Bank Permata

Key details

• Parent: assets

Overview

Bank Permata is Indonesian commercial bank + IDX: BNLI + Bangkok Bank Thai parent BKK: BBL ~89%+ controlling post-May 20 2020 ~$2.7B acquisition from Astra International + Standard Chartered + Indonesian retail + institutional + foreign investors free float + one of Indonesia's largest commercial banks by assets + founded Sep 27 2002 in Jakarta Indonesia via Indonesian government consolidation of 5 Indonesian commercial banks post-Asian financial crisis [1, id-cro].

History

Sep 27 2002 — Bank Permata founded in Jakarta Indonesia via Indonesian government consolidation of 5 Indonesian commercial banks post-Asian financial crisis under IBRA Indonesian Bank Restructuring Agency consolidation distinctive Indonesian banking heritage.

2004 — Astra International + Standard Chartered jointly acquire controlling stake in Bank Permata.

May 20 2020 — Bangkok Bank Thai parent BKK: BBL acquires ~89%+ controlling stake in Bank Permata for ~$2.7B from Astra International + Standard Chartered distinctive Indonesian-Thai banking consolidation.

2014 — PermataMobile banking app launch.

Ownership & operator

Operating entity: Bank Permata (Indonesian commercial bank; IDX: BNLI).

Major shareholders: Bangkok Bank (BKK: BBL; Thai parent) ~89%+ controlling post-May 20 2020 ~$2.7B acquisition + Indonesian retail + institutional + foreign investors free float.

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI + Bank of Thailand BOT via Bangkok Bank parent.

Technical integration

PermataMobile app (iOS + Android) + permatabank.com online + Bank Permata branch network across Indonesia + Permata Visa + Mastercard + JCB cards; QRIS (Quick Response Code Indonesian Standard; Indonesian national QR payment scheme; Bank Indonesia BI operator) + BI-FAST (Indonesian instant payments; Bank Indonesia BI operator) + EMVCo QRCPS QR payments + Indonesian Rupiah IDR domestic transfers.

Implementations & partners

Parent group: [[bangkok-bank]] (Bangkok Bank; BKK: BBL; Thai commercial bank; one of Thailand's largest commercial banks by assets).

Major Indonesian banking + payments competitors: [[bank-rakyat-indonesia]] (Bank Rakyat Indonesia BRI; IDX: BBRI; Indonesia's largest commercial bank by customers + branches) + [[bank-mandiri]] (Bank Mandiri; IDX: BMRI; Indonesia's largest commercial bank by assets) + [[bank-central-asia]] (Bank Central Asia BCA; IDX: BBCA; Indonesia's largest private commercial bank by market cap) + [[bni-indonesia]] (Bank Negara Indonesia BNI; IDX: BBNI) + [[cimb-niaga]] (CIMB Niaga; IDX: BNGA; CIMB Bank Malaysia parent ~92%+ controlling) + [[danamon-indonesia]] (Bank Danamon; IDX: BDMN; MUFG Bank Japanese parent ~94%+ controlling) + qris (QRIS Indonesian national QR payment scheme).

Regulators: Otoritas Jasa Keuangan OJK + Bank Indonesia BI + Bank of Thailand BOT via Bangkok Bank parent.

Status

Active, Indonesian commercial bank + IDX:BNLI + Bangkok Bank Thai parent BKK:BBL ~89%+ controlling post-May 20 2020 ~$2.7B acquisition from Astra International + Standard Chartered + one of Indonesia's largest commercial banks by assets + founded Sep 27 2002 in Jakarta Indonesia via Indonesian government consolidation of 5 Indonesian commercial banks post-Asian financial crisis [1, 2].

Sources

• 1 Permata — official
• 2 Permata — Wikipedia
• id-cro In-corpus: reports/countries/ID-indonesia.md

Source

Biography extracted from permata-indonesia.md. See matrix.md for standards-support matrix if present.