News
27 April 2010
Strengthened Management and Recorded Loan Growth of 18% in 2009
PermataBank Held Annual General Meeting of Shareholders 2010
Category: Corporate
JAKARTA – Today, PT Bank Permata Tbk ("PermataBank") held the Annual General Meeting of Shareholders (AGMS) and approved the Annual Financial Report and the Audited Financial Statements for the year ended 31 December 2009. The AGMS granted full acquittal and discharge to all members of the Board of Commissioners and the Board of Directors for the supervision and management performed during the financial year ending 31 December 2009. The AGMS also approved new senior management appointments.
In the AGMS, the management reported that PermataBank recorded robust loan growth of 18% to Rp41,203 billion in 2009, reflecting the Bank’s commitment to its intermediary function in the Indonesian economy. The bank also registered continued improvement in its operating performance. Total operating income increased 15% to Rp3.74 trillion as a result of continuing credit and other operating revenues growth, while operating expenses increased just under 8% yoy to Rp2.46 trillion. Net interest income increased 15% to Rp2.96 trillion in FY 2009, while other operating income also increased 15% to Rp785 billion.
The AGMS approved PermataBank’s intention not to distribute a dividend and to retain its net profit of the 2009 fiscal year as retained earnings in order to strengthen the Bank’s capital structure.
Furthermore, the AGMS also approved the appointments of new members to the Board of Commissioners, the Board of Directors and the Sharia Supervisory Board.
Shareholders approved the end of term of Inget Sembiring as Independent Commissioner and nominated John A. Prasetio, an internationally recognized finance professional, as well as Dr. A. Tony Prasetiantono, a reputable academician and economic observer as Independent Commissioners.
Raymond J. Ferguson, PermataBank’s President Commissioner said, "On behalf the Board of Commissioners, I would like to express our sincere appreciation to Inget Sembiring for his strong and meaningful contribution to PermataBank. His guidance and counsel has helped PermataBank to steadily grow its businesses while strictly adhering to prudent operating principles.”
John A. Prasetio is the Head of CBA Asia in Jakarta and Vice Chairman of KADIN Indonesia (Indonesian Chamber of Commerce and Industry). His extensive experience in Finance, particularly in Public Accountant area as a Partner and Leader of Ernst & Young (in Asia Pacific region and Indonesia) as well as in Andersen Worldwide (in the region and in Indonesia) is expected to strengthen the team of Independent Commissioners.
Dr. A. Tony Prasetiantono is currently a Chief Economist of PT Bank Negara Indonesia Tbk, a lecturer in the Faculty of Economics and Business of Gadjah Mada University (UGM), the Director of the Center for Economic and Public Policy Studies of Gadjah Mada University, and an economic observer. His wide range of reviews published in a number of journals and media have been used as references by policy makers within the Government, business and private sectors. Tony was nominated as Independent Commissioner.
Shareholders also approved the end of term of Guy Rolland Isherwood until 30 June 2010. To further strengthen senior management, an international banker recognized for his expertise in Risk Management was nominated to the Board of Directors. Michael A. Coye was Chief Risk Officer Standard Chartered Bank (Taiwan) Limited. He has managed all commercial banking risk areas including wholesale, consumer, and market risks in the U.S. and Asia.
In addition to the above matters, the AGMS also approved and granted authority to:
In the AGMS, the management reported that PermataBank recorded robust loan growth of 18% to Rp41,203 billion in 2009, reflecting the Bank’s commitment to its intermediary function in the Indonesian economy. The bank also registered continued improvement in its operating performance. Total operating income increased 15% to Rp3.74 trillion as a result of continuing credit and other operating revenues growth, while operating expenses increased just under 8% yoy to Rp2.46 trillion. Net interest income increased 15% to Rp2.96 trillion in FY 2009, while other operating income also increased 15% to Rp785 billion.
The AGMS approved PermataBank’s intention not to distribute a dividend and to retain its net profit of the 2009 fiscal year as retained earnings in order to strengthen the Bank’s capital structure.
Furthermore, the AGMS also approved the appointments of new members to the Board of Commissioners, the Board of Directors and the Sharia Supervisory Board.
Shareholders approved the end of term of Inget Sembiring as Independent Commissioner and nominated John A. Prasetio, an internationally recognized finance professional, as well as Dr. A. Tony Prasetiantono, a reputable academician and economic observer as Independent Commissioners.
Raymond J. Ferguson, PermataBank’s President Commissioner said, "On behalf the Board of Commissioners, I would like to express our sincere appreciation to Inget Sembiring for his strong and meaningful contribution to PermataBank. His guidance and counsel has helped PermataBank to steadily grow its businesses while strictly adhering to prudent operating principles.”
John A. Prasetio is the Head of CBA Asia in Jakarta and Vice Chairman of KADIN Indonesia (Indonesian Chamber of Commerce and Industry). His extensive experience in Finance, particularly in Public Accountant area as a Partner and Leader of Ernst & Young (in Asia Pacific region and Indonesia) as well as in Andersen Worldwide (in the region and in Indonesia) is expected to strengthen the team of Independent Commissioners.
Dr. A. Tony Prasetiantono is currently a Chief Economist of PT Bank Negara Indonesia Tbk, a lecturer in the Faculty of Economics and Business of Gadjah Mada University (UGM), the Director of the Center for Economic and Public Policy Studies of Gadjah Mada University, and an economic observer. His wide range of reviews published in a number of journals and media have been used as references by policy makers within the Government, business and private sectors. Tony was nominated as Independent Commissioner.
Shareholders also approved the end of term of Guy Rolland Isherwood until 30 June 2010. To further strengthen senior management, an international banker recognized for his expertise in Risk Management was nominated to the Board of Directors. Michael A. Coye was Chief Risk Officer Standard Chartered Bank (Taiwan) Limited. He has managed all commercial banking risk areas including wholesale, consumer, and market risks in the U.S. and Asia.
In addition to the above matters, the AGMS also approved and granted authority to:
- Appoint a public accounting firm for the fiscal year 2010.
- The Board of Commissioners to determine the salaries and benefits of members of the Board of Directors.
- Determine the remuneration of the Board of Commissioners and the Sharia Supervisory Board.
David Fletcher, PermataBank’s President Director said, "On behalf of the Board of Directors, I would like to thank Guy Isherwood for his hard work and dedication during his time with PermataBank. Overall, we are satisfied with the progress achieved in 2009. We believe that 2010 will present strong growth opportunities, as the economy itself continues to grow rapidly in line with Indonesia’s strong fundamentals and the global economic recovery. In 2010 we will continue to strengthen the main foundations of our business, while continuing to apply good banking governance practices with the full support of our two major shareholders, PT Astra International Tbk and Standard Chartered Bank. "
The AGMS approved the composition of the Board of Commissioners, the Board of Directors and the new Sharia Supervisory Board as follows:
The Board of Commissioners:
1. President Commissioner : Raymond John Ferguson
2. Vice President Commissioner : Gunawan Geniusahardja
3. Independent Commissioner : Dr. Lukita D. Tuwo
4. Independent Commissioner : David Allen Worth
5. Independent Commissioner : I. Supomo
6. Independent Commissioner : John A. Prasetio *
7. Independent Commissioner : Dr. A. Tony Prasetiantono *
8. Commissioner : Ajay C. Kanwal
9. Commissioner : Mark Spencer Greenberg
The Board of Directors:
1. President Director : David Fletcher
2. Vice President : Herwidayatmo
3. Director of Compliance : Chisca Mirawati *
4. Director : Lauren Sulistiawati
5. Director : Honggo Widjojo Kangmasto
6. Director : Guy Roland Isherwood **
7. Director : S. Giridhar Varadachari
8. Director : Indri K. Hidayat
9. Director : Sunil Mehta *
10. Director : Timothy Utama *
11. Director : Michael A. Coye ***
The Sharia Supervisory Board:
1. Chairman : Prof. Dr. H.M. Amin Suma, SH. MA. MM.
2. Member : KH. Saifuddin Amsir MA.
3. Member : H.M. Faiz, MA
* Subject to passing of fit and proper test and approval from Bank Indonesia
** The term of office will end on 31 May, 2010
*** Effective as of 01 June, 2010 and subject to passing of fit and proper test and approval from Bank Indonesia
*** Effective as of 01 June, 2010 and subject to passing of fit and proper test and approval from Bank Indonesia
For further information please contact:
Leila Djafaar
Senior Vice President
Senior Vice President
Katharine Grace
Senior Vice President
Senior Vice President
Head, Corporate Secretary
PROFILE OF PT BANK PERMATA TBK
PT Bank Permata Tbk (”PermataBank”) was formed by a merger of five banks PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Artamedia, PT. Bank Patriot dan PT. Bank Prima Express in 2002, currently has grown into a leading private bank, and provides comprehensive and innovative products and services, especially in the area of high-tech delivery channels including Internet Banking and Mobile Banking. PermataBank aspires to be the outstanding financial services provider in Indonesia, focusing on Consumer and Commercial segments. Serving approximately 1.9 million customers in 55 cities in Indonesia, PermataBank has around 5,400 employees, 280 branches (including 10 sharia branches) and 569 ATMs (including 1 sharia ATM) with additional access to more than 20,000 ATMs (VisaPlus, Visa Electron, MC, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's transformation are 2010 The Asian Banker Achievement Awards for Cash Management in Indonesia, the Most Prestigious Carre' for the fifth consecutive time at CCSL's Annual Call Center Award 2010, 2009 Islamic Finance Award & CUP 2009 (IFAC 2009), 1st position category the sharia unit, by asset ≥ Rp.1 trillion and 1st position the most profitable, by asset ≥ Rp.1 trilion from Karim Business Consulting, Overall Winner and First Prize Winner within the listed private financial institution category in the Annual Report Award 2008, Banking Service Excellence Awards 2009 (10 awards for conventional and 7 awards for syariah) from MRI & InfoBank, MURI Award for first time saving together for students under 17 years age in 12 cities from MURI, Corporate Governance Award for Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, 2nd position Best CEO in Asia Best Managed Companies and 8th position Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine and Banking Efficiency Award 2009 from Bisnis Indonesia. PermataBank's website can be accessed at http://www.permatabank.com.
(YGI) PT Bank Permata Tbk (”PermataBank”) was formed by a merger of five banks PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Artamedia, PT. Bank Patriot dan PT. Bank Prima Express in 2002, currently has grown into a leading private bank, and provides comprehensive and innovative products and services, especially in the area of high-tech delivery channels including Internet Banking and Mobile Banking. PermataBank aspires to be the outstanding financial services provider in Indonesia, focusing on Consumer and Commercial segments. Serving approximately 1.9 million customers in 55 cities in Indonesia, PermataBank has around 5,400 employees, 280 branches (including 10 sharia branches) and 569 ATMs (including 1 sharia ATM) with additional access to more than 20,000 ATMs (VisaPlus, Visa Electron, MC, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's transformation are 2010 The Asian Banker Achievement Awards for Cash Management in Indonesia, the Most Prestigious Carre' for the fifth consecutive time at CCSL's Annual Call Center Award 2010, 2009 Islamic Finance Award & CUP 2009 (IFAC 2009), 1st position category the sharia unit, by asset ≥ Rp.1 trillion and 1st position the most profitable, by asset ≥ Rp.1 trilion from Karim Business Consulting, Overall Winner and First Prize Winner within the listed private financial institution category in the Annual Report Award 2008, Banking Service Excellence Awards 2009 (10 awards for conventional and 7 awards for syariah) from MRI & InfoBank, MURI Award for first time saving together for students under 17 years age in 12 cities from MURI, Corporate Governance Award for Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, 2nd position Best CEO in Asia Best Managed Companies and 8th position Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine and Banking Efficiency Award 2009 from Bisnis Indonesia. PermataBank's website can be accessed at http://www.permatabank.com.
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