|Predecessor||PT Bank Bali Tbk|
PT Bank Universal Tbk
PT Bank Prima Express
PT Bank Artamedia
PT Bank Patriot
1954 (PT Bank Bali Tbk)
Number of locations
|331 offices (Dec 2016)|
|Ridha DM Wirakusumah |
|Total assets||IDR 165,527,512 (in million) (Dec 2016)|
|Total equity||IDR 19,257,899 (in million) (Dec 2016)|
Number of employees
|7499 (Dec 2016)|
|Parent||Standard Chartered Bank|
|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
Permata Bank (or Bank Permata) is the tenth biggest bank in Indonesia in 2016 by assets.
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.
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 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)
This is the list of Bank Permata subsidiaries.
- PT Sahabat Finansial Keluarga - Consumer Finance
- PT Astra Sedaya Finance - Consumer Finance
- PT Sarana Bali Ventura - Venture Capital
- PT Sarana Bersama Pengembangan Indonesia - Investment
- PT Aplikanusa Lintasarta - Communication
- PT Kustodian Sentral Efek Indonesia - Capital Market
- (in English) PermataBank Review