Publicly listed Bank Permata is set to join the BUKU IV category after its integration with the Indonesian branch of its new parent company, the Thailand-based Bangkok Bank.
The integration qualifies Bank Permata to become a BUKU IV bank – one with core capital of more than Rp 30 trillion (US$2.1 billion) – according to Bank Permata president director Ridha Wirakusumah.
The change from the bank’s current BUKU III status is awaiting the confirmation of the Financial Services Authority (OJK).
“After the integration and the OJK’s confirmation, we will be a BUKU IV category bank with a strong capital structure which will strengthen our role as an agent of development to support the growth of our customers’ businesses,”…
