| Embassy of Indonesia - Ottawa Canada | October 2 , 2002 |
Merger banks officially became Bank Permata
|
Legal merger of five banks (Bank Bali, Bank
Universal, Bank Patriot, Bank Prima Express and Bank Arthamedia)
effectively began on Monday, September 30, 2002, following the issuance of
merger permit from Bank Indonesia and the justification of corporate by
rules. As the completion of that process, the next stage is the completion of operational merger process which is expected to be completed by the end of December 2002. The merger bank is named as Bank Permata and is expected to become one of the biggest ten banks in the country. Regarding the ownership composition of Bank Permata, government own 97.67% and the rest 2.33% owned by public. |
Source : Central Bank of the Republic of Indonesia |