JAKARTA - In line with its positioning as the Bank for you and your family as reflected in its latest communication theme "Millions of Families. One Bank", PermataBank continuously creates and develops various products and services that fit the needs of its customers and their family.
Its newest product launched in Jakarta on 28th January is Permata Shopping Card, a product under cooperation with the MasterCard. This credit card product was designed to accommodate the various needs of the families and is presented in two types: Permata Shopping Card Classic and Permata Shopping Card Platinum. Among the privileges and convenience offered by Permata Shopping Cards are cash-back of up to 10% at all grocery stores (hypermarket, supermarket, mini market) and restaurants, reward points, perpetually free annual fee for a certain level of retail transactions and 0% interest for all credit purchases at anywhere, anytime. Another incentive is a cash bonus of Rp 100,000 per month when the cardholders make transactions of minimum $ 1 million, valid until April 2011.
For its cash-back privilege of up to 10%, Permata Shopping Card is unique since it gives the customers such privilege and convenience at all grocery stores and restaurants. This is the feature that distinguishes Permata Shopping Card from the other credit cards of the similar type that only give the customers such benefits when they make transactions at certain grocery stores and restaurants.
Permata Shopping Card also offers additional benefits in the form of rewards points on their transactions and the cardholders can simply exchange the reward points earned with any retail transactions. With retail transactions of a certain amount, the cardholders will also enjoy free annual fee for life.
In addition, customers can also make "simple pay" installment transactions with 0% interest for a period of 3 months or the choice of 6 and 12 months installments to help them manage the payments of their bills. The holders of the Platinum Permata Shopping Card are provided with extra benefits of free airport lounge facilities and travel insurance.
Commenting on such wonderful product line, Lauren Sulistiawati, PermataBank's Director of Retail Banking said, "PermataBank dedicates a great deal of attention to customers and their family because we understand the importance of family for our customers. With this in mind, today we are presenting Permata Shopping Card to our customers and their family to accommodate their various needs such as shopping, meals, vacations and other activities. This is why we have chosen the theme "Millions of Fun. One card" for this latest addition to our product line."
"The wide variety of products, services, programs and activities that we make and do always involve the customers and their family. Therefore, by placing the customers and their family in our mind, our heart and in the center of our activities, we hope Permata Shopping Card will meet the needs of our customers as well as their family", Lauren explained.
Meanwhile, Vadyo Munaan, MasterCard Worldwide's Vice President and Senior Country Manager for Indonesia said, "The joint launching with PermataBank is part of our commitment to meet our customers' specific needs. This product has been tailor-designed for families to provide the convenience and flexibility for shopping or traveling. We would like to congratulate PermataBank on the launching of Permata Shopping Card, and we believe this partnership will provide invaluable experience for our partners."
Public Funds continue to increase
Until the third quarter of 2010, Third Party Funds grew 27% YoY to Rp 53.6 trillion. Current and saving accounts recorded strong increases of 41% and 38% YoY to Rp 12.4 trillion and Rp 11.6 trillion respectively. Meanwhile, time deposits recorded an increase of 18% YoY to Rp 29.6 trillion at the end of September 2010. This means that the composition of low-cost funds (CASA) has increased to 45% compared to 41% for the same period last year.
At the beginning of December 2010, PermataBank announced the completion of the acquisition of PT GE Finance Indonesia ("GEFI"), following the formal approval of Bank Indonesia on the transaction. GEFI is the only non-bank credit card issuer in Indonesia, and it controls more than 6% market share. This acquisition will increase the scale of PermataBank's credit card business portfolio threefold and raise its credit card market share to 8%.
For further information please contact:
Head Corporate Affairs
P: +62 21 523 7899 # 29040
F: +62 21 523 7253
Director of Member Relations
Master Card Worldwide
T: +62 21 5790 0325
PROFILE OF PT BANK PERMATA Tbk
PT Bank Permata Tbk (PermataBank) is the result of a merger of 5 (five) banks: (1) PT. Bank Bali Tbk; (2) PT. Bank Universal Tbk; (3) PT. Bank Prima Express; (4) PT. Bank Artamedia; and (5) PT Bank Patriot in 2002. Today PermataBank has grown into a major private bank that offers products and services, innovative and comprehensive delivery channels including Internet Banking and Mobile Banking. PermataBank has aspirations to become a leading financial services provider in Indonesia, with a focus on the Consumer and Commercial segments. Serving approximately 1.9 million customers in 55 cities in Indonesia, the Bank has approximately 5,400 permanent employees, 275 branches (including 10 sharia branches) and 610 ATMs with additional access at more than 20,000 ATMs (VisaPlus, Visa Electron, MC, Alto, ATM Bersama , ATM BCA). Corporate website can be accessed at http://www.permatabank.com.
The recognition of recent achievements by PermataBank are awards from Bisnis Indonesia as The Best National Bank 2010, The Most Profitable and The Most Efficient Sharia Unit 2009 from The Islamic Award Nite 2010, The Asian Banker "The Bank with the Best Cash Management in Indonesia" in 2010, The Most Prestigious Carre 'in the CCSL's Annual Call Center Award 2010 for five times in a row, ranked first Annual Report Award 2008 for the categories listed private banks and the overall champion "Annual Report Award in 2008 for all categories, the first rank the best e-Company Award 2008 for all categories, Corporate Governance Award for Best equitable treatment of Issued The Business Review, the Association of Indonesian Listed Companies and the IICD, second place Best CEO in Asia Best Managed Companies and eight great The Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, Islamic Finance Awards & CUP 2009 (IFAC 2009), ranked first by category of assets UUS> Rp1 trillion and ranked first most profitable companies for asset kategoti> Rp1 trillion, from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 conventional and sharia 7) of the MRI & Described, from MURI Award for saving unison in 12 cities for the student, the Prestigious Service Quality Award in 2009 from Diamond Carre - Center for Service Satisfaction & Loyalty (CCSL) & Marketing Magazine and Banking Business Efficiency Award 2009 from Bisnis Indonesia.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network - the fastest payment processing network in the world - MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPassTM and MasterCard inControlTM. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.