Bank Permata

PT Bank Permata Tbk.
Type	Public IDX: BNLI
Industry	Banking Financial Services
Predecessor	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	Roy A. Arfandy (CEO)
Products	Consumer Banking Corporate Banking Credit Cards Investment Banking Mortgage loans Private Banking
Operating income	IDR 739.562 (in million)^[1]
Net income	IDR 480.155 (in million)^[1]
Total assets	IDR 56,009,953 (in million)^[1]
Total equity	IDR 4,835,512 (in million)^[1]
Number of 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

Bank Bali

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

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

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

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

External links

(English) PermataBank Review

Conventional banks

State-owned banks	Bank Mandiri Bank Negara Indonesia Bank Rakyat Indonesia Bank Tabungan Negara

National private foreign exchange banks	Bank Agroniaga Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia Bank CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank Himpunan Saudara 1906 Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Bank Internasional Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan Bank OCBC NISP Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia

National private non-foreign exchange banks	Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Pundi Indonesia Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti

Regional banks	Bank Jambi Bank Kalsel Bank Kaltim Bank Sultra Bank BPD DIY Bank Nagari Bank DKI Bank Lampung Bank Kalteng Bank BPD Aceh Bank Sulsel Bank BJB Bank Kalbar Bank Maluku Bank Bengkulu Bank Jateng Bank Jatim Bank NTB Bank NTT Bank Sulteng Bank Sulut Bank BPD Bali Bank Papua Bank Riau Kepri Bank Sumsel Babel Bank Sumut

Joint-venture banks	Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia

Foreign banks	Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks

State-owned banks	Bank BNI Syariah Bank Muamalat Bank Syariah Mandiri

National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank BRI Syariah Bank Mega Syariah Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah

Joint-venture banks	Bank Maybank Syariah Indonesia

Sharia business units of conventional banks

State-owned banks	Bank BTN Syariah

National private foreign exchange banks	Bank Danamon Syariah CIMB Niaga Syariah BII Syariah OCBC NISP Syariah Bank Permata Syariah

Regional banks	Bank BPD Aceh Syariah Bank BJB Syariah Bank DKI Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank NTB Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah

Foreign banks	HSBC Amanah