Permata Bank Inagurates new Head Office | INSIDER COMPANY
March 18 (Press Release) – PT Bank Permata Tbk (“PermataBank”) today marks another important milestone in its journey to be the pioneer in delivering innovative financial solutions by inaugurating its new Sudirman Head Office at the World Trade Center II, one of Indonesia’s most modern commercial property developments.
Attending the inauguration ceremony Prijono Sugiarto - President Director of PT Astra International Tbk, M Noor Rachman - Deputy Commissioner of Capital Market Supervisory II OJK, David Fletcher - President Director PermataBank, Neeraj Swaroop – President Commissioner PermataBank, Gunawan Geniusahardja - Vice President Commissioner PermataBank and Managing Director of PT Astra International Tbk, Herwidayatmo - Vice President PermataBank, owner and /or CEO PermataBank customers and other invited guest.
David Fletcher, PermataBank’s President Director, remarked “The new Sudirman Head Office represents a new milestone in PermataBank’s history of growth and service as a pioneer in delivering innovative financial solutions. The decision to move demonstrates the management’s and shareholders’ commitment to provide more comfortable venues for customers in conducting banking transactions and offers a modern, more convenient and safer working place for all staff”.
PermataBank is the major tenant in the WTC II building, occupying roughly 40%, about 21,000 square meters, of the total available floor space which includes 10 floors of the 30-storey commercial tower together with the ground and mezzanine floors. The new premise accommodates about 1,400 of PermataBank’s total workforce of approximately 7,200 employees across the country.
For the Bank’s customers, the new banking hall on the ground level is significantly larger with more counters, providing a fresh, faster and more comfortable venue to carry out their banking transactions. A spacious Priority Banking lounge on the ground level and dedicated parking spaces offer a distinguished one-stop banking service for the Bank’s Priority Banking customers.
PermataBank’s competitive advantage lies in its capabilities to create and promote innovative banking products and services. In 2011, PermataBank initiated 5-day Mortgage Service Guarantee, Maximum 8-Minute Queue Time at Tellers and Joy Living, the banking industry’s first mobile lifestyle-banking application. In 2012, it introduced “SMS Navigator”, allowing account and credit card holders to monitor transactions online and real-time basis. Recently, the Bank introduced BBM Money, the world’s first mobile payment service for BlackBerry Messenger.
Like the many innovations it has initiated, PermataBank’s new Sudirman Head Office will be a landmark for Indonesia’s banking industry. For the fit out, PermataBank employs the renowned Australian design firm Woodhead who designed Terminal 3 at Changi Airport Singapore and design consultant Cushman & Wakefield. The WTC II building provides a more comfortable, modern and eco-friendly working environment and is one of the very few buildings in Indonesia with Singapore Building Construction Authority’s Green Mark certification for environmentally sustainable building practices and innovative green features.
David Fletcher added, “The new Sudirman Head Office represents a new phase of growth for PermataBank. We are very thrilled about working in the new building and excited about the Bank’s future prospects. We would also like to extend our deepest gratitude to all our customers and regulators for their continued trust and support.”
Suistained continuous performance
PT Bank Permata Tbk (“PermataBank” or “Bank”) today announced net profit after tax (consolidated - audited) of Rp. 1.368 trillion for the year ended 31 December 2012, an increase of 18% year-on-year (yoy) from the year ended 31 December 2011.
PermataBank’s operating performance during the period continued to improve. Operating profit rose 20% yoy to Rp. 1.728 trillion driven by growth in both net interest income and fee based income. Net interest income grew 43% yoy to Rp. 5.898 trillion on the back of strong loan growth whilst fee-based income rose 7% yoy to Rp. 1.109 trillion.
PermataBank’s loan book grew 36% yoy from Rp 69.3 trillion at the end of 2011 to Rp 94.4 trillion at the end of 2012. Loans grew across all business segments, including strong growth in the SME business. Total assets reached Rp. 131.8 trillion, up 30% yoy from Rp 101.3 trillion as at 31 December 2011.
The funding base is diverse and continued to grow. Third party deposits including Sharia funding increased 27% yoy to Rp. 104.7 trillion in which current accounts and saving accounts (CASA) recorded robust increases of 23% yoy and 32% yoy to Rp. 20.6 trillion and Rp. 20.4 trillion respectively, whilst time deposits posted healthy 21% yoy growth to Rp. 56.5 trillion at year end 2012. Sharia funding registered a strong 97% yoy increase to Rp. 7.2 trillion.
Loan-to-Deposit Ratio (LDR) was at an optimal level of 89.5% at the end of 2012, compared to 83.1% as at the end of 2011. The Bank also demonstrated continued improvement in the quality of its loan book, reflecting the Bank’s unrelenting adherence to the principles of prudent banking. Gross and Net Non Performing Loan ratios improved to 1.4% and 0.4% in December 2012 from 2.0% and 0.6%, respectively, a year prior.
The Bank’s capital structure grew stronger amidst strong credit growth, after successfully conducted Rp. 2 trillion rights issuance and two sub-debt issuances totaling Rp. 2.5 trillion, resulting in Bank’s Capital Adequacy Ratio of 15.9%; an improvement by 179 bps compared to a year ago.
