PT Bank Mega Tbk (MEGA) engages in general banking activities. It started from a family-owned business in 1969, in Surabaya, PT Bank Karman; which later changed to PT Mega Bank in 1992 and relocated its headquarter to Jakarta. The company was acquired by PARA Group (currently CT Corp.) in 1996 and changed its logo a year later. Its name was changed to the current one in 2000, then went IPO. It obtained a license as a foreign exchange bank from Bank Indonesia in 2001.