Indonesia's Bank Permata to get status upgrade after Bangkok Bank integration

The singing of a conditional sale and purchase agreement on Bangkok Bank’s acquisition of 89.12 per cent of Bank Permata’s shares from Astra and Standard Chartered in Jakarta in May. - Antara This article was published in thejakartapost.com with the title "Bank Permata to become BUKU IV bank after Bangkok Bank integration". Click to read: https://www.thejakartapost.com/news/2020/12/21/bank-permata-to-become-buku-iv-bank-after-bangkok-bank-integration.html.

JAKARTA (The Jakarta Post/ANN): 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.