PermataBank completed the merger with Bangkok Bank Indonesia.

PermataBank, a bank offering banking products and services, completed the merger with Bangkok Bank Indonesia, a bank operator. Financial terms were not disclosed. “We are excited that both banks are now officially integrated in support of OJK’s consolidation policies to strengthen the banking industry in Indonesia. After integration and confirmation from OJK, PermataBank will become a BUKU IV bank with a strong capital structure, which will strengthen our role as agent of development to support the growth of our customer’s businesses. PermataBank is committed to providing complete digital, retail, sharia, MSME and corporate banking solutions with outstanding quality for all of our customers. As a leading regional bank, Bangkok Bank will provide corporate banking capabilities and a vast international branch network and customer base. Together with Bangkok Bank, we are confident to make a more significant contribution to the acceleration of economic growth in Indonesia," Ridha D.M. Wirakusumah, PermataBank President Director.