Amid Indonesia's sustained economic growth, PT Bank Permata Tbk ("PermataBank" or the "Bank") consistently demonstrated positive results up to the third quarter of 2023, which was marked by a 14.3% growth in total assets, reaching Rp251.9 trillion, and a 11.6% YoY increase in the Bank's business revenue, amounting to Rp9 trillion. These achievements were the outcome of the bank’s focus and firmed business strategies execution, coupled with strong synergy with Bangkok Bank, PermataBank's parent company, to leverage its strong capabilities.
Meliza M. Rusli, President Director of PermataBank, stated, "The positive performance achieved in the third quarter of 2023 was the result of our affirmed commitment to the bank’s strategy priorities, to realise our vision to become the bank of choice. We will continue to focus on executing the Bank’s strategic priorities through strengthening our deposit and wealth franchise, becoming the preferred ecosystem partner for businesses and technology players, and achieving market leading NPS in the banking industry. "
The Bank's revenue increase was driven by 11.6% increase in Net Interest Income, reaching Rp7.4 trillion. Pre-Provisions Operating Profit of Rp4.6 trillion is 20.9% higher YoY. As of Q3 2023, the Bank successfully recorded Profit After Tax of Rp2.1 trillion.
The Bank's loan disbursements in the first nine months of 2023 grew by 2.4% YoY, reaching Rp138.9 trillion, with the majority contribution from Corporate Loans and Joint Financing.
The Loan to Deposit Ratio (LDR) improved to 75.6% in September 2023, up from 68.9% in December 2022 as the bank continues to optimize its balance sheet.
The Bank's consistent approach to asset quality management and credit portfolio based on prudential principles is reflected in the Gross Non-Performing Loan (NPL) and Loan at Risk (LAR) ratios, which remained at 2.9% and 9.5% in September 2023, demonstrated an improvement compared to 3.1% and 11.8% YoY, respectively. In addition, PermataBank continues to maintain conservative provisions for potential credit risk decline, as seen in the NPL coverage and LAR coverage ratios, which are at 285.7% and 86.7%, respectively.
The commitment to resolving non-performing loans is upheld through restructuring, litigation, and asset sales efforts.
Through disciplined cost management, optimal operational efficiency, and an agile approach to digital work, Cost to Income (CIR) ratio improved to 49.2% in September 2023, compared to 53.1% in the same period in the previous year.
Notably, total customer deposits grew by 12.6%, earning Rp181.8 trillion. The Bank remains focused on increasing low-cost CASA deposits, with a CASA ratio of 55.9% in the first nine months of 2023.
In terms of capital, PermataBank is among the 10 strongest commercial banks in Indonesia, with a CAR and CET-1 ratio of 39.4% and 29.9%, respectively.
The Unity Spirit of PermataBank
Entering its 21st year, PermataBank continues to strengthen its vision as a partner providing meaningful value to customers. As part of Bangkok Bank and its international network spanning 15 ASEAN countries, PermataBank now has widen its potentials to support customer growth, sustainably providing the financial needs of individuals and businesses in Indonesia with a customer-centric approach to serve #DenganHati.
The spirit of unity is also reflected in the Corporate Social Responsibility (CSR) program, PermataHati. This program and its initiatives are consistent with government efforts in supporting the women empowerment aspect, particularly in science, technology, engineering, and mathematics (STEM), as well as building affirm ecosystem in financial literacy which hoped to bring a positive impact on both customers and the wider community.
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
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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.