* {{Authority control 1954 establishments in Indonesia 1990 initial public offerings Bangkok Bank Banks of Indonesia Banks established in 1954 Companies listed on the Indonesia Stock Exchange