Bank Permata Tbk PT

IDX:BNLI

Bank Permata Tbk PT, one of Indonesia's prominent banks, has crafted a narrative of ambition and growth against the vibrant backdrop of Southeast Asia's dynamic financial landscape. Initially established through a merger of five banks in the late 1950s, Permata's journey reflects Indonesia's economic evolution. Over the years, it has emerged as a pivotal player in the Indonesian banking sector, fueled by strategic partnerships and a commitment to innovation. With a focus on retail and wholesale banking, Permata has developed a diversified portfolio of services tailored to meet the needs of individuals, small and medium enterprises, and large corporations. This has enabled the bank to build a stable revenue stream through interest income from loans and advances, complemented by fee-based services such as wealth management and transaction banking.

Operating under the majority ownership of Bangkok Bank, Permata leverages its parent company's regional influence and global network to enhance its service offerings and expand its market reach. It provides an extensive range of financial products including savings and checking accounts, credit facilities, investment products, and digital banking services. Permata's digital strategy, an integral part of its growth trajectory, focuses on enhancing customer experience through technological advances and innovative solutions. By capitalizing on these digital platforms, Permata is not only driving operational efficiency but also scaling up its distribution capabilities across Indonesia's vast archipelago. With robust risk management frameworks in place, the bank aims to sustain its profitability and foster long-term relationships with its clients, ensuring its role as a cornerstone of Indonesian banking for years to come.