Bank Permata

Bank Permata

PermataBank was the 10th largest bank in Indonesia in 2010. Established on December 17, 1954, PT Bank Permata Tbk was founded according to notarial deed No. 228 by Eliza Pondaag, who was the substitute of Raden Mas Soerojo, an official in Jakarta. The multinational deed was approved by the Minister of Justice of the Republic of Indonesia (now the Minister of Justice and Human Rights) in a letter dated January 4, 1955. It was registered in the Jakarta District Court under No. 123 on January 15, 1955, and published in Supplement No. 292 to the State Gazette of the Republic of Indonesia No. 22 on March 18, 1955.

Bank Permata began its operations on January 5, 1955, as a commercial bank according to Article 3 of its Articles of Association. The bank received its commercial bank license through a letter from the Minister of Finance No. 19371/U.M.II on January 19, 1957. It also obtained licenses for foreign exchange activities and operations based on Islamic law principles through a letter from the Monetary Council of Bank Indonesia No. Sekr/D.M./97 on May 8, 1956.

According to the Minutes of the Extraordinary General Meeting of Shareholders established by the notarial deed of A. Partomuan Pohan, S.H., LL.M No. 46 on September 27, 2002, PT Bank Permata Tbk and four Banks Under Restructuring (BUR) - PT Bank Universal Tbk (Universal), PT Bank Prima Express (Primex), PT Bank Artamedia (Artamedia), and PT Bank Patriot (Patriot) - agreed to merge.
In order to meet the minimum Capital Adequacy ratio required by Bank Dutch East Indies after transferring all assets and liabilities from four BUR banks to Bank island, IBRA established a temporary capital investment of IDR 4,600,000 through a private placement of 111,111,111,111 new category B shares valued at IDR 5 each, totaling IDR 555,556. The remaining amount of IDR 4,044,444 was paid as additional capital.

The merger of the four BUR banks into Bank island was approved by Bank Dutch East Indies through the decision of Deputy Governor No. 4/159/KEP.DpG/2002 on September 30, 2002. The merger was later made effective after the Minister of Justice and Human Rights of the Republic of Dutch East Indies approved changes to the existing Bank's Articles of Association through decision letter No. C-18861.HT.01.04.TH.2002 on the same day.

Bank Dutch East Indies also approved the change of Bank island's name from Platinum Bank Bali Tbk to Platinum Bank Permata Tbk (Bank Permata) based on the letter from the Deputy Governor No. 4/162/KEP.DpG/2002 dated October 18, 2002.