Closing the year 2023, PT Bank Permata Tbk ("PermataBank" or "the Bank") continues its consistent performance by achieving a Net Profit of IDR 2.6 trillion, reflecting a YoY growth of 28.4% compared to the same period last year. The Bank upholds a cautious approach in credit risk management and ensures adequate credit loss provisions. With the robust support of a strong ecosystem of partners and Bangkok Bank as the controlling shareholder, PermataBank strengthens its position as one of the largest commercial banks in Indonesia.
Meliza M. Rusli, President Director of PermataBank stated, "The positive achievements of PermataBank in 2023 reflect our continuous efforts to sustain growth and deliver meaningful value to the community. This success is also attributed to the support from stakeholders, enabling PermataBank to execute its business strategy framework to becoming the 'Bank of Choice.' Our focus on customer-centricity remains paramount, aimed at enhancing services for both customers and the wider community."
The Bank's Operating Income grew by 9.3% YoY to IDR 12.1 trillion, primarily driven by a 9.6% growth in Net Interest Income, aligning with the credit disbursement growth in 2023. Pre-Provision Operating Profit (PPOP) increased to IDR 5.9 trillion, marking an 18.6% YoY growth compared to the same period last year. This reflects the application of prudent banking principles by aligning risk appetite and risk-based pricing to provide optimal services to the Bank's customers.
Credit disbursement to the public in 2023 grew by 4.3% YoY to IDR 142.2 trillion, driven by a 6.1% YoY growth in corporate credit disbursement.
Consistently optimizing the balance sheet, the Loan to Deposit Ratio (LDR) increased to 74.8% in December 2023 compared to 68.9% in December 2022.
Prudence in managing asset quality is reflected in PermataBank's Gross NPL and Loan at Risk (LAR) ratios in December 2023, each at 2.9% and 8.7%, showing improvement compared to the same period the previous year, at 3.1% and 10.9%, respectively. Furthermore, PermataBank continuously maintains conservative provisions for potential credit risk reduction, reflected in NPL coverage and LAR coverage ratios at 288% and 94%, respectively. The Bank continues efforts to resolve problematic loans through restructuring, litigation, and asset sales.
Through disciplined cost management, optimal operational efficiency, and agile digital work practices, the Bank achieved a better Cost to Income Ratio (CIR) of 51.5% in December 2023 compared to 55.1% in the same period last year.
On the funding side, total third-party funds amounted to IDR 188.3 trillion, with a continued focus on increasing low-cost CASA funds, maintaining the CASA ratio at 55%.
The Bank's capital ratios are among the strongest among the largest commercial banks in Indonesia, with CAR and CET-1 ratios at 38.7% and 29.5%, respectively.
Customer-Focused and Integrity
PermataBank is increasingly focused on enhancing its commitment to serving customers and partners by collaborating and working together with the spirit of One Family, One Team through synergy with Bangkok Bank. With a network in 15 countries (Southeast Asia, Japan, China, Hong Kong, Taiwan, the UK, and the United States), this synergy provides broader potential to support services for PermataBank's loyal customers. This aligns with PermataBank's efforts to enhance customer loyalty and focus on cultivating a customer-centric culture within the bank.
As a commitment to being a financial institution consistently providing a sense of security and enhancing integrity in Indonesia, PermataBank has obtained ISO 37001:2016 certification for the Anti-Bribery Management System and ISO 27001 for the Information Security Management System. These certifications have been implemented across all operational lines at PermataBank.
Aspiration for You
31 OCT 2023 | CORPORATE NEWS
PermataBank Successfully Recorded Positive Performance in Q3 2023
12 SEP 2023 | CONVENTIONAL NEWS
Introducing PermataPoin, PermataMobile X’s Latest Feature
Privacy Policy
As privacy is an important aspect for the visitors of PermataBank website, PermataBank is determined to protect the visitors’ privacy. You may browse most part of PermataBank’s website without submitting any personal information. However, you may be asked to disclose certain information for PermataBank to be able to provide the service you request for. The privacy statement in this website is prepared to help visitors understand the types of information provided in PermataBank’s website, and how PermataBank handles the information.
The Collection and Use of Information
PermataBank is the sole owner of the entire information in this website. PermataBank will not sell, share, or rent the information in this website to other parties in the manner contradictary to the aspect presented in this statement.
Browsing the Information
During your access to PermataBank website, you may find some information in the form of ”cookie” in your computer, so that PermataBank can recognize you the next time you revisit the website. Cookies refer to small size text archive transferred by the website to a visitor’s hard disk when the visitor is browsing the website. PermataBank does not use cookies to collect personal information such as names or email addresses; therefore, all information collected by cookies will be arranged anynomously. PermataBank only uses cookies to measure the effectiveness of PermataBank online, such as by identifying the repeat visits to PermataBank’s website and observing the channel chosen by visitors when browsing PermataBank’s website, so that PermataBank will be able to adjust the website to your desire. If you do not wish to receive cookies or wish to be informed when cookies are placed, you can arrange your web browser for such purposes, provided that your web browser supports it.
Security
PermataBank will make continuous efforts to maintain the security of your personal information and protect it from manipulation, forgery, and irresponsible access and disclosure. PermataBank will also endeavor to maintain information accuracy.
External links
This website may accommodate links to other sites. Please be aware that PermataBank is not responsible for the privacy practices of other sites. PermataBank strongly recommends website visitors to read the privacy statement of all sites that collect personal information. The privacy statement in this website applies only to the information presented in this website.
Changes of Statement
PermataBank reserves the rights to change the statement in this website at anytime. PermataBank suggests the visitors of this website to recheck the privacy statement from time to time and learn a number of new privacy practices or modification of PermataBank policies.
Terms of Use
© Copyright 2024 - PT Bank Permata, Tbk. All rights are protected by law.
Information Policy
The use and content of this website are provided for your convenience. The information presented in this website is provided for you, without any kind of guarantee, either written or implied, included but not limited to the guarantee on tradeworthy goods and/or services, the compatibility for any purpose, promotion for a product without violating any rule.
This website may contain technical guidance that is inaccurate and typographical errors. PermataBank reserves the right to correct and/or modify the information in this website at any time and by any methods, without prior notice.
PermataBank is not responsible or liable for any material and non-material loss, which may be suffered by anyone or any party, as directly or indirectly resulted from the use of the information contained in this website, either in part or in entirety.
Link to Other Websites
For your convenience, PermataBank can also provide some links to other sites in the Internet, which are owned and/or operated by any party. Please note that those sites are not under PermataBank control, and therefore, PermataBank is not responsible for the content of such websites.