Bank Permata Tower

PermataBank was formed by a merger of five banks under the oversight of IBRA (Indonesian Banking Restructuring Agency), i.e. PT Bank Bali Tbk, PT Bank Universal Tbk, PT Bank Prima Express, PT Bank Artamedia, and PT Bank Patriot in 2002. In 2004, Standard Chartered Bank and PT Astra International Tbk took over PermataBank and started a major transformation of the organization. Subsequently, as a manifestation of their commitment to PermataBank, these major shareholders increased their joint ownership to 89.01% in 2006.