permata

Retail Asia17/02/2021

The fund, which currently has around $15 billion in assets, is targeting to grow to $100 billion. Ridha Wirakusumah, who has been CEO Indonesia’s Bank Permata since 2017, will become the chief executive officer of the country’s new strategic development sovereign wealth fund, the Indonesia Investment Authority said in an announcement on Tuesday. Wirakusamah has […]

Retail Asia23/04/2020

The two partners will lower the purchase price of the Indonesian bank to 1.63 times Permata’s shareholders’ equity as at March, from 1.77 times the equity. Standard Chartered and partner Astra International have agreed to sell their stake combined 89.1 percent stake in Bank Permata to Bangkok Bank at a reduced price if the sale […]

Retail Asia23/12/2019

Bangkok Bank emerges as the buyer of PT Bank Permata after Singapore’s DBS and OCBC reportedly backed out from bidding. Thailand’s second-largest lender Bangkok Bank bought Permata for about $2.7 billion to obtain a near 90 percent stake from Standard Chartered and PT Astra. The deal, which was advised by Morgan Stanley, was valued at […]

Retail Asia20/12/2019

Indonesia, forecast to grow at 5 percent in 2020, offers growth potential for Bangkok Bank, which is looking for a new market in the region. Bangkok Bank is said to have emerged as the frontrunner for Bank Permata, Standard Chartered’s Indonesia bank, citing people familiar with the matter. The bank is said to be competing […]

Retail Asia18/11/2019

Sumitomo Mitsui Financial Group and OCBC Group are believed to be readying their offers to compete for the acquisition of Indonesian lender PT Bank Permata. The two banks have separately conducted due diligence on Permata in the past several months, citing unnamed sources. This follows recent reports that OCBC was still making considerations on whether or not […]

Tag: permata

Bank Permata CEO to Head Indonesia’s New Wealth Fund

Owners Agree Lower Sale Price for Bank Permata

Bangkok Bank Snaps Up Bank Permata

Thai Lender Emerges as Contender for Bank Permata

SMFG, OCBC Join Bidding War for Bank Permata