About PT Bank Permata Tbk

PT Bank Permata Tbk provides various banking products and services. The company operates as a subsidiary of Bangkok Bank Public Company Limited. The bank's head office is located in Jakarta. The company's loans are working capital loans, investment loans, consumer loans, and Sharia loans. Sharia financing extended to debtors represents working capital, investment, and consumer loans. Working capital loans and investment loans were extended to customers for working capital and capital goods. Working capital loans include current accounts and overdraft. Consumer loans consist of housing, motor vehicles, and other personal loans. Loans are generally secured by demand deposits, savings, time deposits or by registered mortgages or by powers of attorney to mortgage or sell, or by other guarantees acceptable to the bank. The bank entered into joint financing agreements with PT Federal International Finance ('FIF'), PT Astra Sedaya Finance ('ASF'), PT Swadharma Bhakti Sedaya Finance ('SBSF'), and PT Toyota Astra Financial Services ('TAF'), all are entities under group of PT Astra International Tbk, and PT Mandiri Utama Finance ('MUF'), PT Bussan Auto Finance ('BAF'), PT Home Credit Indonesia ('HCI'), and PT Akulaku Finance Indonesia ('AFI', newly entered in September 2021), to finance motorcycle loans and car loans. Investment Securities The company's investment securities portfolio are corporate bonds, government bonds from secondary market, and government bonds - Sukuk Ijarah. History The company was founded in 1954. It was formerly known as PT Bank Bali Tbk and changed its name to PT Bank Permata Tbk in 2002.