Indonesia’s Bank Permata plans to have more balanced portfolio, says top executive

BANK Permata - a Jakarta-based financial institution that is majority-owned by Thailand’s largest bank, Bangkok Bank - wants to adjust its portfolio in the coming years as part of a plan to become more “universal”, said its new President-Director Meliza Musa Rusli.

Currently, about 60 per cent of the Bank Permata’s clients are in the corporate banking segment, while 23 per cent is in SME banking and the rest in retail banking. Rusli, who assumed her role as Bank Permata’s top executive in June this year, would like to shift that focus slightly to see the corporate segment comprise half of its portfolio, with the other half being a combination of customers in the SMEs and retail segments.

“That is actually our target - to become more universal,” the 48-year-old said in a recent interview with The Business Times. “We want to gather all segments, and not just focus on one or the other.”