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PermataBank Officially Becomes a BUKU IV Bank

Jan 28, 2021
2 Menit

PermataBank is now confirmed as one of the top 10 banking institutions in Indonesia with core capital of more than IDR 30 trillion, serving nearly 4 million customers in 62 cities in Indonesia.

Jakarta – PermataBank has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20 January 2021. With a core capital of more than IDR 30 trillion, according to data as of 31 December 2020, PermataBank met the minimum core capital requirement to be classified as a Commercial Bank Business Activity IV (BUKU IV). Starting 20 January 2021, PermataBank can carry out BUKU IV business activities referring to POJK No.6 / POJK.03 / 2016 dated 26 January 2016 concerning Business Activities and Office Networks Based on Bank Core Capital.

Dr. Ridha D.M. Wirakusumah, President Director of PermataBank said, "We are grateful and proud that PermataBank has now entered BUKU IV bank status. This confirmation reflects trust from our stakeholders, OJK, controlling shareholder Bangkok Bank and our valued customers who have been continuously supporting and moving forward with us. We are committed to strengthening the role of PermataBank as an agent of development, supported by substantial capital, prudential banking, good corporate governance and the continued development of our comprehensive digital banking platforms and services. In addition, we will continue our effort to empower Indonesians through access to financial products and services and to make a difference and positive impact to society, through our PermataHati CSR initiatives."

Chartsiri Sophonpanich, President of Bangkok Bank and President Commissioner of PermataBank said, “As one of the top 10 banks in Indonesia, PermataBank will continue to support the financial needs of customers, especially during this time of recovery. We are excited about leveraging Bangkok Bank’s corporate banking expertise and international network to create value together with PermataBank and become a trusted partner to our customers, employees and communities in Indonesia.” 

At the end of the third quarter of 2020, PermataBank posted a solid performance by recording growth in operating income before provision of IDR 2.6 trillion, growing 20.4% year-on-year (YoY). This achievement followed the successful integration process between Bangkok Bank Indonesia Branch Offices (BBI) and PermataBank which took place on 21 December 2020.

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