Bank Permata's Two-Decade Transformation: A Story of Growth

From Merger to Major Player

PT Bank Permata Tbk (BNLI) has successfully transformed itself over the past two decades since its merger in 2002. The bank's assets have grown 10 times from Rp29.2 trillion to Rp269 trillion. CEO Meliza Musa Rusli highlighted this significant achievement during a visit to Bisnis Indonesia, Jakarta.

Key Financial Highlights

• Total equity has grown substantially from Rp1.6 trillion to Rp54.27 trillion by September 2025
• Net profit for Q3 2025 reached Rp2.88 trillion, showing a 3.49% YoY increase
• Net interest income stood at Rp7.57 trillion, supported by interest income of Rp12.84 trillion
• Loan portfolio grew 7.17% YoY to Rp134.71 trillion
• Third-party funds increased 6.87% to Rp195.87 trillion

Ownership and Strategic Developments

Bank Permata was formed through the merger of five banks: PT Bank Bali Tbk, PT Bank Universal Tbk, PT Bank Artamedia, PT Bank Patriot, and PT Bank Prima Ekspress. In 2004, Standard Chartered Bank and PT Astra International Tbk acquired Permata Bank and initiated a comprehensive transformation process. By 2006, their combined ownership stake rose to 89.01%. In May 2020, Bangkok Bank acquired the bank, currently holding 89.12% shares. The bank launched its new logo in September 2024, changing from a diamond to a lotus symbol, reflecting its new ownership.

Financial Performance Analysis

The bank's financial performance remains robust with:

• Net interest income of Rp7.57 trillion
• Interest income grew to Rp12.84 trillion
• Interest expenses reached Rp5.27 trillion
• Credit growth of 7.17% YoY
• Third-party funds growth of 6.87% YoY

This transformation demonstrates Bank Permata's successful adaptation to changing market conditions and its commitment to growth under different ownership structures.