Bank Permata

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PT Bank Permata Tbk.
Type Public
IDXBNLI
Industry Banking
Financial Services
Predecessors PT Bank Bali Tbk
PT Bank Universal Tbk
PT Bank Prima Express
PT Bank Artamedia
PT Bank Patriot
Founded 2002 (merger)
1954 (PT Bank Bali Tbk)
Headquarters Jakarta, Indonesia
Number of locations 522 offices[1]
Area served Indonesia
Key people David Martin Fletcher
(CEO)
Products Consumer Banking
Corporate Banking
Credit Cards
Investment Banking
Mortgage loans
Private Banking
Operating income Increase IDR 739.562 (in million)[1]
Net income Increase IDR 480.155 (in million)[1]
Total assets Increase IDR 56,009,953 (in million)[1]
Total equity Increase IDR 4,835,512 (in million)[1]
Employees 5150
Parent Standard Chartered Bank
Astra International
Subsidiaries PT Asuransi Permata Nipponkoa Indonesia
PT Sarana Bali Ventura
PT Kustodian Sentral Efek Indonesia
PT Sarana Bersama Pembiayaan Indonesia
PT Aplikanusa Lintasarta
Website PermataBank

PermataBank (or Bank Permata) is the tenth biggest bank in Indonesia at 2010.[2]

History[edit]

Bank Bali[edit]

PT Bank Permata Tbk (formerly PT Bank Bali Tbk) was established in Indonesia on December 17, 1954 based on the notarial deed No. 228 of Eliza Pondaag, S.H., substitute of Raden Mas Soerojo, S.H., notary in Jakarta. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia (currently Minister of Justice and Human Rights) in its Decision Letter No. J.A.5/2/2 dated January 4, 1955, registered in Jakarta District Court under No. 123 dated January 15, 1955 and published in Supplement No. 292 to State Gazette of the Republic of Indonesia No. 22 dated March 18, 1955.

Bank Bali started its commercial operations on January 5, 1955. According to article 3 of its Articles of Association, the Bank operates as a commercial bank. The Bank obtained the license as a commercial bank under the Decision Letter of the Minister of Finance No. 19371/U.M.II dated February 19, 1957. The Bank also obtained a license to engage in foreign exchange activities and as a bank which engaged in activities based on sharia principles based on the Decision Letter of the Monetary Council of Bank Indonesia No. Sekr/D.M./97 dated May 8, 1956.[1]

Merger[edit]

Based on the Minutes of Extraordinary of General Meeting of Stockholders which was effected by the notarial deed of A. Partomuan Pohan, S.H., LL.M No. 46 dated September 27, 2002, PT Bank Bali Tbk (Bank Bali) and 4 Banks Under Restructuring (BUR), consisting of 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 Stockholders of each respective bank, have agreed to enter into a merger.

This merger became effective since the approval of the Minister of Justice and Human Rights of the Republic of Indonesia based on its decision letter No. C-18778.HT.01.04.TH.2002 dated September 30, 2002.

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 BUR to the Bank Bali, IBRA made a temporary capital investment to the Bank Bali amounted to 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.

Based on the Decision of the Deputy Governor of Bank Indonesia No. 4/159/KEP.DpG/2002 dated September 30, 2002, Bank Indonesia approved the merger of the 4 BUR into Bank Bali. The merger subsequently became effective after the approval of the changes in the Surviving Bank’s Articles of Association by the Minister of Justice and Human Rights of the Republic of Indonesia in its Decision Letter No. C-18861.HT.01.04.TH.2002 dated September 30, 2002.

Based on the letter of Deputy Governor of Bank Indonesia No. 4/162/KEP.DpG/2002 dated October 18, 2002, Bank Indonesia approved the change of Bank Bali’s name from PT Bank Bali Tbk (Bank Bali) to PT Bank Permata Tbk (Bank Permata).[1]

Shareholders[edit]

Shareholder 2002[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[edit]

This is the list of Bank Permata subsidiaries.[1]

  • PT Bali Securities - Securities (note: The entire shareholding at PT Bali Securities was divested on 15 January 2010)
  • PT Bali Tunas Finance - Consumer Finance & Leasing (note: The expiration of the legal status of PT Bali Tunas Finance was published in the State Gazette of Republic of Indonesia No. 83 dated 16 October 2009)
  • PT Asuransi Permata Nipponkoa Indonesia - General Insurance
  • PT Sarana Bali Ventura - Venture Capital
  • PT Kustodian Sentral Efek Indonesia - Capital Market
  • PT Sarana Bersama Pembiayaan Indonesia - Investment
  • PT Aplikanusa Lintasarta - Communication

References[edit]

External links[edit]

See also[edit]