PT Bank Permata Tbk — Cyborg Score 7/10

Solid
Commercial Banking

Strategic Profile

The bank focuses on digital capability strengthening, product innovation, and continuous service quality improvement to build sustainable growth while remaining customer-centric. Credit distribution grew 5.5% year-on-year to Rp163.3 trillion, demonstrating solid retail and corporate lending momentum despite modest overall profit growth.

Cyborg Score Rationale

The bank reported net profit of Rp3.58 trillion in 2025, representing only 0.6% year-on-year growth, indicating earnings pressure in a competitive market. However, strong non-interest income growth and consistent credit expansion suggest underlying operational health and digital transformation benefits.

Top Insights

  • Non-interest income surged 34.1% to Rp2.6 trillion, driven by expanding fee-generating services
  • Stock outperformed Indonesian banking sector (-10.5%) and broader market (-2.2%) over the past year
  • Acquired by Bangkok Bank Public Company Ltd in 2020, providing capital and regional synergy benefits
  • Products include PermataTabungan, Permata e-Banking, trade services, and investment banking

Named Competitors

  • Bank Mandiri — Indonesia's largest state-owned bank with broad market reach
  • BNI — Major state-owned universal bank with extensive branch network
  • BCA — Leading private bank focused on premium retail and corporate segments
  • Bank Rakyat Indonesia — Large state-owned bank with strong SME and microfinance operations

Recent Developments

  • (February 2026) Announced 2025 net profit of Rp3.58 trillion with modest 0.6% YoY growth despite solid operational progress
  • (February 2026) Non-interest income grew 34.1% to Rp2.6 trillion, reflecting successful fee and service diversification
  • (September 2025) Stock price reached all-time high of 5,500 IDR, outperforming Indonesian banking sector

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